Quanta Services (PWR) Stock Overview
Offers infrastructure solutions for the electric and gas utility, power generation, load center, manufacturing, communications, pipeline, and energy industries. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
PWR Community Fair Values
Create NarrativeSee what 104 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
US$710
FV
2.1% undervalued intrinsic discount8.34%
Revenue growth p.a.
143
users have viewed this narrative1users have liked this narrative
0users have commented on this narrative
8users have followed this narrative
Quanta Services, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$695.11 |
| 52 Week High | US$788.75 |
| 52 Week Low | US$341.93 |
| Beta | 1.21 |
| 1 Month Change | -11.48% |
| 3 Month Change | 28.68% |
| 1 Year Change | 92.36% |
| 3 Year Change | 280.19% |
| 5 Year Change | 654.57% |
| Change since IPO | 9,168.13% |
Recent News & Updates
Seeking Alpha • 5h
Quanta Services: The Grid Integration Needs Builders, Not Just More Power
Summary I'm rating Quanta Services a strong buy because I believe PWR is an important platform in North America. Its scale, expertise, and record backlog position it to benefit from grid-modernization. The key growth drivers are record backlog, utility grid modernization, large-load interconnections, and hyperscale data center power demand. Together, I estimate these drivers can grow revenue from approximately $35Bn in 2026 to $43.5Bn in 2028, while EBITDA expands from $3.6Bn to $4.7Bn. My blended price target of $1,017 represents a 46% upside potential from the current price of $695. I arrive at PT by applying a 31.64x FWD-EBITDA and 51.04x FWD-P/E multiples. The biggest risks are valuation compression, project execution delays, and labor constraints. Nevertheless, record backlog, rising utility investment, and accelerating AI-related power demand provide a substantial cushion that supports my continued strong buy rating. Read the full article on Seeking Alpha
Narrative Update • Jun 02
PWR: Power Supercycle And AI Grid Demand Will Test Premium Backlog Visibility
Analysts have lifted the Quanta Services fair value estimate from $593.30 to $761.35. This reflects updated assumptions for slightly higher revenue growth, modestly stronger profit margins, a higher future P/E, and supportive research that cites the company’s exposure to power generation, grid modernization, and infrastructure supporting electrification and AI demand.Recent updates
Seeking Alpha • 5h
Quanta Services: The Grid Integration Needs Builders, Not Just More Power
Summary I'm rating Quanta Services a strong buy because I believe PWR is an important platform in North America. Its scale, expertise, and record backlog position it to benefit from grid-modernization. The key growth drivers are record backlog, utility grid modernization, large-load interconnections, and hyperscale data center power demand. Together, I estimate these drivers can grow revenue from approximately $35Bn in 2026 to $43.5Bn in 2028, while EBITDA expands from $3.6Bn to $4.7Bn. My blended price target of $1,017 represents a 46% upside potential from the current price of $695. I arrive at PT by applying a 31.64x FWD-EBITDA and 51.04x FWD-P/E multiples. The biggest risks are valuation compression, project execution delays, and labor constraints. Nevertheless, record backlog, rising utility investment, and accelerating AI-related power demand provide a substantial cushion that supports my continued strong buy rating. Read the full article on Seeking AlphaNarrative Update • Jun 02
PWR: Power Supercycle And AI Grid Demand Will Test Premium Backlog Visibility
Analysts have lifted the Quanta Services fair value estimate from $593.30 to $761.35. This reflects updated assumptions for slightly higher revenue growth, modestly stronger profit margins, a higher future P/E, and supportive research that cites the company’s exposure to power generation, grid modernization, and infrastructure supporting electrification and AI demand.
New Narrative • May 05
The Picks-and-Shovels Leader of the Grid Supercycle
Rating: High-Quality Compounder / Buy on pullbacks Style: Infrastructure-led secular grower Core debate: Is Quanta simply an expensive contractor riding an unusually strong capex cycle, or is it the best-positioned execution platform for a multi-year grid, electrification, and AI-power buildout that deserves a premium multiple? Executive view Quanta is one of the clearest “picks-and-shovels” beneficiaries of the U.S. power infrastructure supercycle.
