Hertz Global Holdings, Inc (NASDAQ:HTZ) shares were trading higher in the premarket Friday after the company announced an expanded technology partnership. •  What’s ahead for HTZ stock?Infrastructure services provider Kyndryl Holdings (NYSE:KD) said it extended its collaboration with Hertz to modernize critical systems and operations, Benzinga reports.Kyndryl will continue working with Hertz under a five-year extension to advance the car rental giant’s technology ecosystem.The renewed agreement will leverag ...

Centuri Holdings, Inc. (NYSE:CTRI) is included among the 10 Best Performing Utility Stocks in 2025. Is Centuri Holdings (CTRI) Among the Best Performing Utility Stocks in 2025? eliza-diamond-Iw2oRD2NP2w-unsplash Centuri Holdings, Inc. (NYSE:CTRI) is a strategic infrastructure services company that partners with regulated utilities and energy providers to build and maintain the energy network that powers millions of homes and businesses across the US and Canada. On January 7, Wells Fargo analyst Joseph ...

Group 1 - Artificial intelligence (AI) is evolving rapidly, becoming a critical partner in various sectors, including coding, healthcare, and scientific research [1] - By 2026, companies are expected to invest over $500 billion in AI, facing pressure to deliver tangible returns from these investments [2] - Investors are shifting focus from quick wins to long-term value, seeking companies with solid business models that can maximize AI's potential [3] Group 2 - The Motley Fool's report indicates that 93% of AI investors plan to maintain or increase their investments in AI over the next year [4] - In 2026, there may be a shift in investor interest towards companies that provide foundational technology for AI, such as data center builders and network suppliers [6] - Emcor, a company providing critical infrastructure, has seen a 29% year-over-year increase in its remaining performance obligations, driven by demand from data centers [8]

Financial Performance and Growth - The company's Utilities segment revenue reached $2.658 billion in TTM Q3 2025[9], while the Energy segment revenue was $4.931 billion in TTM Q3 2025[12, 19] - The company's backlog for Utilities was $6.593 billion in Q3 2025[15], and for Energy was $4.470 billion in Q3 2025[20] - The company targets a gross profit growth of 9% to 12%[38, 84] - The company projects full year 2025 Adjusted EBITDA to be between $510 million and $530 million[88, 98] - The company anticipates full year 2025 Adjusted EPS to be in the range of $5.35 to $5.55 per diluted share[88, 96] Strategic Focus and Market Positioning - The company is focused on high-growth markets like Renewables and Power Delivery[38, 41] - The company aims to grow solar revenue from $1.3 billion in 2023 to $2.9 billion in TTM Q3 2025[63] - The company is targeting an operating cash flow margin of 4% to 5% by 2026[84] - The company is aiming for a Net Debt / Adjusted EBITDA target of 1.5x[68, 84] Contract and Customer Base - Reimbursable contracts account for 51% of revenue, while fixed-price contracts account for 49% in TTM Q3 2025[25] - The company derives 41% of its revenue from its top 10 customers[33]

Core Insights - The "picks and shovels" trade has historically been a profitable investment strategy, focusing on the essential services and infrastructure that support transformative industries like AI and energy [1] Company Overview - Quanta Services, founded in 1997, is a leading U.S. infrastructure services provider specializing in complex energy, utility, communications, pipeline, and renewable projects, recognized as one of the largest specialty contractors in North America [3] - The company offers a range of services including design, engineering, installation, maintenance, and repair across various infrastructure sectors [3] Financial Performance - Quanta Services has a market capitalization of $63 billion and its stock increased by 33.8% in 2025, outperforming the S&P 500's growth of 16.7% during the same period [4] - Over the past decade, Quanta has achieved steady revenue and earnings growth with compound annual growth rates (CAGRs) of 13.45% and 17.97%, respectively [5] - The company's Q3 2025 results showed revenues of $7.6 billion, a 17% increase year-over-year, with the core electric segment contributing $6.2 billion (81% of total revenues) and growing at an annual rate of 18.5% [6][7] - The Underground and Infrastructure segment reported sales of $1.46 billion, marking a year-over-year growth of 15.9% [7]

Core Insights - Centuri Holdings, Inc. (NYSE:CTRI) experienced a share price increase of 3.91% from December 5 to December 12, 2025, ranking among the top energy stocks for the week [1] - The company reached a 52-week high on December 11 after securing new customer awards totaling $500 million, bringing year-to-date bookings to approximately $4.3 billion [3] Company Overview - Centuri Holdings is a strategic infrastructure services company that collaborates with regulated utilities and energy providers to construct and maintain the energy network serving millions of homes and businesses in the US and Canada [2] Recent Developments - The new contracts consist of 84% for new work and 16% for renewals, leveraging the company's core electric and gas capabilities for utility and telecommunications clients in both Canada and the US [3] - Christian Brown, President and CEO, emphasized the growth in end markets and customer confidence in the company's ability to deliver complex projects safely and on schedule [3] Future Outlook - The company has over 90% of its 2026 plan under contract, indicating a strong pipeline of future opportunities [3] - Wells Fargo has reiterated a 'Buy' rating for Centuri Holdings, setting a price target of $25 [3]

Cardinal Infrastructure Group shares opened 9.5% above their initial public offering price after the infrastructure services firm raised $241.5 million in its US listing. https://t.co/KABXa7kR6U ...

