MasTec Investment Momentum Driven by Data Center and Infrastructure Backlog Growth
MasTec is seeing backlog strength from surging data center and infrastructure investments, with total backlogs up 30% YoY and Clean Energy & Infrastructure up 58.2%. A consolidated book-to-bill of 1.24x points to robust demand, while recurring multi-year contracts help smooth revenues. The stock is rated Buy with a $353/share target by 2030; multiple compression risk remains if growth slows.