Infrastructure and Energy Alternatives, Inc., through various subsidiaries, operates as a diversified infrastructure construction company in the United States. The company engages in providing engineering, procurement, and construction (EPC) services for the renewable energy, traditional power, and civil infrastructure industries. It operates in two segments, the Renewables and the Specialty Civil. The Renewables segment specializes in a range of services that include full EPC project delivery, design, site development, construction, installation, and restoration of infrastructure services for the wind and solar industries. The Specialty Civil segment offers a range of services that comprise heavy civil construction services, such as road and bridge construction, specialty paving, and industrial maintenance, as well as other local, state, and government projects; environmental remediation services, including site development, environmental site closure, and outsourced contract mining and coal ash management services; and rail infrastructure services consisting of planning, design, procurement, construction, and maintenance of infrastructure projects for railway and intermodal facilities construction. The company was founded in 1947 is headquartered in Indianapolis, Indiana.
IPO Year: 2016
Exchange: NASDAQ
Website: iea.net
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/26/2022 | Buy → Neutral | DA Davidson | |
| 7/26/2022 | Buy → Hold | Stifel | |
| 3/18/2022 | $17.00 | Buy | Sidoti |
INDIANAPOLIS, June 25, 2021 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. ("IEA" or the "Company") (NASDAQ:IEA), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced the appointment of Erin J. Roth as Executive Vice President, General Counsel & Corporate Secretary, effective immediately. Ms. Roth has over twenty years of legal experience, most recently as the Executive Vice President, General Counsel & Secretary of Strada Education Network, a national social impact organization devoted to research, philanthropy, and solutions that align education and careers. Prior to Strada, she was the Senior Vice President,
INDIANAPOLIS, May 10, 2021 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced the appointment of Theodore H. Bunting to the Company's Board of Directors, effective immediately after the Company's annual meeting of shareholders on May 13, 2021. Mr. Bunting will be designated a Class I director and meets the Nasdaq independence standards. With Mr. Bunting's appointment, IEA's Board of Directors will be at nine members. Theodore Bunting is a seasoned power industry executive who brings strong utility operations experience to I
4 - Infrastructure & Energy Alternatives, Inc. (0001652362) (Issuer)
4 - Infrastructure & Energy Alternatives, Inc. (0001652362) (Issuer)
4 - Infrastructure & Energy Alternatives, Inc. (0001652362) (Issuer)
4 - Infrastructure & Energy Alternatives, Inc. (0001652362) (Issuer)
4 - Infrastructure & Energy Alternatives, Inc. (0001652362) (Issuer)
4 - Infrastructure & Energy Alternatives, Inc. (0001652362) (Issuer)
4 - Infrastructure & Energy Alternatives, Inc. (0001652362) (Issuer)
4 - Infrastructure & Energy Alternatives, Inc. (0001652362) (Issuer)
4 - Infrastructure & Energy Alternatives, Inc. (0001652362) (Issuer)
4 - Infrastructure & Energy Alternatives, Inc. (0001652362) (Issuer)
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EFFECT - Infrastructure & Energy Alternatives, Inc. (0001652362) (Filer)
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POS AM - Infrastructure & Energy Alternatives, Inc. (0001652362) (Filer)
DA Davidson downgraded Infrastructure and Energy Alternatives from Buy to Neutral
Stifel downgraded Infrastructure and Energy Alternatives from Buy to Hold
Sidoti initiated coverage of Infrastructure and Energy Alternatives with a rating of Buy and set a new price target of $17.00
Stifel initiated coverage of Infrastructure and Energy Alternatives with a rating of Buy and set a new price target of $18.50
Guggenheim initiated coverage of Infrastructure and Energy Alternatives with a rating of Buy and set a new price target of $17.00
CORAL GABLES, Fla., Oct. 7, 2022 /PRNewswire/ -- MasTec (NYSE:MTZ) ("MasTec") and Infrastructure and Energy Alternatives, Inc. ("IEA") (NASDAQ:IEA) today announced that MasTec has completed the previously announced acquisition of IEA, one of the largest utility-scale renewable energy infrastructure solutions providers in North America, following approval by the IEA stockholders at a special meeting held on October 7, 2022. MasTec Completes the Acquisition of Infrastructure and Energy Alternatives, Inc.Jose Mas, MasTec's Chief Executive Officer, commented, "We are excited to announce the closing of the IEA transaction and look forward to expanding our green power construction and maintenance
CORAL GABLES, Fla. and INDIANAPOLIS, Sept. 6, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) ("MasTec") and Infrastructure and Energy Alternatives, Inc. ("IEA") (NASDAQ:IEA) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, for the previously announced acquisition of IEA by MasTec has expired. The expiration of the HSR waiting period was a condition to the closing of the pending transaction. Completion of the transaction is expected in October 2022, subject to the satisfaction of the remaining customary closing conditions, including approval of the transaction by IEA stockholders. About MasTec, Inc. MasTec is a leading infrastru
