Research
JPMorgan Downgrades Quanta Services to Neutral From Overweight, Cuts Price Target to $714 From $805
Quanta Services (PWR) has an average rating of overweight and mean price target of $803.46, according to analysts polled by FactSet.
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13 stories mentioning PWRUpdated 9d ago
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Wire
Jefferies Adjusts Price Target on Quanta Services to $784 From $857, Maintains Buy Rating
Quanta Services (PWR) has an average rating of overweight and mean price target of $803.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $654.50, Change: $-13.67, Percent Change: -2.05%
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US Markets
Machinery, Infra Service, Multi-Industry Companies Set for Positive Quarterly Prints, Truist Says
Upcoming quarterly results of major companies in the machinery, infrastructure services and multi-industry domains are poised to benefit from a continued expansion in the US manufacturing sector and strong demand trends, Truist Securities said Thursday.The manufacturing sector has now expanded for six straight months following a three-year contraction, according to the brokerage."Demand trends remain strong across the group, with continued support from secular growth tailwinds associated with power, data center, (artificial intelligence), aerospace and defense, (heating, ventilation, and air conditioning), and infrastructure," Truist analysts, including Jamie Cook, said in a note to clients.These are complemented by improving demand across construction, commercial vehicles, semiconductors, oil and gas, as well as mining, according to Cook."While farm equipment markets remain depressed in 2026, there is some optimism for market improvement above the trough heading into 2027," Cook wrote. "We expect order trends in the second quarter to remain strong and that strength in orders should begin to translate more into organic growth, which has lagged."Within machinery, Caterpillar (CAT) is likely to deliver another strong quarter and beat sales and margin outlook, driven by power and construction business, as well as reaccelerating oil and gas, and mining divisions, according to the note."For farm equipment, we believe the focus will be more on the setup for 2027 and Deere's (DE) commentary on the early order program for 2027 after disappointing in 2026," Cook said.Truist expects infrastructure solutions company Quanta Services (PWR) to post an earnings beat and raise guidance. Underappreciated data center and pipeline opportunities are likely key upside drivers for MasTec (MTZ), according to Truist. "MasTec has already communicated to the market confidence in its ability to grow (earnings per share) at a 20% (compound annual growth rate) through 2028," Cook wrote.The brokerage said it would be buyers of Parker-Hannifin (PH) at existing levels."We believe (Parker-Hannifin's) modestly disappointing industrial incremental margins were contained in the last quarter and that the setup for (2027) is strong, with the potential to deliver healthy incrementals in both industrial and aerospace," Cook said.Price: $956.71, Change: $-34.70, Percent Change: -3.50%
$CAT$DE$MTZ$PH$PWR
Research
Oppenheimer Upgrades Quanta Services to Outperform From Perform, Price Target is $800
Quanta Services (PWR) has an average rating of overweight and mean price target of $802.79, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
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Research
CICC Initiates Quanta Services at Outperform With $872 Price Target
Quanta Services (PWR) has an average rating of overweight and mean price target of $802.91, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
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Wire
NextEra, Dominion Merger Reinforces Power Infrastructure Supercycle Thesis, Wedbush Says
NextEra Energy (NEE) and Dominion Energy's (D) merger shows that the "AI-driven power demand supercycle is not a cyclical trade but a decades-long infrastructure build," Wedbush said in a note Monday.In the grid infrastructure and data center space, Quanta Services (PWR) and Willdan (WLDN) will be direct beneficiaries of the deal, Wedbush said, adding that a combined NextEra and Dominion spanning Florida, Virginia, North Carolina, and South Carolina will need a "sustained acceleration in transmission, substation, and distribution buildout."In the equipment and power management sector, Vertiv (VRT) and Eaton (ETN) are poised to benefit from scale procurement, the note said, adding the combined company's emphasis on "supply chain scale and procurement efficiency points directly to accelerating orders for thermal management, power conversion, and switchgear."In the power generation and fuel supply space, Constellation Energy (CEG), Vistra (VST), and Talen Energy (TLN) will likely also benefit from "demand confirmation," Wedbush said, adding the deal's "explicit framing of surging large-load demand" will support independent power producers serving the same Mid-Atlantic and Southeast regions.Meanwhile, for the materials and enabling technologies sector, the "nuclear infrastructure thesis" will likely be boosted, Wedbush said, as the combined company's position as the second largest in US nuclear generation will back the "long-term investment case for the nuclear supply chain."Cameco (CCJ), BWX Technologies (BWXT), and NuScale Power (SMR) are the companies most directly linked to nuclear fuel, services, and reactor deployment, the note said.Price: $88.37, Change: $-5.00, Percent Change: -5.35%
