• EN

    • -+ 0.00%
    -+ 0.00%
    -+ 0.00%

    Is MasTec (MTZ) A Bargain Following Its Record Backlog And Clean Energy Push?

    Simply Wall St·11/11/2026 13:23:20
    Listen to the news

    MasTec (MTZ) is heading into 2027 with a record 18 month backlog of US$24.5b, drawing fresh attention to how its Power Delivery and Clean Energy businesses might support long term earnings power.

    Recent trading has been rough for MasTec, with the share price down 35.67% over the past 90 days and 20.56% year to date, even though the 3 year total shareholder return is about 2.5x. This suggests long term holders are still well ahead.

    Scan for other contractors with heavy backlogs and energy exposure by jumping into our curated list of 41 power grid technology and infrastructure stocks alongside MasTec.

    MasTec now trades at US$180.84 while analyst targets and intrinsic value estimates sit far higher. The real question is how that wide gap should be treated in a valuation framework.

    Most Popular Narrative: 50% Undervalued

    Against MasTec's last close of $180.84, the analyst consensus Narrative on Simply Wall St pegs fair value at about $360 using a 9.42% discount rate. This frames the recent share price slide as a roughly 50% gap to that modeled worth.

    Rapid acceleration in utility grid modernization, data center build outs and renewable energy investment continues to support MasTec’s record backlog of about US$21.4b and raised 2026 guidance. This points to further upside potential in revenue and earnings as these projects convert.

    See why 32 investors see MasTec as 50% undervalued.

    Result: Fair Value of $360 (UNDERVALUED)

    Still, the narrative around MasTec can crack if Communications softness drags on or if execution misses guidance again and triggers another sharp share price reaction.

    Find out about the key risks to this MasTec narrative.

    Next Steps

    Mixed message or clear signal? With both risks and rewards on the table for MasTec, move quickly, review the underlying data, and decide where you stand by weighing the 3 key rewards and 1 important warning sign.

    Looking for more investment ideas beyond MasTec?

    If MasTec has sharpened your focus on infrastructure and long duration backlogs, broaden your watchlist now with a few targeted screeners built for different goals.