Geopolitical shocks can quickly reshape how investors view large infrastructure and construction stocks, especially when energy assets, supply routes, and project risk are in the spotlight. The latest escalation between Russia and Ukraine, including drone attacks on a major Moscow oil refinery, has sharpened attention on global energy security, logistics, and critical infrastructure resilience. This article looks at how that backdrop may affect a select group of global infrastructure and construction stocks and identifies three stocks from the screener that appear positively exposed to this news-driven theme.

Flowserve (FLS)

Overview: Flowserve is a US industrial company that designs and services pumps, valves, seals, and monitoring systems that keep refineries, power plants, chemical facilities, and water infrastructure running safely and reliably worldwide.

Operations: Flowserve generates most of its roughly US$4.7b in revenue from the Flowserve Pump Division at about US$3.2b, with the Flow Control Division contributing about US$1.5b and small eliminations between segments.

Market Cap: US$10.1b

Flowserve gives you exposure to core energy and water infrastructure at a time when refineries, power projects, and pipelines are under pressure to improve uptime, safety, and energy security, especially after high profile attacks on key oil assets. The company is leaning into higher margin services and digital monitoring, supported by record nuclear and power project activity and an engaged activist investor pushing for sharper execution. At the same time, recent sales softness, a large one off loss of US$298.4m, and meaningful reliance on external borrowing mean execution on margin targets and cash generation really matters. If Flowserve continues to sharpen its operations while serving essential assets, the gap between its potential and current market expectations becomes the key question for investors to examine more closely.

Flowserve’s push into higher margin services and digital monitoring, combined with its essential energy and water assets, could be masking a bigger story around profitability and execution. Get the full picture in the 3 key rewards and 1 important warning sign

VSE (VSEC)

Overview: VSE Corporation is a US based aviation services company that supplies aftermarket aircraft parts and provides maintenance, repair, and overhaul support to commercial airlines, cargo carriers, government operators, and business aviation customers around the world.

Operations: VSE currently generates about US$1.2b in revenue from its Aviation segment.

Market Cap: US$6.2b

VSE puts you right at the intersection of rising aviation aftermarket demand and heightened focus on transport and defense readiness, which can matter more as geopolitical tensions increase. Acquisitions in aviation distribution and MRO, deeper ties with OEMs, and expanding proprietary repair capabilities are aimed at building recurring, higher margin revenue, while recent guidance and earnings point to strong top line momentum. At the same time, a high P/E multiple, heavier use of debt for deals, and greater reliance on aviation and legacy engines raise the stakes if integration stumbles or industry conditions change. For investors tracking infrastructure and construction related plays, the key question is whether VSE’s execution can justify its premium and new risk profile over time.

VSE’s accelerating aftermarket story, premium P/E, and heavier deal making create a powerful but fragile mix. See how the analyst forecasts for VSE stacks up against its new risk profile before the mood shifts.

EnerSys (ENS)

Overview: EnerSys supplies industrial batteries and energy storage systems that keep data centers, telecom networks, warehouses, transport fleets, and defense equipment powered and online, especially when the grid or physical infrastructure is under stress.

Operations: EnerSys generates about US$1.7b from Energy Systems, US$1.4b from Motive Power, US$665.1m from Specialty products, and a small US$4.2m from Corporate and Other.

Market Cap: US$8.3b

EnerSys sits at the crossroads of resilient infrastructure and electrification, which matters more when geopolitical shocks put energy supply and mission critical facilities in the spotlight. The company is experiencing growing demand for backup power in data centers and communications, record earnings, and new lithium systems tailored to AI heavy workloads. Cost savings and a forecast ROE above 20% indicate an improvement in profitability quality. At the same time, earnings declined in the past year, growth leans on acquisitions, and all liabilities are funded through external borrowing, which can raise financial risk if demand cools. That combination of strong fundamentals, clear growth end markets, and ongoing execution questions makes EnerSys a candidate for closer examination within this screener theme.

EnerSys looks like an infrastructure workhorse, but its push into data center backup, AI focused lithium systems, and a forecast ROE above 20% hints at a bigger story in the analyst forecasts for EnerSys that few investors have fully pieced together yet.

The three stocks in this article are only a starting point, as the full Global Infrastructure and Construction Stocks screener surfaces 19 more large infrastructure and construction companies with equally compelling narratives across energy security, logistics, and resilience. Use Simply Wall St to identify and analyze the specific catalysts, balance sheet strength, and project exposures that matter most to you so you can focus on the ideas in this theme that you have the highest conviction in.

Take Control of Your Investment Journey

If EnerSys or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

Seeking Fresh Alternatives Before They Fly?

Fresh stock ideas can move from quiet accumulation to full breakout faster than many investors expect. Early momentum can be absorbed quickly, so review these curated picks promptly.

• Spot potential turnarounds early by scanning a curated pool of 45 high quality undervalued stocks that could appeal to investors who move before the wider market takes notice.
• Focus on long term payout potential by reviewing a carefully filtered group of 8 dividend fortresses that prioritize steady income while they are still relatively overlooked.
• Target resilient compounding by reviewing a hand picked 66 resilient stocks with low risk scores designed to help keep you invested when volatility affects other portfolios.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.