Quanta Services (NYSE:PWR) Given New $635.00 Price Target at Evercore

Quanta Services (NYSE:PWR) had its price target upped by Evercore from $604.00 to $635.00 in a research report issued on Wednesday,MarketScreener reports. The firm currently has an “outperform” rating on the construction company’s stock. Evercore’s price target would suggest a potential upside of 12.40% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Robert W. Baird boosted their price objective on shares of Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. UBS Group lifted their price target on Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a report on Friday, February 20th. BMO Capital Markets upgraded Quanta Services from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $600.00 to $650.00 in a research note on Friday, March 27th. Jefferies Financial Group lifted their target price on Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Finally, Stifel Nicolaus set a $647.00 price target on Quanta Services in a research note on Monday, February 23rd. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $592.32.

Quanta Services Stock Up 2.9%

PWR stock traded up $15.92 during mid-day trading on Wednesday, reaching $564.94. The company had a trading volume of 712,936 shares, compared to its average volume of 1,138,640. Quanta Services has a 52 week low of $227.08 and a 52 week high of $583.73. The company has a market capitalization of $84.53 billion, a price-to-earnings ratio of 83.08, a PEG ratio of 2.42 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a 50 day simple moving average of $533.11 and a two-hundred day simple moving average of $468.88.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same period last year, the business earned $2.94 earnings per share. The firm’s revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities analysts predict that Quanta Services will post 9.34 earnings per share for the current fiscal year.

Institutional Trading of Quanta Services

A number of institutional investors have recently bought and sold shares of the business. Brighton Jones LLC acquired a new stake in shares of Quanta Services in the fourth quarter valued at approximately $298,000. Woodline Partners LP grew its position in Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after buying an additional 3,606 shares in the last quarter. XTX Topco Ltd increased its stake in Quanta Services by 8.2% during the 2nd quarter. XTX Topco Ltd now owns 889 shares of the construction company’s stock worth $336,000 after acquiring an additional 67 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Quanta Services in the 2nd quarter valued at $55,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Quanta Services by 18.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,375 shares of the construction company’s stock valued at $5,435,000 after acquiring an additional 2,286 shares during the period. Institutional investors own 90.49% of the company’s stock.

Key Headlines Impacting Quanta Services

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

• Positive Sentiment: Analyst and thematic bullishness: coverage pieces and a rating upgrade frame Quanta as a key beneficiary of U.S. reindustrialization and infrastructure investment, boosting investor confidence. Quanta Services: Leading The Way For U.S. Reindustrialization (Rating Upgrade)
• Positive Sentiment: Data-center growth thesis: Zacks highlights Quanta’s pivot to data centers as a central growth engine driven by AI power needs; cites strong 2025 results ($28.5B revenue) and a record backlog near $44B—evidence of durable demand. Are Data Centers Becoming the Core Growth Engine for Quanta?
• Positive Sentiment: Analyst reinforcement: Mizuho and other analysts have voiced bullish expectations (one note explicitly says the stock is expected to rise), adding momentum to the rally. Quanta Services (NYSE:PWR) Stock Price Expected to Rise, Mizuho Analyst Says
• Positive Sentiment: Investor Day substance: the company hosted its 2026 Investor Day (slides + transcript available) providing strategic updates and long?term financial targets that reinforce guidance and growth visibility—supporting a higher valuation multiple. Quanta Services, Inc. (PWR) Analyst/Investor Day Transcript Quanta Services, Inc. (PWR) Analyst/Investor Day – Slideshow
• Neutral Sentiment: Media coverage notes recent price gains but also that PWR has periodically underperformed broader indices; useful context for relative-performance investors but not a catalyst per se. Quanta Services (PWR) Rises Yet Lags Behind Market: Some Facts Worth Knowing
• Neutral Sentiment: Investor-day logistics: the company promoted and webcast its Investor Day, increasing transparency but acting mainly as an informational event rather than an immediate operational change. Quanta Services to Host & Webcast its 2026 Investor Day

About Quanta Services

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.