Infrastructure and Energy Alter with ticker code (IEA) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The target price ranges between 18 and 16 and has a mean target at 17. Given that the stocks previous close was at 12.25 this is indicating there is a potential upside of 38.8%. There is a 50 day moving average of 9.68 while the 200 day moving average is 11.13. The company has a market capitalisation of $606m. Visit the company website at: https://www.iea.net
The potential market cap would be $841m based on the market concensus.
Infrastructure and Energy Alternatives, 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 through the Renewables and the Specialty Civil segments. The Renewables segment specializes in a range of services that include full EPC project delivery, design, site development, construction, installation, and maintenance 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 servicesluding 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. The company was founded in 1947 is headquartered in Indianapolis, Indiana.