$BWXT$CCJ$CEG$D$ETN$NEE$PWR$SMR$TLN$VRT$VST$WLDN
Insider Trading
Quanta Services Insider Sold Shares Worth $120,216,530, According to a Recent SEC Filing
Earl C. Austin Jr., Director, President and Chief Executive Officer, on May 05, 2026, sold 155,992 shares in Quanta Services (PWR) for $120,216,530. Following the Form 4 filing with the SEC, Austin has control over a total of 569,411 common shares of the company, with 556,911 shares held directly and 12,500 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1050915/000147320326000009/xslF345X05/wk-form4_1778193833.xml
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Insider Trading
Quanta Services Insider Sold Shares Worth $3,027,920, According to a Recent SEC Filing
Paul Nobel, Chief Accounting Officer and Senior Vice President, on May 04, 2026, sold 4,000 shares in Quanta Services (PWR) for $3,027,920. Following the Form 4 filing with the SEC, Nobel has control over a total of 8,035 common shares of the company, with 8,035 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1050915/000124729526000009/xslF345X05/wk-form4_1778106815.xml
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Wire
Jefferies Adjusts Price Target on Quanta Services to $857 From $654, Maintains Buy Rating
Quanta Services (PWR) has an average rating of overweight and mean price target of $778.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $747.48, Change: $+5.27, Percent Change: +0.71%
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Research
Research Alert: CFRA Lowers Opinion On Shares Of Quanta Services, Inc. To Hold From Buy
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $158 to $773, which is 52.6x our next-12-month EPS estimate of $14.70. We also lift our 2026 EPS by $0.93 to $14.31 and 2027's by $1.18 to $16.74. Our move to Hold partially reflects our difficulty in justifying valuation levels that could offer sufficient upside after surging 15.8% on Q1 results. Both sides of the valuation equation in our updated $773 target are considerably higher than those in our prior $615 target, which was calculated using a 46.0x multiple on $13.38 EPS. Even after increasing the multiple by 14.3% and EPS by 9.9%, we only see ~4% upside at current levels. While PWR's fundamentals remain strong with record backlog and solid execution, the risk/reward profile has shifted to neutral. This is due to mounting concerns around data center project delays/cancellations (industry estimates suggest 30%-50% of 2026 projects are at risk), increasing exposure to fixed-price contract cost overruns, and growing difficulty collecting disputed change orders from customers.
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Wire
B. Riley Adjusts Price Target on Quanta Services to $715 From $565, Maintains Neutral Rating
Quanta Services (PWR) has an average rating of overweight and mean price target of $711.32, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $723.29, Change: $-4.48, Percent Change: -0.62%
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Research
Research Alert: Pwr Posts Massive Q1 Beat & Raise; Eps Surges 51%, Revenue Up 26%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Quanta Services delivered exceptional Q1 results with record revenue of $7.87B (+26.3% Y/Y, +12.7% vs. consensus) and adjusted EPS of $2.68 (+50.6% Y/Y, +31.8% vs. consensus), supported by strong demand across grid modernization and technology infrastructure. Electric Infrastructure Solutions led with $6.47B revenue (+30.8% Y/Y) while record total backlog reached $48.5B (+37.5% Y/Y). We believe PWR's diversification provides insulation against potential data center delays, as grid infrastructure projects should continue given increasing power demands across industrial end markets. Management substantially raised 2026 guidance with revenue increased to $34.7B-$35.2B (+4.3% vs. prior guidance midpoint) and adjusted EPS to $13.55-$14.25 (6.9%), implying 25%-27% revenue growth and 26%-33% EPS expansion. Strong profitability includes adjusted EBITDA of $686.4M (+36.2% Y/Y) and free cash flow of $184.4M (+56.6% Y/Y), reflecting robust earnings conversion amid the ongoing infrastructure modernization cycle.
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Research
Research Alert: Pwr Posts Massive Q1 Beat & Raise; Eps Surges 51%, Revenue Up 26%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Quanta Services delivered exceptional Q1 results with record revenue of $7.87B (+26.3% Y/Y, +12.7% vs. consensus) and adjusted EPS of $2.68 (+50.6% Y/Y, +31.8% vs. consensus), supported by strong demand across grid modernization and technology infrastructure. Electric Infrastructure Solutions led with $6.47B revenue (+30.8% Y/Y) while record total backlog reached $48.5B (+37.5% Y/Y). We believe PWR's diversification provides insulation against potential data center delays, as grid infrastructure projects should continue given increasing power demands across industrial end markets. Management substantially raised 2026 guidance with revenue increased to $34.7B-$35.2B (+4.3% vs. prior guidance midpoint) and adjusted EPS to $13.55-$14.25 (6.9%), implying 25%-27% revenue growth and 26%-33% EPS expansion. Strong profitability includes adjusted EBITDA of $686.4M (+36.2% Y/Y) and free cash flow of $184.4M (+56.6% Y/Y), reflecting robust earnings conversion amid the ongoing infrastructure modernization cycle.
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