Core Viewpoint - Cardinal Infrastructure Group Inc. has announced the pricing of its initial public offering (IPO) of 11,500,000 shares at $21.00 per share, aiming for total gross proceeds of approximately $241.5 million before expenses [1]. Group 1: IPO Details - The IPO includes a 30-day option for underwriters to purchase an additional 1,725,000 shares at the initial offering price [1]. - Trading of Cardinal Group shares is expected to commence on the Nasdaq Global Select Market under the ticker symbol "CDNL" on December 10, 2025, with the offering closing on December 11, 2025, subject to customary conditions [1]. Group 2: Underwriters - Stifel and William Blair are serving as joint book-running managers for the offering, while D.A. Davidson & Co. is the lead manager [2]. Group 3: Company Overview - Cardinal Group, headquartered in Raleigh, North Carolina, is recognized as one of the fastest-growing full-service turnkey infrastructure services companies in the Southeastern United States [5]. - The company provides a comprehensive suite of infrastructure services, including wet utility installations, grading, site clearing, erosion control, drilling and blasting, and paving, primarily through in-house teams and equipment [5]. - Cardinal Group's operations are characterized by a highly skilled workforce and specialized equipment, positioning it as a preferred platform for diverse infrastructure construction projects requiring technical expertise [5].

Core Insights - Voya Investment Management's "Voya MI Dynamic Small Cap Fund" experienced underperformance in Q3 2025, primarily due to stock selection issues despite a strong recovery in equity markets [1] - The fund's performance was negatively impacted by its holdings, with technology and communication services sectors outperforming while consumer staples lagged [1] Company Performance - Primoris Services Corporation (NASDAQ:PRIM) showed a one-month return of 7.25% and a significant 73.42% increase over the last 52 weeks, closing at $134.47 per share with a market capitalization of $7.266 billion on December 08, 2025 [2] - The company reported Q3 2025 revenue of nearly $2.2 billion, marking a 32% increase from the previous year, driven by strong growth in the Energy and Utility segments [4] Fund Strategy and Holdings - The fund's overweight position in Primoris Services Corporation positively contributed to its performance, supported by a favorable view of the stock and its volatility exposure, which helped balance risk in the portfolio [3] - Primoris Services Corporation was one of the main individual contributors to the fund's performance alongside Uranium Energy Corp. and Cleveland-Cliffs Inc. [3]

Core Insights - The public infrastructure market and private non-residential market are experiencing favorable conditions, benefiting companies like Comfort Systems USA, Inc. and EMCOR Group, Inc. [2] - Recent Federal Reserve rate cuts are expected to further enhance growth prospects for companies in the commercial and industrial infrastructure sectors [3] Comfort Systems USA, Inc. (FIX) - Comfort Systems is capitalizing on large-scale project opportunities, with a significant revenue contribution from the Technology sector, which accounted for 42% of total revenues in 2025, up from 32% the previous year [5] - As of September 30, 2025, Comfort Systems reported a record backlog of $9.38 billion, reflecting year-over-year increases of 65.1% [6] - The company has made strategic acquisitions, including two electrical companies, expected to generate over $200 million in incremental annual revenues and $15-$20 million in EBITDA [7] - The Zacks Consensus Estimate for FIX's 2025 EPS indicates an 80.2% year-over-year growth, with a 16.4% increase projected for 2026 [19] EMCOR Group, Inc. (EME) - EMCOR is focusing on its U.S. operations, divesting its U.K. Building Services segment, which is expected to generate proceeds of about $255 million [12] - As of September 30, 2025, EMCOR's Remaining Performance Obligations (RPOs) were $12.61 billion, indicating a 29% year-over-year growth [11] - The company’s U.S. Electrical Construction and Mechanical Construction segments reported year-over-year revenue growth of 54.1% and 7.6%, respectively [10] - The Zacks Consensus Estimate for EME's 2025 EPS implies a year-over-year growth of 17.3%, with an 8.6% increase for 2026 [20] Comparative Analysis - Comfort Systems shows a faster growth trajectory with a premium valuation, while EMCOR offers steadier execution at a relative valuation discount [9][15] - Comfort Systems has a trailing 12-month Return on Equity (ROE) of 43.6%, significantly higher than EMCOR's average, indicating better efficiency in generating shareholder returns [23] - Overall, Comfort Systems is viewed as a better investment option compared to EMCOR based on growth momentum and operational leverage [24][25]