Infrastructure and Energy Alternatives Inc
IEAWW
NASDAQ Capital Market1.65
USD
-0.13
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Infrastructure and Energy Alternatives Inc
IEAWW
(NASDAQ Capital Market)
Recent
price
1.65
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Infrastructure and Energy Alternatives, Inc. is a diversified infrastructure construction company primarily engaged in engineering, procurement, and construction (EPC) services for the renewable energy, traditional power, and civil infrastructure industries. The company operates through two main segments: Renewables and Specialty Civil. Its Renewables segment offers comprehensive EPC project delivery, including design, site development, construction, installation, and maintenance services for utility-scale wind and solar energy projects. The Specialty Civil segment provides environmental remediation services, rail infrastructure construction and maintenance, heavy civil construction including roads and bridges, specialty paving, industrial maintenance, and other public and private infrastructure projects across the United States. Founded in 2011 and headquartered in Indianapolis, Indiana, IEA has completed over 260 utility-scale renewable energy projects across North America. In terms of recent developments, Infrastructure and Energy Alternatives was acquired by MasTec, Inc. in 2022 for approximately $1.1 billion, significantly expanding MasTec’s clean energy and infrastructure capabilities. This acquisition added union-based clean energy power generation services to MasTec’s portfolio and enhanced its clean energy maintenance service offerings while bolstering craft labor and equipment capacity. The acquisition also expanded IEA’s footprint and service offerings in heavy civil and rail infrastructure construction, environmental remediation, and industrial maintenance. Following this, the company has continued to grow its operations across the United States, maintaining strong relationships with a diverse blue-chip customer base and advancing its full spectrum of delivery models including turnkey, design-build, and balance of plant services. IEA’s core products and services include engineering, procurement, and construction of renewable energy facilities (solar and wind); installation of high-voltage transmission lines and substations; environmental remediation and site development; industrial facility construction and maintenance; rail and transportation infrastructure construction; and specialty civil construction such as roads, bridges, and specialty paving. Its capabilities also extend to safety plan development, system performance testing, project commissioning, and consulting services related to the energy lifecycle and infrastructure projects. The company’s strategic focus on renewable energy infrastructure alongside heavy civil construction positions it as a leader serving utility, industrial, and government customers throughout the U.S. Their broad scope of services and enhanced in-house capabilities support the entire energy infrastructure construction process, from feasibility and design through to construction and maintenance, reinforcing IEA’s reputation in the industry since its founding and incorporation into MasTec’s broader clean energy platform.