Zacks Research Upgrades Quanta Services (NYSE:PWR) to Strong-Buy

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

PWR has been the subject of several other reports. Stifel Nicolaus set a $784.00 price objective on Quanta Services in a research note on Friday, May 1st. TD Cowen increased their price target on shares of Quanta Services from $775.00 to $785.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $714.00 price target on shares of Quanta Services in a research report on Tuesday, July 21st. Raymond James Financial began coverage on shares of Quanta Services in a report on Friday, July 31st. They issued an “outperform” rating on the stock. Finally, Mizuho increased their price objective on shares of Quanta Services from $659.00 to $741.00 and gave the stock a “neutral” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $767.21.

Quanta Services Price Performance

NYSE PWR opened at $666.67 on Wednesday. The company has a market cap of $100.23 billion, a price-to-earnings ratio of 76.37, a PEG ratio of 2.25 and a beta of 1.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The stock’s fifty day moving average price is $676.08 and its 200 day moving average price is $620.04. Quanta Services has a 1 year low of $363.01 and a 1 year high of $788.75.

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

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Cetera Investment Advisers increased its position in shares of Quanta Services by 5.8% in the first quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock valued at $40,701,000 after buying an additional 4,087 shares in the last quarter. Evoke Wealth LLC purchased a new position in shares of Quanta Services during the 4th quarter valued at approximately $368,000. Sequoia Financial Advisors LLC lifted its position in shares of Quanta Services by 3.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock valued at $55,052,000 after buying an additional 3,966 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Quanta Services by 9.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock valued at $21,357,000 after acquiring an additional 4,568 shares during the period. Finally, Lebenthal Global Advisors LLC increased its holdings in Quanta Services by 9.8% in the 4th quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock worth $3,915,000 after acquiring an additional 830 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services News Roundup

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.