NEW YORK, NY / ACCESSWIRE / August 6, 2022 / Lifshitz Law PLLC:Evo Payments, Inc. (NASDAQ:EVOP)Lifshitz Law PLLC announces an investigation into possible breaches of fiduciary duty in connection with EVOP's sale to Global Payments Inc. for $34.00 per share.If you are an EVOP investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or email at [email protected] Energy, Inc. (NYSE:EGY)Lifshitz Law PLLC announces an investigation into possible breaches of fiduciary duty in connection to EGY's merger with TransGlobe Energy Corporation. Under the terms of the agreem
INDIANAPOLIS, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure company with renewable energy and specialty civil expertise, today announced results for the second quarter 2022. SECOND QUARTER 2022 HIGHLIGHTS (As compared to the Second Quarter 2021) On July 25, 2022, Announced Agreement to be Acquired by MasTec, Inc. (NYSE:MTZ)Total Revenues of $680.6 million, +21.5% y/yRenewables Backlog of $2.4 billion, +29.2% y/yTotal Backlog of $3.5 billion, +27.1% y/yNet Income of $17.0 million, versus $4.7 millionAdjusted EBITDA of $40.5 million, +13.6% Revenue increased by 21.5% on a year-o
Significantly Expands MasTec's Clean Energy & Infrastructure Segment Incremental Service Capabilities and Customer Base Adding Union Based Clean Energy Power Generation Services Expanding MasTec's Clean Energy Maintenance Service Offerings Bolsters Non-Union Craft Labor and Equipment Resource Capacity Strong Cultural Alignment and Experienced Leadership Team Transaction Expected to Close Late Q4 2022 and be Accretive to MasTec's 2023 Adjusted EPS Before Synergy Benefits, with Potential Revenue and Operational Synergies in 2024 and BeyondMasTec Updates Financial Guidance for the Second Half of 2022MasTec to Host Conference Call at 8:30 AM ET Monday, July 25, 2022, to Discuss the IEA Acquisit
INDIANAPOLIS, June 09, 2022 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure company with renewable energy and specialty civil expertise, today announced it was awarded a $126 million contract from the Illinois Department of Transportation ("IDOT"). The project will be jointly executed by White Construction and William Charles Construction, both wholly owned subsidiaries of IEA. The project covers phase two of the reconstruction of the I-57 and I-74 interchange in Champaign County, Illinois. The project includes pavement reconstruction, lane additions, and replacement of existing bridges. Work under the co
INDIANAPOLIS, June 07, 2022 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure company with renewable energy and specialty civil expertise, today announced that members of its executive management team will attend the Bank of America Clean Energy Conference on Monday, June 13, 2022. In conjunction with the event, IEA executives will be available to participate in one-on-one meetings with investors registered to attend the conference. For more information, please contact your Bank of America salesperson. ABOUT IEA Infrastructure and Energy Alternatives is a leading infrastructure construction company with
INDIANAPOLIS, June 02, 2022 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure company with renewable energy and specialty civil expertise, today announced that members of its executive management team will attend the following upcoming investor conferences: Stifel 2022 Cross Sector Insight Conference – June 9, 2022Sidoti & Company Summer Small-Cap Virtual Conference – June 16, 2022 In conjunction with each event, IEA executives will be available to participate in one-on-one meetings with investors registered to attend each conference. For more information, please contact your respective Stifel or Sidoti sa
INDIANAPOLIS, May 19, 2022 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure company with renewable energy and specialty civil expertise, today announced that members of its executive management team will attend the H.C. Wainwright Global Investment Conference on Wednesday, May 25, 2022. In conjunction with the event, IEA executives will be available to participate in one-on-one meetings with investors registered to attend the conference. For more information, please contact your H.C. Wainwright salesperson. ABOUT IEA Infrastructure and Energy Alternatives is a leading infrastructure construction compan
INDIANAPOLIS, May 09, 2022 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure company with renewable energy and specialty civil expertise, today announced results for the first quarter 2022. FIRST QUARTER 2022 HIGHLIGHTS(As compared to the First Quarter 2021) Record Total Revenues of $360.1 million, +30.3% y/yRecord Renewables Backlog of $2.1 billion, +7.0% y/yRecord Total Backlog of $2.9 billion, +10.1% y/yNet Loss of ($27.1) million, versus a Net Loss of ($20.4) millionAdjusted EBITDA of ($17.1) million, versus $3.4 millionIncreased 2022 Revenue Guidance to between $2.3 billion and $2.5 billion Revenue incre
INDIANAPOLIS, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure company with renewable energy and specialty civil expertise, today announced results for the second quarter 2022. SECOND QUARTER 2022 HIGHLIGHTS (As compared to the Second Quarter 2021) On July 25, 2022, Announced Agreement to be Acquired by MasTec, Inc. (NYSE:MTZ)Total Revenues of $680.6 million, +21.5% y/yRenewables Backlog of $2.4 billion, +29.2% y/yTotal Backlog of $3.5 billion, +27.1% y/yNet Income of $17.0 million, versus $4.7 millionAdjusted EBITDA of $40.5 million, +13.6% Revenue increased by 21.5% on a year-o
