Shares of Everus Construction Group (NYSE: ECG) are trading higher today as bullish positioning builds around the company’s multi-year demand setup in power, electrical, and related infrastructure tied to data-center expansion. A key recent tailwind is incremental sell-side optimism: Stifel lifted its price target to $153 (from $144) while keeping a Buy rating, citing confidence in the multi-year data-center build opportunity following investor meetings with management.

Another fresh driver in the tape is Everus’ April 2 acquisition of SE&M (SE&M Constructors, SE&M of the Triangle, and SECO Rentals) for $158 million in cash. The deal expands Everus’ mechanical, electrical and plumbing footprint in the Southeast and adds exposure to industrial, pharmaceutical, and healthcare end markets, with SE&M described as having an attractive margin profile and a backlog trend that supports growth visibility. Everus said it plans to update its 2026 financial forecast during its first-quarter earnings report.

Near term, traders are likely to focus on whether management’s next update reinforces strong backlog conversion and margin trajectory, especially as investors increasingly frame Everus as a beneficiary of data-center-driven electrical demand and broader grid/infrastructure spending. The next major catalyst is the company’s upcoming first-quarter earnings event in May 2026, when investors will look for any forecast changes and early integration commentary on SE&M.