In this article, we will list the 5 Best Data Center Engineering and Construction Stocks To Buy. Please visit 7 Best Data Center Engineering and Construction Stocks To Buy if you would like to see the extended list and the methodology behind it.
5. Quanta Services, Inc. (NYSE:PWR)
On April 27, 2026, Citi raised its price target on Quanta Services, Inc. (NYSE:PWR) to $733 from $640 and maintained a Buy rating as part of a broader Q1 preview for the engineering and construction sector. The firm said it expects companies in the group to meet or exceed consensus estimates and reiterated a bullish view on Quanta following its recent investor day.
On April 20, 2026, Truist raised its price target on Quanta Services, Inc. (NYSE:PWR) to $713 from $643 and maintained a Buy rating as part of a broader Q1 preview across machinery, infrastructure services, and multi-industry companies. The firm pointed to improving industrial conditions, noting that March U.S. Manufacturing PMI rose to 52.7 after positive readings in January and February. Truist said the setup for Q1 results appears favorable, though it cautioned that the Iran conflict could still weigh on sentiment and disrupt a broader industrial recovery. The firm also noted that channel destocking appears to be over, with improving trends in construction and mining equipment, commercial vehicles, and semiconductors.
Earlier in the month, Stifel raised its price target on Quanta Services, Inc. (NYSE:PWR) to $654 from $647 and maintained a Buy rating. The firm said its Q1 survey of electrical and mechanical contractors showed project activity improved sequentially and exceeded expectations, with data centers remaining a key area of strength.
Quanta Services, Inc. (NYSE:PWR) provides infrastructure solutions for electric and gas utilities, power generation, communications, pipeline, manufacturing, and energy markets.
4. MYR Group Inc. (NASDAQ:MYRG)
On April 16, 2026, Clear Street raised its price target on MYR Group Inc. (NASDAQ:MYRG) to $350 from $310 and maintained a Buy rating ahead of the company’s March quarter report scheduled for April 29. The firm said it increased its 2027 adjusted EBITDA estimate by 5% to reflect rising utilization of MYR’s fleet equipment.
Also on April 16, 2026, Stifel raised its price target on MYR Group Inc. (NASDAQ:MYRG) to $351 from $305 and maintained a Buy rating. The firm said its Q1 survey of electrical and mechanical contractors showed project activity improved sequentially and exceeded expectations, with data centers remaining a notable area of strength.
Last month, Cantor Fitzgerald analyst Manish Somaiya raised his price target on MYR Group Inc. (NASDAQ:MYRG) to $311 from $285 and maintained an Overweight rating. Following discussions with management, the firm said MYR remains focused on controlled, repeatable growth and improving project risk quality rather than aggressively pursuing peak-cycle expansion.
MYR Group Inc. (NASDAQ:MYRG) provides electrical construction services across the U.S. and Canada through its Transmission and Distribution and Commercial and Industrial segments.
3. Sterling Infrastructure, Inc. (NASDAQ:STRL)
On April 23, 2026, KeyBanc analyst Sangita Jain initiated coverage of Sterling Infrastructure, Inc. (NASDAQ:STRL) with an Overweight rating and a $572 price target. The firm said Sterling’s industry-leading margins reflect its transformation into a premier infrastructure services company with exposure to some of the fastest-growing end markets. KeyBanc added that the company offers early-cycle exposure to civil infrastructure projects and has a strong track record of delivering large, complex projects on time.
Similarly, Argus has initiated coverage of Sterling Infrastructure, Inc. (NASDAQ:STRL) with a Buy rating and a $510 price target on the shares.
Last month, Cantor Fitzgerald raised its price target on Sterling Infrastructure, Inc. (NASDAQ:STRL) to $482 from $413 and maintained an Overweight rating. Following a call with management, the firm said executives emphasized that investor focus on quarterly book-to-bill metrics and consolidated margins overlooks stronger long-term demand trends and increasing visibility from existing backlog and future project phases. Management also reiterated that most of its 2026 revenue should be largely locked in by the end of Q1.
Sterling Infrastructure, Inc. (NASDAQ:STRL) provides e-infrastructure, transportation, and building solutions across the United States.
2. Primoris Services Corporation (NYSE:PRIM)
On April 20, 2026, Guggenheim analyst Joseph Osha raised the price target on Primoris Services Corporation (NYSE:PRIM) to $195 from $184 and maintained a Buy rating following meetings with management.
Earlier in the month, Mizuho analyst Maheep Mandloi raised the price target on Primoris Services Corporation (NYSE:PRIM) to $175 from $143 and maintained a Neutral rating. The firm said the company’s acquisition of PayneCrest Electric expands its presence in interior data center and industrial electrical work and called the strategic rationale behind the deal “straightforward.”
Last month, Primoris entered into a definitive agreement to acquire PayneCrest Electric in an all-cash deal valued at $422M. The acquisition expands Primoris’ exposure to the fast-growing data center services market while creating additional opportunities to integrate its industrial and renewables businesses with complementary electrical construction capabilities.
PayneCrest is expected to contribute to Primoris’ revenue growth, cash flow, and operating margin targets. For full-year 2026, PayneCrest is projected to generate $350M to $370M in revenue and $38M to $42M in adjusted EBITDA. Primoris estimates the acquisition will contribute $260M to $280M in revenue and $28M to $32M in adjusted EBITDA in 2026.
Based in St. Louis, Missouri, PayneCrest provides electrical construction and maintenance services for industrial, manufacturing, and advanced facilities. The company has operated for more than 70 years and maintains long-term customer relationships across multiple sectors. Following the deal’s expected closing in Q2 2026, PayneCrest will become part of Primoris’ Energy segment. The transaction was unanimously approved by Primoris’ board and will be funded in part through $400M in borrowings under an amended credit agreement.
Primoris Services Corporation (NYSE:PRIM) provides infrastructure services across the U.S. and Canada.
1. Legence Corp. (NASDAQ:LGN)
On April 20, 2026, GLJ Research initiated coverage of Legence Corp. (NASDAQ:LGN) with a Buy rating and a $99 price target. The firm said Legence is playing an increasingly important role in addressing integration capacity constraints for data center cooling customers. Based on channel checks with hyperscaler and colocation clients, GLJ believes demand is accelerating and that Wall Street may be underestimating upside to the company’s 2026 guidance.
On April 16, 2026, Tigress Financial raised its price target on Legence Corp. (NASDAQ:LGN) to $85 from $60 and maintained a Buy rating. The firm said Legence is well-positioned to benefit from the AI-driven data center buildout cycle, noting that data centers now account for 49% of the company’s record $3.7B backlog.
Similarly, Stifel analyst Brian Brophy raised his price target on Legence Corp. (NASDAQ:LGN) to $77 from $60 and kept a Buy rating. The firm said its Q1 survey of electrical and mechanical contractors showed project activity improved sequentially and exceeded expectations, with data centers remaining a major area of strength.
Legence Corp. (NASDAQ:LGN) provides engineering, installation, and maintenance services for mission-critical building systems in the United States through its Engineering & Consulting and Installation & Maintenance segments.
While we acknowledge the potential of LGN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LGN and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 8 Best Beginner Stocks to Buy Right Now and 10 Fastest-Growing Financial Stocks to Invest In
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