Narrative Update • Apr 29
PWR: Power Supercycle Backlog Dependence Will Likely Expose Downside Risk
Analysts have raised the fair value estimate for Quanta Services from $372.35 to $442.74 as recent price target increases and updated models reflect higher assumed revenue growth, a slightly lower discount rate, a richer future P/E, and some recalibration of profit margin expectations. Analyst Commentary Recent Street research around Quanta Services has centered on updated models following the company’s Q4 and FY25 results, with many firms revising fair value assumptions, target prices, and earnings trajectories.Narrative Update • Apr 15
PWR: Power Supercycle And Backlog Visibility Will Shape Balanced Outlook
Analysts have lifted the Quanta Services fair value estimate from $479.09 to $593.30. This reflects updated assumptions for slightly faster revenue growth, modestly higher profit margins, and a higher future P/E multiple following a series of upward price target revisions tied to recent Q4 results and multi year growth opportunities in power infrastructure and related acquisitions.
Narrative Update • Mar 31
PWR: Power Supercycle Backlog And 2026 Guidance Will Support Compounding Earnings
Analysts have lifted their average price targets on Quanta Services by hundreds of dollars per share into a $575 to $685 range, citing stronger post Q4 modeling, higher 2026 guidance, a record $44b backlog, and exposure to long term power infrastructure projects as key drivers for the updated views. Analyst Commentary Recent Street research on Quanta Services has leaned constructive, with a cluster of target price increases into the mid 500s to high 600s and multiple reaffirmed positive ratings.Narrative Update • Mar 17
PWR: Power Supercycle Backlog And 2026 Outlook Will Drive Compounding Earnings
Analysts have lifted their average price targets on Quanta Services into a $565 to $685 range following Q4 results, citing updated models, a record $44b backlog, and expectations that the company's power infrastructure and related businesses can support compounding earnings over the next several years. Analyst Commentary Recent research updates show a cluster of higher valuation targets on Quanta Services, with many bullish analysts pointing to execution in core power infrastructure, the growing backlog, and earnings visibility as key supports for their views.Narrative Update • Mar 03
PWR: Power Supercycle And Record Backlog Will Drive Future Infrastructure Wins
Our updated fair value estimate for Quanta Services rises from $548 to $685, reflecting analysts' higher price targets following strong Q4 results, record backlog, and expectations for sustained earnings growth across key power infrastructure markets. Analyst Commentary Recent research updates show a wave of higher valuation work on Quanta Services following Q4 results, with several bullish analysts lifting price targets and, in some cases, ratings, as they factor in the latest guidance, record backlog, and earnings trajectory.Narrative Update • Feb 17
PWR: Power Supercycle And Electric Division Synergies Will Shape Balanced Outlook
Our analyst price target for Quanta Services has been revised slightly higher to reflect a fair value of about $479 per share, with analysts pointing to refreshed views on long term revenue growth, Electric division opportunities, and acquisition synergies behind recent target increases and an upgrade. Analyst Commentary Recent Street research around Quanta Services has centered on refreshed price targets and a shift toward more constructive ratings, with several bullish analysts highlighting the Electric division and acquisition integration as key parts of their thesis.Narrative Update • Feb 03
PWR: Power Supercycle Expansion And Acquisitions Will Likely Expose Downside Risk
Analysts nudged their price targets on Quanta Services higher, citing recent target increases from several firms, a refreshed view on its Electric division and acquisition benefits. Together, these factors support a revised fair value of about $372 per share and a lower assumed future P/E near 37x.Narrative Update • Jan 20
PWR: Power Supercycle And New Generation Platform Will Support Balanced Outlook
