Granite Construction Inc

After late-July capitulation, GVA has formed a Post-Capitulation base at the oversold $119–$120 support cluster, signaling selling exhaustion and medium-term mean-reversion potential. However, price remains below the 9- and 20-EMA resistance in a choppy range, calling for patience and deferred entry (Stalk) ahead of a clear breakout and acceptance above EMAs, while the long-term uptrend remains intact above the 200-SMA.

• ↑Q1 2026 revenue rose 30% YoY to $912M, driven by strong project starts.
• ↑Backlog reached $7.2B, providing clear revenue visibility through 2026.
• ↓Execution challenges risk shifting work and delaying margin recognition.