infrastructure stocks

Is MasTec, Inc. (NYSE:MTZ) Potentially Undervalued?

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A large-scale construction site with workers installing renewable energy infrastructure, including wind turbines and solar panels in the background, alongside power transmission lines and communication towers under a clear sky.

MasTec shares have surged in recent years amid booming demand for infrastructure buildouts in communications, clean energy, and power delivery. Trading near all-time highs around $228, the stock carries a trailing P/E above 50 but a forward P/E near 30, reflecting expected earnings growth. With a record backlog exceeding $16 billion and analyst targets averaging … Read more