Analysts have nudged their fair value estimate for Quanta Services higher, with the price target moving from about US$474 to roughly US$477, citing stronger margin assumptions, a slightly higher future P/E, and continued support from research firms highlighting benefits from the U.S. power supercycle, growth in the Electric division, and the new Total Solutions Power Generation Platform. Analyst Commentary Bullish Takeaways Bullish analysts highlight Quanta Services as a key beneficiary of the U.S. power supercycle, pointing to the Electric division and power related work as important drivers for revenue visibility and long term growth opportunities.Narrative Update • Jan 06
PWR: Expanding Power Generation Platform Will Drive Future Infrastructure Contract Wins
Analysts lifted their fair value estimate for Quanta Services to $548 from $492, citing strong Q3 EBITDA performance, broad price target increases across the Street, and growing confidence in the company’s expanded power generation and holistic power solutions offerings. Analyst Commentary Bullish analysts have been lifting their price targets on Quanta Services following the Q3 report, pointing to solid execution and growing confidence in the company’s role across power, transmission, and energy infrastructure projects.Analysis Article • Jan 04
Getting In Cheap On Quanta Services, Inc. (NYSE:PWR) Might Be Difficult
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 19x, you may...Narrative Update • Dec 19
PWR: Aggressive Expansion Into Power Generation Will Likely Expose Downside Risk
Analysts have lifted their price target on Quanta Services significantly, reflecting a move from implying roughly $260 per share to the mid $370s. They cite a string of Q3 beat-and-raise results, accelerating transmission and distribution activity, and the company’s expanding role in integrated power generation and broader energy infrastructure solutions.Narrative Update • Dec 05
PWR: Expanding Power Generation And Grid Projects Will Support Balanced Long-Term Outlook
Analysts have nudged their fair value estimate for Quanta Services slightly higher to approximately $474, citing a series of price target increases toward the mid to high $400s and up to about $550. They point to strong Q3 execution, expanding power generation and energy infrastructure opportunities, and robust transmission and distribution demand as reinforcing confidence in its long term growth profile.Narrative Update • Nov 20
PWR: Expanding Power Generation Market Exposure Will Support Steady Outlook Ahead
Quanta Services’ analyst price target increased by nearly $9 to $472.80, as analysts cite robust Q3 results and expanding opportunities in power generation and infrastructure solutions as supporting factors. Analyst Commentary Recent analyst reports on Quanta Services highlight a strong consensus around the company’s robust execution and growth prospects, though a few note areas that may warrant caution for investors.Narrative Update • Nov 06
PWR: Continued Power Market Expansion Will Drive Balanced Earnings Outlook Ahead
Quanta Services’ analyst fair value estimate has increased from $432.68 to $463.88. Analysts cite strong earnings performance, continued strength across its key business segments, and expanding opportunities in power generation and infrastructure markets as critical drivers of this upward revision.Narrative Update • Oct 23
Analysts Lift Price Target for Quanta Services Amid Upbeat Outlook and Valuation Adjustments
Analysts have raised their price target for Quanta Services from $424.20 to $432.68, citing an improved outlook for transmission and distribution activity, strong survey results, and expanding opportunities across diversified energy markets. Analyst Commentary Several major Wall Street firms have recently updated their perspectives on Quanta Services, citing shifting sector dynamics and company-specific drivers.Narrative Update • Oct 08
Transmission And Renewables Investments Will Strengthen Energy Resilience
Quanta Services' analyst price target has increased significantly from $419.40 to $424.20. Analysts cite expanding market opportunities, favorable demand trends, and an improved earnings outlook as key drivers for the upward revision.Analysis Article • Sep 11
We Think Quanta Services (NYSE:PWR) Can Manage Its Debt With Ease
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jul 31
Is It Time To Consider Buying Quanta Services, Inc. (NYSE:PWR)?
