From Yahoo Finance: 2025-03-30 17:06:00

In 2025, the construction industry is facing a significant downturn, with MYR Group Inc. (NASDAQ: MYRG) among the stocks plunging. The U.S. GDP is expected to contract in Q1, leading to stalling residential and commercial projects as financing costs rise.

MYR Group Inc. (NASDAQ: MYRG) reported disappointing fourth-quarter results, with EPS at $0.37 missing the forecast by 47% and revenue falling below expectations at $830 million. Year-over-year revenue declined by 17%, and net income dropped to $16 million.

Following the earnings report, Baird reduced its price target for MYR Group (NASDAQ: MYRG) from $201 to $159. The consensus price target of $155 implies 34% upside, but MYRG stock is currently down 22.25% year-to-date.

While MYRG ranks 15th on the list of plunging construction stocks in 2025, some AI stocks may offer greater promise for higher returns within a shorter time frame. If you’re interested in investing in AI stocks, consider exploring options beyond MYRG for potential gains.



Read more at Yahoo Finance: Why MYR Group Inc. (MYRG) Is Plunging in 2025?