Significantly Expands MasTec's Clean Energy & Infrastructure Segment Incremental Service Capabilities and Customer Base Adding Union Based Clean Energy Power Generation Services Expanding MasTec's Clean Energy Maintenance Service Offerings Bolsters Non-Union Craft Labor and Equipment Resource Capacity Strong Cultural Alignment and Experienced Leadership Team Transaction Expected to Close Late Q4 2022 and be Accretive to MasTec's 2023 Adjusted EPS Before Synergy Benefits, with Potential Revenue and Operational Synergies in 2024 and BeyondMasTec Updates Financial Guidance for the Second Half of 2022MasTec to Host Conference Call at 8:30 AM ET Monday, July 25, 2022, to Discuss the IEA Acquisit
INDIANAPOLIS, May 09, 2022 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure company with renewable energy and specialty civil expertise, today announced results for the first quarter 2022. FIRST QUARTER 2022 HIGHLIGHTS(As compared to the First Quarter 2021) Record Total Revenues of $360.1 million, +30.3% y/yRecord Renewables Backlog of $2.1 billion, +7.0% y/yRecord Total Backlog of $2.9 billion, +10.1% y/yNet Loss of ($27.1) million, versus a Net Loss of ($20.4) millionAdjusted EBITDA of ($17.1) million, versus $3.4 millionIncreased 2022 Revenue Guidance to between $2.3 billion and $2.5 billion Revenue incre
INDIANAPOLIS, April 26, 2022 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company") a leading infrastructure company with renewable energy and specialty civil expertise, today announced that it will issue results for the first quarter 2022 after the market closes on Monday, May 9, 2022. Management will conduct a conference call on Tuesday, May 10, 2022 at 11:00 am Eastern Time to discuss the quarterly results. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.iea.net/. To listen to a live broadcast, go to the site at l
INDIANAPOLIS, March 07, 2022 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure company with renewable energy and specialty civil expertise, today announced results for the fourth quarter and full-year 2021. FOURTH QUARTER 2021 RESULTS(As compared to the Fourth Quarter 2020) Total Revenues of $544.1 million, +38.8% y/yNet Income of $31.7 million, versus a net loss of ($1.4) millionAdjusted EBITDA of $46.2 million, +59.1% y/yBacklog of $2.9 billion increased 41% y/y FULL-YEAR 2021 RESULTS (As compared to the Full-Year 2020) Total Revenues of $2,078.4 million, +18.6% y/yNet Loss of $(83.
INDIANAPOLIS, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company") a leading infrastructure company with renewable energy and specialty civil expertise, today announced that it will issue financial results for the fourth quarter and full-year 2021 after the market close on Monday, March 7, 2022. Management will conduct a conference call on Tuesday, March 8, 2022 at 11:00 am Eastern Time to discuss the quarterly and full-year results. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.iea.net/. To listen
INDIANAPOLIS, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced that it will issue its financial results for the third quarter ended September 30, 2021 after market close on Monday, November 8th. Management will conduct a conference call on Tuesday, November 9th at 11:00 am Eastern Time to discuss the quarterly results. To join the conference call, please dial (877) 407-0784 (domestic) or (201) 689-8560 (international) and ask for Infrastructure & Energy Alternatives' Third Quarter 2021 Earnings Conference Ca
INDIANAPOLIS, July 28, 2021 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced its financial results for the quarter ended June 30, 2021. Second Quarter Highlights Backlog increased by $86.0 million during the quarter to a record amount of $2.8 billion; the Company expects to recognize $1.8 billion of backlog over the next 12 months.Record quarterly revenue totaling $560.1 million, as compared to $480.6 million for last year's second quarter.Net income of $4.7 million, or $0.12 per diluted share, as compared to $3.6 millio
INDIANAPOLIS, May 10, 2021 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) ("IEA" or the "Company"), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced its financial results for the quarter ended March 31, 2021. 2021 First Quarter Highlights Backlog increased by $606.3 million during the quarter to a record amount of $2.7 billion; the Company expects to realize $1.9 billion of this backlog in the next 12 months.Revenue totaled $276.4 million, as compared to $358.2 million for last year's first quarter.Operating loss of $(8.3) million, as compared to income of $3.6 million for last year's first q
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According to Benzinga Pro, during Q2, Infrastructure and Energy (NASDAQ:IEA) earned $16.97 million, a 162.68% increase from the preceding quarter. Infrastructure and Energy also posted a total of $680.60 million in sales, a 89.0% increase since Q1. In Q1, Infrastructure and Energy brought in $360.10 million in sales but lost $27.07 million in earnings. Why Is ROCE Significant? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or
Infrastructure and Energy (NASDAQ:IEA) reported quarterly earnings of $0.31 per share. This is a 158.33 percent increase over earnings of $0.12 per share from the same period last year. The company reported $680.60 million in sales this quarter. This is a 21.50 percent increase over sales of $560.15 million the same period last year.
