$PWR

JPMorgan's Stephen Parker notes market leadership expanding beyond the Magnificent Seven, with infrastructure providers like Quanta Services (PWR), GE Vernova (GEV), Eaton (ETN), and Cisco (CSCO) reporting strong AI-related growth. Quanta's Q2 EPS beat estimates by 40%, while Eaton's data-center backlog suggests 15 years of supply. Cisco expects $9.3B in AI infrastructure orders for FY2026. Walmart (WMT) also highlights AI-driven efficiency gains.

U.S. data center power demand is projected to nearly double by 2027, according to Goldman Sachs. Quanta Services (PWR) and MasTec (MTZ) are expanding transmission infrastructure, while Vertiv (VRT) and Bloom Energy (BE) focus on cooling and on-site power generation. These companies are positioned to benefit from AI's growing power needs.

Quanta Services (PWR) shares fell 3.2% as investors assessed recent debt financing and acquisitions. The company reported Q2 2026 revenue of $9.56B, EPS of $4.24, and raised full-year guidance. It completed four acquisitions and raised $2.0B in senior notes, which may have contributed to the decline.

Zacks Investment Research highlights Quanta Services (PWR) and Comfort Systems USA (FIX) as top-ranked AI-powered construction stocks with strong short-term upside. PWR expects $39.3B-$39.7B revenue and $16.45-$16.95 EPS for 2026, with a record backlog of $53.4B. FIX reports a 73.2% year-over-year backlog increase to $14.06B and anticipates mid- to high-30% same-store revenue growth for 2026.

Quanta Services (PWR) reported Q2 2026 results, highlighting acquisitions totaling $1.24B, expected to contribute $1.2B-$1.4B in 2026 revenue. The company also authorized a $1B share repurchase program, maintained its dividend, and saw its credit rating upgraded by Moody's. Quanta's backlog stands at $53.4B, with strong cash flow and growth prospects in MEP, EPC, and renewables. PWR stock has gained 20.7% in six months, with upward earnings revisions for 2026 and 2027.

Quanta Services (PWR) stock rose 17.3% on July 30 after Q2 2026 earnings beat estimates, with revenue at $9.6B and EPS at $4.24. The company raised full-year guidance. Analysts rate it 'Strong Buy' with a mean target of $808.88, implying 22% upside. PWR has outperformed the S&P 500 and XLI ETF over the past year and 2026.

The article argues that AI growth depends on electricity generation and grid expansion, citing U.S. electricity consumption records and long transformer lead times. It highlights GE Vernova (GEV) orders of $24.2B in Q2 and $176B backlog, Quanta Services (PWR) Q2 revenue $9.56B and $53.4B backlog, and Hubbell (HUBB) Q2 sales $1.71B and raised FY outlook.

Simply Wall St says Quanta Services (PWR) rose 9.3% after reporting Q2 results. The article states backlog increased about 50% year over year to $53.40 billion, tied to AI-related energy infrastructure and grid expansion. It cites guidance revisions projecting adjusted EPS more than doubling by 2030 and forecasts $46.7 billion revenue and $2.4 billion earnings by 2029.

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.