Quanta Services (PWR) has been making notable movements in the market. The company's stocks have occasionally declined beyond the market average, prompting exit from several investment firms such as Clarus Group Inc., while other groups like Certuity LLC and Realta Investment Advisors have bought into the company. The company's expected earnings growth is generating an optimistic outlook, with some believing Quanta to be a strong long-term investment despite its current valuation concerns. However, susceptibility to market fluctuations has led to mixed responses, with some investors selling their shares while others, like Asset Management One Co. Ltd and Mirae Asset Global Investments Co. Ltd, have increased their stock position. It's notable that the price target for Quanta has been adjusted multiple times by various entities. The company also reported robust Q3 2024 results, has a record backlog, and continues to show financial strength. Potential red flags include a lower intrinsic value estimate, the stepping down of the COO, and insider sales alluding to potential weakness. However, overall, Wall Street views on Quanta are bullish.
Quanta Services PWR News Analytics from Thu, 18 Jul 2024 07:00:00 GMT to Sat, 15 Feb 2025 21:12:39 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -3
