Quanta Services, Inc.’s stock price skyrockets to $321.93, marking a triumphant 9.99% surge

Quanta Services, Inc. (PWR)

321.93 USD +29.24 (+9.99%) Volume: 3.29M

Quanta Services, Inc.’s stock price soars to 321.93 USD, marking a significant trading session increase of +9.99%, with a robust trading volume of 3.29M. The stock continues its upward trajectory with a YTD percentage change of +1.86%, highlighting its strong performance in the market.

Latest developments on Quanta Services, Inc.

Quanta Services stock is shining bright today as one of the best performers in the S&P 500, thanks to a series of positive developments leading up to this moment. Despite facing rejection from the LIPA board for managing the power grid, Quanta Services still managed to report strong financial results for the first quarter of 2025, exceeding earnings and revenue estimates. With their Q1 earnings beating expectations and revenue topping estimates, the company’s stock price has surged, prompting Evercore ISI to raise the price target to $360. Quanta Services‘ impressive performance and strategic initiatives have justified a buy rating, as they continue to surpass profit expectations and raise their annual forecast, boosting investor confidence in the company’s future growth.

Quanta Services, Inc. on Smartkarma

Analysts on Smartkarma have been covering Quanta Services closely, providing different insights on the company’s performance. Baptista Research published a bullish report titled “Inside Quanta’s Clean Energy Takeover: Why It’s Leading the Renewable Future!” highlighting Quanta Services‘ strong financial results for the fourth quarter and full year of 2024. The company reported double-digit growth in revenues and earnings, with a total backlog of $34.5 billion, showing robust demand in segments like Renewable Energy Infrastructure Solutions.

On the other hand, Value Investors Club took a bearish stance on Quanta Services in their report titled “Quanta Services Inc (PWR) – Tuesday, Oct 22, 2024.” They mentioned a surge in demand due to regulatory shifts and one-off projects benefiting Quanta Services, but they expect a decrease in demand in 2024. The report highlighted concerns about the company’s limited total addressable market and unsustainable peak expectations, making Quanta Services a compelling short opportunity according to their analysis.

A look at Quanta Services, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Quanta Services, a company that provides specialized contracting services to various industries, has received mixed ratings in terms of its long-term outlook according to Smartkarma Smart Scores. While the company scored well in areas such as growth and momentum, indicating a positive trajectory for the future, it received lower scores in value and dividend factors. This suggests that Quanta Services may have strong potential for growth and performance, but investors should also consider other factors when evaluating the company’s overall outlook.

With a focus on providing services to electric utilities, telecommunication companies, and governmental entities, Quanta Services operates projects across North America. The company’s Smart Scores reveal a promising outlook for growth and momentum, indicating potential opportunities for expansion and success in the long term. However, investors should also take into account the company’s lower scores in value and dividend factors when assessing the overall investment potential of Quanta Services.

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