Granite Construction (GVA) traded higher as investors focused on continued contract-award momentum, including a Nevada Department of Transportation (NDOT) progressive design-build preconstruction services agreement tied to the long-running I-80 East widening corridor. The agreement adds to a drumbeat of public-infrastructure wins and reinforces the market narrative that Granite’s bidding pipeline and multi-year project visibility are improving. (graniteconstruction.com)

The rally is also being underpinned by Granite’s latest full-year results and outlook, where the company reported a record $7.0 billion in Committed and Awarded Projects (CAP) at year-end 2025 and guided to 2026 revenue of $4.9 billion to $5.1 billion with an adjusted EBITDA margin target of 12% to 13%. With a meaningful portion of CAP expected to be recognized in 2026, investors are treating backlog strength and margin targets as a key near-term catalyst for the shares. (investor.graniteconstruction.com)

Near-term attention is likely to stay on incremental contract announcements, the pace at which CAP converts into revenue, and whether project mix and execution can sustain the margin improvement implied in management’s 2026 targets. Any additional updates on delivery methods, materials performance, or tuck-in acquisitions could further influence sentiment given the company’s stated intent to pursue more deals in 2026. (investor.graniteconstruction.com)