11 Best Engineering Stocks to Invest in Now

2. MasTec Inc. (NYSE:MTZ)

Number of Hedge Fund Holders: 60

MasTec Inc. (NYSE:MTZ) is an infrastructure construction company that provides engineering, building, and maintenance services across communications, energy, utility, and civil sectors in the US and Canada. It offers wireless and fiber communications infrastructure, renewable energy projects, pipeline construction, power delivery systems, and heavy civil engineering.

The company’s Clean Energy and Infrastructure segment experienced record-breaking performance in Q4 2024 and achieved its highest revenue quarter in history at $1.26 billion. This was an 18% year-over-year increase. This performance was driven by growth across all three verticals: renewables, infrastructure, and industrial. For the full year 2024, the segment’s revenue was ~$4.1 billion. The segment’s backlog reached $4.2 billion, which was up 36% year-over-year increase.

This segment excels in large-scale and technically demanding projects that require specialized engineering skills in design, construction, and project management. The company expects continued growth here, with revenue projected to be ~$4.75 billion, which indicates a 16% increase. MasTec Inc. (NYSE:MTZ)  has a focus on customer and project selection, improved project timing and risk management, and expanded execution teams.