Quanta Services (PWR) has been receiving significant attention from Wall Street Analysts, gaining positive buy recommendations and an upgraded valuation outlook from firms including Goldman Sachs, who hiked its price target to $414. The company has verified this interest with consistent performance, revealing impressive quarterly earnings and financial results alongside yearly revenue growth. This positive outlook is reinforced by record backlogs and robust credit upgrades. Even amidst market fluctuations, PWR outperformed the broader market and saw a stock price increase of 15% over the last week. Their solid financial prospects have placed them amongst top investment choices for Hedge Funds. The company took an active approach to growth, winning a part of a massive US$1.7 Billion contract for an HVDC Line Project. However, there has been some insider selling amounting to US$67m, suggesting potential market hesitancy. Despite this, PWR announced it would maintain a steady $0.40 annual dividend for shareholders. The outlook for 2025 appears more than promising with Quanta surpassing Q1 revenue expectations and raising their 2025 outlook. Still, nervous investors may proceed with caution due to the stock's potentially overvalued price.
Quanta Services PWR News Analytics from Mon, 14 Oct 2024 07:00:00 GMT to Sat, 07 Jun 2025 14:39:49 GMT -
Rating +8
- Innovation +7
- Information +9
- Rumor -2