Upgrades According to Edward Jones, the prior rating for NiSource Inc (NYSE:NI) was changed from Hold to Buy. For the first quarter, NiSource had an EPS of $0.75, compared to year-ago quarter EPS of $0.77. The stock has a 52-week-high of $32.59 and a 52-week-low of $26.37. At the end of the last trading period, NiSource closed at $29.20. Benchmark upgraded the previous rating for Schlumberger Ltd (NYSE:SLB) from Hold to Buy. For the second quarter, Schlumberger had an EPS of $0.50, compared to year-ago quarter EPS of $0.30. The current stock performance of Schlumberger shows a 52-week-high of $49.83 and a 52-week-low of $29.98. Moreover, at the end of the last trading period, the clos
Guggenheim analyst Shahriar Pourreza downgrades Infrastructure and Energy (NASDAQ:IEA) from Buy to Neutral and announces $14 price target.
Credit Suisse analyst Jamie Cook lowered the price target on MasTec, Inc. (NYSE:MTZ) to $102 (an upside of 44%) from $103 while maintaining the Outperform rating in the shares. MTZ announced the acquisition of Infrastructure & Energy Alternatives Inc (NASDAQ:IEA) in a cash-and-stock transaction valued at $14 per IEA share and composed of 75% cash and 25% stock. The analyst believes IEA aligns with the company's strategy to strengthen its positioning and profitability outside of Oil & Gas, particularly with IEA solving for Renewables and Henkels & McCoy in Power Delivery. Related: MasTec Acquires Infrastructure And Energy Alternatives For $1.1B Cook believes the price for IEA was reason
Credit Suisse analyst Jamie Cook lowered the price target on MasTec, Inc. (NYSE:MTZ) to $102 (an upside of 44%) from $103 while maintaining the Outperform rating in the shares. MTZ announced the acquisition of Infrastructure & Energy Alternatives Inc (NASDAQ:IEA) in a cash-and-stock transaction valued at $14 per IEA share and composed of 75% cash and 25% stock. The analyst believes IEA aligns with the company's strategy to strengthen its positioning and profitability outside of Oil & Gas, particularly with IEA solving for Renewables and Henkels & McCoy in Power Delivery. Related: MasTec Acquires Infrastructure And Energy Alternatives For $1.1B Cook believes the price for IEA was reason
Upgrades For Agile Therapeutics Inc (NASDAQ:AGRX), Maxim Group upgraded the previous rating of Hold to Buy. For the first quarter, Agile Therapeutics had an EPS of $3.78, compared to year-ago quarter EPS of $8.00. The stock has a 52-week-high of $4.37 and a 52-week-low of $0.11. At the end of the last trading period, Agile Therapeutics closed at $0.50. According to JP Morgan, the prior rating for Zymergen Inc (NASDAQ:ZY) was changed from Underweight to Neutral. Zymergen earned $0.70 in the first quarter, compared to $6.51 in the year-ago quarter. The stock has a 52-week-high of $7.03 and a 52-week-low of $1.10. At the end of the last trading period, Zymergen closed at $2.32. See all analy
Stifel analyst Noelle Dilts downgrades Infrastructure and Energy (NASDAQ:IEA) from Buy to Hold and announces $14 price target.
DA Davidson analyst Brent Thielman downgrades Infrastructure and Energy (NASDAQ:IEA) from Buy to Neutral and lowers the price target from $15 to $14.
Gainers GeoVax Labs, Inc. (NASDAQ:GOVX) jumped 150.4% to close at $1.59 on Monday after declining 8% on Friday. Redbox Entertainment Inc. (NASDAQ:RDBX) shares climbed 82% to close at $5.55 on Monday after dropping 12% on Friday. Virax Biolabs Group Limited (NASDAQ:VRAX) gained 62.5% to settle at $16.80. Nano Labs Ltd (NASDAQ:NA) jumped 55.5% to close at $10.56. Revelation Biosciences, Inc. (NASDAQ:REVB) gained 55.4% to close at $1.01 on Monday after the company announced that primary endpoint was met in study for its treatment of allergic rhinitis. Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) jumped 45.4% to close at $1.73 after WHO declared Monkeypox a public health emergenc