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$PWR
QUANTA SERVICES, INC.
Quanta Services provides infrastructure design, engineering, procurement, construction, upgrade, repair and maintenance services for utility, power generation, large load center, manufacturing, communications, pipeline and energy customers. It operates primarily in the United States, with operations in Canada, Australia and select other international markets, and is headquartered in Houston, Texas. Its two segments are Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions. Electric services include work on power grids, substations, renewable generation, battery storage, communications networks and electrical systems for large facilities. Underground and Infrastructure provides services for gas utilities, pipelines, industrial energy facilities, civil infrastructure and mechanical, plumbing and process systems at large load centers. Quanta also offers emergency restoration, aviation and training services, and manufactures power transformers and other equipment. It earns money primarily by performing contracted services under master service agreements, repair and maintenance contracts, and fixed-price and non-fixed-price construction and engineering contracts.
Oppenheimer kept its Outperform rating on Quanta Services but reduced its price target from $835 to $800. This new target suggests a 28.9% upside from the Oct 30 close of $620.73. Other recent analyst price targets for Quanta range from $830 to $967.
Jefferies cut its price target on Quanta Services (PWR) to $760 from $833, keeping a Buy rating. The firm raised EPS estimates for 2027-2030 by 9-11%, projecting 16.2% CAGR. Quanta's Q3 2026 earnings beat estimates, with revenue up 57% YoY and adjusted EBITDA up 69%. The company raised its full-year outlook, citing a record $64B backlog.
Citigroup kept its Buy rating on Quanta Services and increased its price target to $882 from $871. This represents a 42.1% upside from the stock's Oct 30 close of $620.73. Other recent analyst price targets for the company range from $830 to $967.
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PWR sentiment & insider activity
Over the past 7 days, AlphAI's AI scored 19 news stories mentioning PWR (QUANTA SERVICES, INC.). Coverage has skewed bullish: 14 bullish, 4 neutral, and 1 bearish.
Recent PWR coverage spans financial news, earnings and corporate actions.
What's driving PWR
Target cut with an unchanged Outperform rating suggests modest valuation de-risking rather than a thesis break.
Record backlog and guidance on when large 765kV transmission projects may be booked support a constructive near-term demand outlook, but timing uncertainty keeps upside capped.
AlphAI scores every news story that mentions PWR with an AI model for sentiment and relevance, and aggregates insider trades from QUANTA SERVICES, INC.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Oppenheimer kept its Outperform rating on Quanta Services but reduced its price target from $835 to $800. This new target suggests a 28.9% upside from the Oct 30 close of $620.73. Other recent analyst price targets for Quanta range from $830 to $967.
Jefferies cut its price target on Quanta Services (PWR) to $760 from $833, keeping a Buy rating. The firm raised EPS estimates for 2027-2030 by 9-11%, projecting 16.2% CAGR. Quanta's Q3 2026 earnings beat estimates, with revenue up 57% YoY and adjusted EBITDA up 69%. The company raised its full-year outlook, citing a record $64B backlog.
Citigroup kept its Buy rating on Quanta Services and increased its price target to $882 from $871. This represents a 42.1% upside from the stock's Oct 30 close of $620.73. Other recent analyst price targets for the company range from $830 to $967.
Quanta Services Inc (PWR) reported a record $64 billion backlog, with CEO Duke Austin attributing growth to broad-based demand, including renewables and a NYSERDA program. He expects future growth from large transmission and generation projects. Austin also highlighted the company's data center market involvement, with expanding scope and higher spending per location. Quanta is targeting 15-20% EPS CAGR through 2030, with current performance above expectations.
PWR filed an 8-K with the SEC on October 29, 2026, reporting corporate changes and voting matters. The filing is available on the SEC website and linked to PWR's profile on Yahoo Finance.
Quanta Services (PWR) and WEC Energy (WEC) rose 6% and 5% respectively after reporting earnings beats. Quanta reported adjusted earnings of $6.06 per share on revenue. WEC's earnings were not specified.
Quanta Services Inc. (PWR) reported Q3 profit of $694.9M, or $4.55 per share, beating estimates of $5.03 per share. Adjusted EPS was $6.06. Revenue was $12.01B, exceeding forecasts of $10.99B, according to Zacks Investment Research.
Truist Securities raised its price target on Quanta Services (NYSE:PWR) to $960, citing double-digit EPS growth potential and expanding market opportunities. Revenue grew 26% to $32.9B in the last year, but the stock trades at a high P/E of 64.6. Other analysts also issued positive updates, with targets ranging from $775 to $900. The company aims for $10B-$12B in free cash flow by 2030 for acquisitions and shareholder returns.
Goldman Sachs lowered its price target for Quanta Services from $902 to $781. The stock has seen a 5-day change of +0.86% and a 1-year change of -8.99%. President Capital initiated coverage with a Buy rating and a $776 price target.
SpaceX is reportedly seeking a $40 billion debt package to purchase Nvidia chips, with $10 billion in bank loans and $30 billion in investment-grade debt. This follows similar large financing moves by Broadcom, Oracle, and CoreWeave for AI hardware. The AI boom is driving a new market for financing AI infrastructure, with suppliers like Nvidia, Broadcom, Vertiv, and Quanta Services benefiting from upfront payments.