Quanta Services, Inc. (PWR) continues to trend as several developments impact its profile in the market. The company is considered 27% undervalued according to intrinsic calculations. Despite lagging Q2 earnings estimates, impressive market performance is evident as Quanta stock rose 8.4% in a week and even outpaced general stock market gains. Executives at the company made significant stock trades, most notably CEO Earl C. Austin Jr., who sold 130,000 shares. Redgie James Probst, another executive, also sold a sizable amount of stock. Notwithstanding, many asset managers have increased their positions in the company. Quanta recently bolstered its operations by acquiring Cupertino Electric, Inc., a top provider of Electrical Infrastructure Solutions to the Technology and Renewable Energy Industries. This strategic acquisition could significantly enhance Quanta Services’ performance in these rapidly-expanding sectors. Analysts give Quanta an average 'Moderate Buy' rating, reflecting optimism about the stock's future. Finally, the firm announced the pricing of their Senior Notes offering.
Quanta Services PWR News Analytics from Thu, 22 Feb 2024 08:00:00 GMT to Sun, 18 Aug 2024 13:13:42 GMT -
Rating 6
- Innovation 2
- Information 6
- Rumor 1
