Financial PerformanceThe company's backlog has decreased, indicating a sluggish beginning to the quarter, which could signal a potential downturn in business momentum.
Operational ChallengesThe company is facing multiple challenges, including a downturn in the Canadian power segment, increased costs due to labor and equipment investments, and a decrease in pipeline projects, which could adversely affect future earnings.
Valuation ConcernsThe stock's current valuation hinges on the expectation of maintaining strong growth for an extended period, which may be overly optimistic and pose a risk to investors.