Quanta Services (NYSE:PWR) Stock Rating Upgraded by Wall Street Zen

Quanta Services (NYSE:PWR) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the company. Truist Financial raised their price objective on Quanta Services from $945.00 to $960.00 and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird set a $728.00 target price on shares of Quanta Services in a research report on Friday, July 31st. Argus set a $800.00 price target on shares of Quanta Services in a report on Wednesday, August 5th. JPMorgan Chase & Co. downgraded shares of Quanta Services from an “overweight” rating to a “neutral” rating and set a $714.00 price target on the stock. in a research report on Tuesday, July 21st. Finally, Raymond James Financial set a $830.00 target price on shares of Quanta Services in a research note on Thursday. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $766.62.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $620.50 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.05 and a current ratio of 1.16. Quanta Services has a 52 week low of $408.36 and a 52 week high of $788.75. The firm has a market cap of $93.29 billion, a PE ratio of 56.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. The firm’s fifty day moving average is $632.80 and its 200-day moving average is $623.16.

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 analysts’ consensus estimates of $5.02 by $1.04. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.03 billion. Quanta Services had a return on equity of 23.56% and a net margin of 4.51%. Quanta Services’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.33 earnings per share. Sell-side analysts predict that Quanta Services will post 15.36 earnings per share for the current year.

Institutional Trading of Quanta Services

Several institutional investors and hedge funds have recently modified their holdings of PWR. Cornerstone Financial Management LLC raised its holdings in Quanta Services by 70.4% in the second quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company’s stock worth $33,000 after purchasing an additional 19 shares in the last quarter. Boreal Capital Management LLC purchased a new stake in Quanta Services in the first quarter worth about $27,000. JNBA Financial Advisors lifted its holdings in shares of Quanta Services by 1,733.3% during the second quarter. JNBA Financial Advisors now owns 55 shares of the construction company’s stock valued at $40,000 after purchasing an additional 52 shares during the last quarter. MADDEN SECURITIES Corp purchased a new position in shares of Quanta Services during the third quarter valued at approximately $48,000. Finally, Markowski Investments bought a new stake in shares of Quanta Services in the 2nd quarter worth approximately $55,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Quanta Services

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

• Positive Sentiment: Record results beat expectations. Quanta reported third-quarter revenue of $12.01 billion, up 57.4% year over year and above the $11.03 billion consensus estimate. Adjusted diluted EPS was $6.06, exceeding expectations of approximately $5.02-$5.03 and rising from $3.33 a year earlier. Quanta Services Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and visibility remain strong. Electric infrastructure activity helped drive results, while total backlog reached a record $63.7 billion and remaining performance obligations totaled $41.8 billion. Operating cash flow was $1.5 billion and free cash flow was $1.2 billion. PWR Q3 Earnings Beat on Electric Strength
• Positive Sentiment: Management raised its 2026 outlook. The company now expects full-year revenue of $41.3 billion to $41.6 billion and diluted EPS of $12.57 to $12.97, reflecting confidence in continued infrastructure spending and execution.
• Neutral Sentiment: Technical momentum is mixed. Reports noted that PWR broke above its 200-day moving average, a potentially bullish signal, although the share price has since moved back near that level. Technical traders may view the move as either a confirmation of long-term strength or a possible “sell-the-news” setup. Quanta Services Shares Break Above 200-Day Moving Average
• Negative Sentiment: Valuation and insider selling may be limiting upside. PWR trades at roughly 71 times earnings, leaving the stock vulnerable to profit-taking even after the earnings beat. Separately, reported insider activity showed substantial selling and no insider purchases during the past six months, which may add to investor caution.

About Quanta Services

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.