Today we're going to take a look at the well-established Quanta Services, Inc. ( NYSE:PWR ). The company's stock led...Analysis Article • Jul 11
Here's Why Quanta Services (NYSE:PWR) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Jun 29
A Look At The Intrinsic Value Of Quanta Services, Inc. (NYSE:PWR)
Key Insights The projected fair value for Quanta Services is US$377 based on 2 Stage Free Cash Flow to Equity Quanta...Seeking Alpha • Apr 17
The Prime Contractor Of The New Energy Era: The Quanta Case
Summary Quanta Services, a leader in North American energy and communications infrastructure, has a $34.5 billion backlog, ensuring revenue visibility for years. Despite strong financials and growth, Quanta shares are overvalued by 22.75%, leading to a "Hold" rating, not a buy recommendation. Key risks include dependence on large infrastructure investments and potential delays in "green" projects due to political shifts. The global trend towards electrification and Quanta's robust financial position are major growth drivers, ensuring strong revenue visibility and scalability. Read the full article on Seeking AlphaSeeking Alpha • Feb 11
Priced To Perfection: Why Quanta Services May Fall Short
Summary Quanta Services' valuation is unsustainable due to over-optimistic revenue growth assumptions and significant political and sector-specific risks. Revenue growth in Electric Power and Renewable Energy segments faces headwinds from AI efficiency gains, limited TAM, and political uncertainties. Margin improvements are uncertain as the Renewable Energy segment's growth prospects are threatened. Recent insider selling and lofty valuation suggest more downside risk, making current prices unattractive for investment. Look to establish a position only when the stock falls to the low to mid-200s range. Read the full article on Seeking AlphaSeeking Alpha • Dec 12
Quanta Services: Another Year Of Robust Growth Ahead
Summary Quanta Services, Inc. has been upgraded to a Strong Buy with a one-year target price of $379.82 due to robust earnings growth. The company reported strong Q3-2024 results, with revenues up to $6.49 billion and net income growing to $293.2 million. Quanta's diverse revenue streams, significant backlog, and effective M&A strategy position it well for continued growth. Risks include potential acquisition integration issues and market competition, but overall, Quanta's fundamentals and growth prospects remain strong. Read the full article on Seeking AlphaShareholder Returns
| PWR | US Construction | US Market | |
|---|---|---|---|
| 7D | -2.3% | -0.7% | -2.9% |
| 1Y | 92.4% | 91.5% | 23.5% |
Return vs Industry: PWR matched the US Construction industry which returned 91.5% over the past year.
Return vs Market: PWR exceeded the US Market which returned 23.5% over the past year.
Price Volatility
| PWR volatility | |
|---|---|
| PWR Average Weekly Movement | 6.6% |
| Construction Industry Average Movement | 8.5% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: PWR has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: PWR's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | 69,500 | Duke Austin | www.quantaservices.com |
Quanta Services, Inc. offers infrastructure solutions for the electric and gas utility, power generation, load center, manufacturing, communications, pipeline, and energy industries. The company’s Electric Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings. This segment offers aviation; emergency aerial firefighting services; emergency restoration; and other engineering and technical services; design and construction solutions to wireline and wireless communications, cable multi-system operators, technology companies, and other customers; engineering, procurement, new construction, and repair and maintenance services for renewable generation facilities; and training for electric workers, as well as training for the gas distribution and communications industries.
Quanta Services, Inc. Fundamentals Summary
| PWR fundamental statistics | |
|---|---|
| Market cap | US$107.92b |
| Earnings (TTM) | US$1.10b |
| Revenue (TTM) | US$30.12b |
94.4x
P/E Ratio3.5x
P/S RatioIs PWR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PWR income statement (TTM) | |
|---|---|
| Revenue | US$30.12b |
| Cost of Revenue | US$25.57b |
| Gross Profit | US$4.55b |
| Other Expenses | US$3.44b |
| Earnings | US$1.10b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 7.36 |
| Gross Margin | 15.10% |
| Net Profit Margin | 3.67% |
| Debt/Equity Ratio | 61.8% |
How did PWR perform over the long term?
See historical performance and comparisonDividends
0.06%
Current Dividend Yield6%
Payout RatioDoes PWR pay a reliable dividends?
See PWR dividend history and benchmarks| Quanta Services dividend dates | |
|---|---|
| Ex Dividend Date | Jul 01 2026 |
| Dividend Pay Date | Jul 13 2026 |
| Days until Ex dividend | 24 days |
| Days until Dividend pay date | 36 days |
Does PWR pay a reliable dividends?
See PWR dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/05 14:01 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Quanta Services, Inc. is covered by 42 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Justin Hauke | Baird |
| Andrew Wittmann | Baird |
| Charles Albert Dillard | Bernstein |