$PWR

Quanta Computer and Quantinuum signed a collaborative development agreement to build hardware infrastructure for future Quantinuum trapped-ion quantum computers. The work targets more modular, manufacturable, and scalable systems, combining Quantinuum’s QCCD trapped-ion approach with Quanta’s experience in manufacturing computing and cloud infrastructure. Quantinuum’s H2 reports 56 fully connected qubits and two-qubit gate fidelity above 99.9%.

Simply Wall St reports Quanta Services (PWR) priced a multi-tranche senior notes offering and raised its full-year free cash flow outlook, alongside higher consensus earnings estimates. The article cites results supported by utility and infrastructure spending and compares valuation metrics, including a $685.78 close versus a $710 fair value and a 77.7x P/E versus peers.

Goldman Sachs highlighted several stocks as buy ideas after their 2Q earnings, including Loar Holdings, Toast, MasTec, Quanta Services, and Stubhub. For Loar, it cited 2026 revenue, EBITDA and EPS guidance above consensus. For MasTec, Goldman cut its price target to $409 but kept a Buy. For Stubhub, it reiterated a Buy and 12-month PT of $16.

Investing.com cites Bernstein analysts saying U.S. data center construction could rise from 12 GW in 2026 to 35 GW by 2030, but labor shortages in mechanical, electrical and plumbing trades may cap growth. Bernstein estimates 100 MW projects need about 90 such workers. The article flags overbuild risk for power-equipment suppliers, naming Caterpillar (CAT) and Cummins (CMI), and potential benefits for Eaton, Schneider Electric, Vertiv, Quanta Services, Comfort Systems USA and EMCOR.

Quanta Services (PWR) raised its 2026 free cash flow outlook to $2.0-$2.5B from $1.55-$2.05B, citing improved cash generation and contracting terms. First-half FCF was $1.07B vs $288M a year earlier. Management expects operating cash flow of $2.9-$3.4B and about $900M net capex. Working-capital conversion improved, with DSO at 57 days.

Baron Asset Fund’s Q2 2026 investor letter said its fund rose 18.98% in Q2, helped by stock selection, and highlighted Quanta Services (PWR). The letter cited strong Q1 results and raised full-year guidance, targeting mid-to-high teens earnings growth through decade end. PWR closed Aug. 13, 2026 at $672.78, up 76.67% over 52 weeks.

Quanta Services (PWR) reported strong performance, citing a 25% adjusted EPS CAGR and a $53.4B backlog. The company attributed growth to its self-perform infrastructure model and strategic acquisitions, and said it has robust cash flow and a diverse customer base. Management highlighted a $2.4T total addressable market and sustainability focus.

Jefferies raised its price target on Quanta Services to $833 from $784 and kept a Buy rating, according to the firm. The update matters for traders as it signals a revised valuation view on the NYSE-listed electrical infrastructure contractor.

Bernstein kept Outperform ratings on Legence (LGN, PT $103), Eaton (ETN, PT $534), Hubbell (HUBB, PT $584) and Vertiv (VRT, PT $368), and Market-Perform on Quanta Services (PWR, PT $748), citing modularization in data centers to address MEP craft labor constraints. It links labor limits to higher capacity additions and notes recent earnings and guidance updates for several firms.

NVIDIA (NVDA) outlined an 800 VDC power distribution architecture for AI data centers, aiming to reduce energy losses from AC-to-DC conversion. The company said it was developed with Microsoft (MSFT) and Alphabet (GOOGL) via the Open Compute Project. Eaton (ETN) and Vertiv (VRT) rose; Eaton has a $502 target from Evercore and raised 2028 EPS estimate to $20.29.