Quanta Services (PWR) has been making a buzz in the recent market performance, consistently delivering as a
top growth stock for the long-term. It also marked increased
Price Targets by Piper Sandler. At the Annual Meeting, an
Equity Plan Amendment was approved and a consistent $0.40 annual
dividend was declared. A more significant dip in its performance, though, triggered some investor curiosity. Notably, PWR surprisingly
outperformed other constructions stocks this year. Despite the market’s bearish views, Wall Street remains
bullish on its prospects. Piper Sandler reinforces the company’s potential by initiating coverage with an
Overweight Recommendation. Several reasons that make Quanta Services a good investment include its robust
fundamentals and its impressive performance over the last five and ten years. Although
concerns over AI and Renewable Energy led to a downgrade, the company continued to thrive, announcing several
quarterly cash dividends. Projections from its Q1 2025 earnings call signals potential in the company’s future performance, with Wall Street estimating key metrics to unlock Q1 potential. Despite a Stifel cut to the price target, receivership of part of a $1.7 billion contract for HVDC line project is deemed significant.
Quanta Services PWR News Analytics from Mon, 14 Oct 2024 07:00:00 GMT to Sat, 31 May 2025 00:08:00 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor -5
