MYR Group Can See Large Tailwinds From AI Data Center Expansions
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MYR Group Inc. experienced a revenue decline due to renewable energy project challenges but is set for growth with data center construction and manufacturing reshoring. A $75 million share repurchase program is planned, anticipating improved cash flow.
February 28, 2025 | 8:30 pm
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MYR Group Inc. faced a revenue decline due to renewable energy project challenges but is poised for growth with data center construction and reshoring. A $75 million share repurchase program is planned, anticipating improved cash flow.
Despite a revenue decline due to renewable energy challenges, MYR Group is expected to benefit from data center construction and reshoring, which could drive growth. The $75 million share repurchase program indicates management's confidence in future cash flow improvements.
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