Quanta Services (NYSE:PWR) Shares Gap Up – Here’s Why

Quanta Services, Inc. (NYSE:PWR) shares gapped up prior to trading on Wednesday. The stock had previously closed at $578.83, but opened at $600.00. Quanta Services shares last traded at $590.9060, with a volume of 353,424 shares changing hands.

Key Quanta Services News

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

• Positive Sentiment: Record results exceeded expectations: Quanta reported third-quarter revenue of $12.01 billion, up 57.4% year over year, and adjusted diluted EPS of $6.06 versus the roughly $5.02-$5.03 consensus. GAAP diluted EPS was $4.55, while net income attributable to common stock reached $694.9 million. Quanta Services Reports Third Quarter 2026 Results
• Positive Sentiment: Higher outlook and powerful backlog: Management raised full-year 2026 expectations to $41.3-$41.6 billion of revenue and $12.57-$12.97 of diluted EPS. Total backlog rose to a record $63.7 billion, including $41.8 billion of remaining performance obligations, supporting visibility into future growth. Operating cash flow was $1.5 billion and free cash flow was $1.2 billion. PWR Q3 Earnings Beat on Electric Strength
• Positive Sentiment: Electric infrastructure remains the growth engine: The earnings beat was attributed to strong demand across electric infrastructure, with acquisitions and continuing power-grid investment adding to Quanta’s growth prospects. The earnings call and related coverage emphasized record activity and sustained demand tied to electrification and energy infrastructure. Quanta Services Q3 2026 Earnings Call Summary
• Neutral Sentiment: Technical momentum improved: PWR shares moved above their 200-day moving average, generally viewed as a bullish technical signal. However, the analysis questions whether the move is an opportunity to sell after the stock’s strong run, particularly because valuation remains elevated at approximately 72 times earnings. Quanta Services Shares Break Above 200-Day Moving Average
• Negative Sentiment: Insider selling is a cautionary signal: Reported insider transactions show selling rather than purchases over the past six months, including substantial sales by CEO Earl C. Austin Jr. This does not necessarily indicate deteriorating fundamentals, but it may temper enthusiasm following the earnings-driven advance.

Analysts Set New Price Targets

A number of research firms have commented on PWR. Piper Sandler dropped their price target on shares of Quanta Services from $731.00 to $714.00 and set an “overweight” rating on the stock in a research report on Monday, September 28th. BTIG Research cut shares of Quanta Services to a “hold” rating in a report on Friday, July 31st. UBS Group reiterated a “buy” rating on shares of Quanta Services in a research note on Monday, August 17th. Guggenheim upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price objective on the stock in a research note on Friday, July 31st. Finally, Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $764.46.

Quanta Services Trading Up 4.3%

The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $95.13 billion, a P/E ratio of 72.48, a PEG ratio of 1.79 and a beta of 1.27. The firm’s 50-day simple moving average is $633.61 and its 200 day simple moving average is $622.23.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, October 29th. The construction company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.02 by $1.04. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same quarter last year, the firm posted $3.33 EPS. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. Equities research analysts anticipate that Quanta Services, Inc. will post 15.36 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, October 1st. Quanta Services’s dividend payout ratio is 5.04%.

Hedge Funds Weigh In On Quanta Services

A number of hedge funds have recently modified their holdings of PWR. State Street Corp grew its holdings in shares of Quanta Services by 4.7% during the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after acquiring an additional 296,893 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Quanta Services by 5.4% in the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock worth $1,891,215,000 after acquiring an additional 175,184 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Quanta Services by 7.1% in the first quarter. Royal Bank of Canada now owns 1,264,827 shares of the construction company’s stock worth $694,415,000 after acquiring an additional 83,363 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Quanta Services by 18.3% during the first quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock worth $551,170,000 after acquiring an additional 155,529 shares in the last quarter. Finally, Amundi raised its holdings in shares of Quanta Services by 10.3% during the first quarter. Amundi now owns 580,718 shares of the construction company’s stock worth $318,826,000 after acquiring an additional 54,237 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Company Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.