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MasTec Shares Jump 11% While Negative Cash Flow Challenges $21.4 Billion Order Backlog
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MasTec Shares Jump 11% While Negative Cash Flow Challenges $21.4 Billion Order Backlog
CORAL GABLES, Florida, August 16, 2026, 18:36 EDT MasTec stock rose 10.9% over the past week, finishing Friday’s session at $297.59. The company’s backlog of $21.4 billion represents 118% of its projected 2026 revenue. Free cash flow was negative at $59 million in the second quarter. MasTec, Inc. (NYSE:MTZ) jumped 10.9% over the past week,…
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