Portfolio Zacks Top 10

MasTec is a leading specialty infrastructure contractor leveraged to multi‑decade growth in the energy transition, grid modernization, and communications build‑out, underpinned by a record 18‑month backlog (~$20B) and 2026 adjusted EPS guidance of $8.8. Its diversified exposure across clean energy, power delivery, oil & gas pipelines, and fiber/5G construction positions it as a structural beneficiary of federal funding and rising data‑center and utility capex.

Execution has improved recently, with all segments contributing to double‑digit revenue growth and expanding margins, driving a 1‑year TSR above 160% and prompting strong positive EPS estimate revisions according to Zacks consensus forecasts. Despite these strong financial results, MasTec shares have corrected significantly from $435 to currently $330, which in our view is purely multiple compression driven, going from a 40x forward P/E to currently 32x, rather than due to any deterioration in earnings momentum, leaving room for re‑rating if management delivers on backlog conversion, margin discipline, and capital allocation while managing project‑execution and commodity/tariff risks. We view this as an opportunity to buy.