Infrastructure and Energy Alter with ticker code (IEA) have now 5 analysts in total covering the stock. The consensus rating is ‘Strong_Buy’. The target price ranges between 17 and 12 with the average target price sitting at 14.4. Now with the previous closing price of 9.22 this would indicate that there is a potential upside of 56.2%. The 50 day MA is 9.13 and the 200 moving average now moves to 10.43. The market cap for the company is $439m. You can visit the company’s website by visiting: https://www.iea.net
The potential market cap would be $685m based on the market concensus.
Infrastructure and Energy Alternatives, through its 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, Renewables and Specialty Civil. The Renewables segment provides a range of services, including 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 environmental remediation services, such as site development, environmental site closure, and outsourced contract mining and coal ash management services; rail infrastructure services, including planning, design, procurement, construction, and maintenance of infrastructure projects for railway and intermodal facilities; and heavy civil construction services consisting of road and bridge construction, specialty paving, and industrial maintenance, as well as other local, state, and government projects. The company was founded in 1947 and is headquartered in Indianapolis, Indiana.
