Quanta Services, Inc.’s Stock Price Skyrockets to $358, Marking a Robust 6.09% Increase

Quanta Services, Inc. (PWR)

358.00 USD +20.54 (+6.09%) Volume: 1.88M

Quanta Services, Inc.’s stock price surges to 358.00 USD, marking a noteworthy +6.09% increase in this trading session with a trading volume of 1.88M, and exhibiting a robust YTD performance with a +13.27% increase, reinforcing its strong market presence.

Latest developments on Quanta Services, Inc.

Quanta Services, Inc. (NYSE:PWR) has been making headlines recently with various investment firms adjusting their positions in the company. Despite recent reports showing stagnant growth in returns, the stock price soared to an all-time high of $350.32. AMI Asset Management Corp now holds the 7th largest position in Quanta Services, while Segment Wealth Management LLC sold 40,940 shares. Transform Wealth LLC increased their stock holdings to $13.36 million, while Lmcg Investments LLC decreased their position. With First United Bank & Trust buying more shares and Lionsbridge Wealth Management LLC reducing their holdings, the stock remains a top growth stock for the long-term. Sarasin & Partners LLP purchased more shares, while UMB Bank n.a. decreased their stock holdings. BNC Wealth Management LLC and Oak Ridge Investments LLC both acquired shares, while Monarch Capital Management Inc. sold some of their holdings.

Quanta Services, Inc. on Smartkarma

Analysts from Baptista Research and Value Investors Club have been closely analyzing Quanta Services, a major provider of infrastructure solutions for the utility, renewable energy, and technology sectors. Baptista Research‘s report, “Quanta Services Inc.: An Analysis Of Its Grid Modernization & Hardening Services & Other Major Drivers,” highlights the company’s robust third-quarter results for 2024, with significant growth in key financial metrics despite operational challenges. The report aims to evaluate factors influencing the company’s price in the near future using a Discounted Cash Flow methodology. On the other hand, Value Investors Club’s report, “Quanta Services Inc (PWR) – Monday, May 20, 2024,” emphasizes Quanta’s positioning to benefit from infrastructure expansion and modernization trends, such as data center/AI buildout, grid modernization, renewables, and 5G transition.

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, Inc. has a positive long-term outlook based on its Smartkarma Smart Scores. With a Growth score of 3 and a Momentum score of 4, the company is positioned for potential expansion and strong performance in the future. Additionally, Quanta Services demonstrates resilience with a score of 3, indicating its ability to withstand economic challenges. While the Value and Dividend scores are lower at 2, the company’s overall outlook remains promising.

Specializing in contracting services for various industries, Quanta Services operates projects across North America. Providing specialized services to electric utilities, telecommunication companies, and governmental entities, the company also offers solutions for transportation systems and commercial customers. With a focus on growth, resilience, and momentum, Quanta Services is well-positioned to thrive in the long term.

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