Quanta Services (PWR) is gaining traction in the industry with its consistent growth and business strategies. Recent reports expect earnings to grow, suggesting undervalued stock potential. The company recently acquired Cupertino Electric, a key player in electrical infrastructure solutions, further strengthening its portfolio and fueling optimism about future performance. Despite some selling activities, the stock maintained a strong performance, consistently outpacing stock market gains. With a newly raised price target of $302 at Citigroup, the company's stock shows promising long-term momentum. PWR recently announced its Q2 2024 earnings and Q1 results exceeded estimates. The company is also continually expanding its board with new directors while also ensuring to secure strong financial backing, with Empowered Funds LLC being the recent addition. All this leads to a consensus of strong growth stock forecast among brokerages. Recently, PWR's stock rallies followed a $1.54 billion purchase of Cupertino Electric. Looking ahead, Quanta's Q2 2024 earnings are to be watched closely as they are expected to be $1.69 per share, as per KeyCorp forecasts.
Quanta Services PWR News Analytics from Wed, 07 Feb 2024 08:00:00 GMT to Sun, 28 Jul 2024 18:34:31 GMT -
Rating +7
- Innovation +8
- Information +9
- Rumor -7
