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.

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.

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