Quanta Services (NYSE:PWR) Upgraded by Zacks Research to Strong-Buy Rating

Quanta Services (NYSE:PWR) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. UBS Group assumed coverage on shares of Quanta Services in a research report on Friday, July 31st. They issued a “buy” rating for the company. Morgan Stanley lowered shares of Quanta Services to an “underweight” rating in a report on Monday. Truist Financial restated a “buy” rating and set a $976.00 target price (up from $940.00) on shares of Quanta Services in a report on Monday. Deutsche Bank Aktiengesellschaft cut Quanta Services to a “sell” rating in a research report on Friday, July 31st. Finally, BTIG Research downgraded Quanta Services to a “hold” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $767.21.

Quanta Services Price Performance

PWR opened at $666.67 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $676.08 and its 200-day simple moving average is $620.04. The company has a market capitalization of $100.23 billion, a price-to-earnings ratio of 76.37, a PEG ratio of 2.25 and a beta of 1.23. Quanta Services has a 12-month low of $363.01 and a 12-month high of $788.75.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The company had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. During the same period in the prior year, the firm earned $2.48 earnings per share. The firm’s revenue for the quarter was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities research analysts anticipate that Quanta Services will post 15.33 earnings per share for the current fiscal year.

Quanta Services announced that its Board of Directors has approved a stock repurchase plan on Friday, May 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to buy up to 0.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boreal Capital Management LLC acquired a new position in Quanta Services during the 1st quarter valued at about $27,000. Cedar Mountain Advisors LLC boosted its holdings in Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Quanta Services during the fourth quarter worth about $28,000. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services during the second quarter valued at about $26,000. Finally, MV Capital Management Inc. acquired a new position in shares of Quanta Services during the fourth quarter valued at about $30,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Quanta raised its 2026 revenue, earnings, adjusted EBITDA and free-cash-flow outlook after exceeding second-quarter expectations. Its record backlog points to sustained demand for power-grid, energy and data-center infrastructure. How Quanta’s Raised 2026 Outlook Could Reshape Its Growth Story Ahead
• Positive Sentiment: Recent acquisitions are expanding Quanta’s reach in power infrastructure and data centers, potentially increasing its addressable market as electricity demand accelerates. Is Quanta’s Raised 2026 Outlook Just the Start of a Bigger Story?
• Positive Sentiment: Analyst commentary remains supportive, including Truist’s reaffirmed Buy rating and Mizuho’s increased price target of $741. Other coverage highlights Quanta’s earnings growth, cash generation and favorable infrastructure trends. Mizuho Boosts Quanta Services Price Target
• Neutral Sentiment: Growth-focused analysis identifies PWR as a strong growth stock, supported by its operating momentum and backlog. However, these assessments are largely investor-style and factor-based rather than new company announcements. Here’s Why Quanta Services Is a Strong Growth Stock
• Negative Sentiment: Valuation remains the key concern. With PWR trading at a premium to relevant benchmarks, investors may demand continued earnings and cash-flow acceleration before pushing the shares higher. Is PWR a Buy Today as Growth Accelerates but Valuation Stays High
• Negative Sentiment: The stock has declined 11.7% over the past three months despite improving fundamentals, suggesting profit-taking, valuation concerns or high expectations are currently offsetting the favorable outlook. Why PWR Is Down 11.7% in Three Months

Quanta Services Company Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.