Roth Capital Begins Coverage of MasTec (MTZ) Stock With Buy rating

MasTec, Inc. (NYSE:MTZ) is one of the Top 10 Transportation and Industrial Stocks to Buy Now. Roth Capital analyst Philip Shen began coverage of the company’s stock with a “Buy” rating and a price objective of $210, as reported by The Fly. As per the analyst, MasTec, Inc. (NYSE:MTZ) happens to be one of the best-positioned companies to support the acceleration of electrical infrastructure buildout. Roth/MKM placed the company as second only to Quanta Services in terms of the strategic positioning in the broader infrastructure space, and it highlighted MasTec, Inc. (NYSE:MTZ)’s industry-leading exposure to electric utility/renewables as a critical advantage.

Roth Capital Begins Coverage of MasTec (MTZ) Stock With Buy rating

A workforce of engineers and construction workers in professional gear, showcasing the company’s capabilities in developing energy infrastructure solutions.

The company saw mid-single digit growth in revenue and adjusted EBITDA in Q1 2025, and EPS easily exceeded the guidance. MasTec, Inc. (NYSE:MTZ) witnessed ongoing backlog development to record consolidated levels, which include a more than doubling of backlog for the Pipeline Infrastructure segment since year-end. Apart from executing on growth during Q1 2025, MasTec, Inc. (NYSE:MTZ) generated another quarter of solid cash flow and closed the period with net debt leverage of 1.9x. The company saw strong 24% growth from the prior year in its backlog and 11% growth sequentially, thanks to the increases in all 4 segments.

MasTec, Inc. (NYSE:MTZ) is an infrastructure construction company that is engaged in providing engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure.

While we acknowledge the potential of MTZ 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 MTZ and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.