Quanta Services (NYSE:PWR) Price Target Raised to $635.00 at Evercore

Quanta Services (NYSE:PWR) had its price objective raised by analysts at Evercore from $604.00 to $635.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm currently has an “outperform” rating on the construction company’s stock. Evercore’s target price suggests a potential upside of 12.40% from the stock’s current price.

Several other research firms have also weighed in on PWR. Truist Financial reaffirmed a “buy” rating and issued a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Argus raised their price target on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Sanford C. Bernstein upped their price objective on shares of Quanta Services from $515.00 to $538.00 in a research report on Wednesday. Mizuho increased their price objective on shares of Quanta Services from $537.00 to $580.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Eighteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $592.32.

Quanta Services Price Performance

Shares of NYSE PWR traded up $15.92 during trading hours on Wednesday, hitting $564.94. 712,936 shares of the stock were exchanged, compared to its average volume of 1,138,640. The company’s fifty day simple moving average is $533.11 and its two-hundred day simple moving average is $468.88. The company has a market cap of $84.53 billion, a PE ratio of 83.08, a price-to-earnings-growth ratio of 2.42 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services has a 1-year low of $227.08 and a 1-year high of $583.73.

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, topping the consensus estimate of $3.02 by $0.14. The firm had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, sell-side analysts predict that Quanta Services will post 9.34 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PWR. Brighton Jones LLC bought a new stake in shares of Quanta Services in the 4th quarter valued at about $298,000. Woodline Partners LP lifted its stake in shares of Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the period. XTX Topco Ltd boosted its holdings in Quanta Services by 8.2% in the second quarter. XTX Topco Ltd now owns 889 shares of the construction company’s stock valued at $336,000 after acquiring an additional 67 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Quanta Services during the 2nd quarter worth approximately $55,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Quanta Services by 18.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,375 shares of the construction company’s stock worth $5,435,000 after purchasing an additional 2,286 shares during the period. 90.49% of the stock is owned by institutional investors.

Key Stories 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

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.