Quanta Services, Inc. (PWR)

Over the past six months, Quanta Services' stock has experienced positive momentum and analyst attention. Seaport Global Securities upgraded Quanta Services to "Buy," citing its position as a top infrastructure services contractor. JPMorgan also upgraded Quanta Services to "Overweight," noting potential benefits from large projects. Goldman Sachs raised its price target for Quanta Services, citing upside potential from a new partnership. Quanta Services reported strong second and third-quarter 2025 results, with a backlog reaching $39.2 billion in Q3 2025. Revenues in the second quarter of 2025 were $6.77 billion. Quanta Services announced a 10% increase in its quarterly dividend to $0.11 per share. Quanta acquired a minority interest in Bell Lumber and Pole Company in May 2025. In December 2025, Quanta Aviation Services acquired Billings Flying Service, expanding Quanta's aviation capabilities. The company also made strategic acquisitions like Cupertino Electric (2024) and Sherman and Reilly.

The demand for Quanta Services' products and services is generally resilient due to the consistent nature of utility spending. Factors such as weather, regulatory changes, permitting, supply chain issues, trade policy, and macroeconomic challenges can impact project timing and execution. Demand is fueled by multi-year programs to build and modernize the power grid, generation, and energy infrastructure. Key drivers of demand include the growing need for data center capacity, the reshoring of manufacturing operations, and the broader energy transition towards renewables. The U.S. electricity demand is expected to rise significantly, requiring substantial incremental growth in power transmission and gas pipeline development, which positions Quanta Services for sustained demand. Utilities are also incentivized to increase capital expenditures, further supporting Quanta's business.

Quanta Services, Inc. is a specialized contracting services company providing infrastructure solutions for the electric power, energy, and communications industries. The company operates in the engineering and construction industry. Its services are categorized into electric power infrastructure solutions, renewable energy infrastructure solutions, and underground utility and infrastructure solutions. The electric power segment focuses on the design, construction, and maintenance of electric power infrastructure and smart grid technologies, including renewable energy solutions. The renewable energy segment is involved in the construction and maintenance of wind, solar, and hydropower generation facilities, as well as battery storage facilities. The underground utility segment offers services for natural gas systems, pipeline and storage systems, and compressor and pump stations.

Quanta Services, Inc. operates in the United States, Canada, Australia, and internationally.

Quanta Services maintains a strong brand reputation, recognized for its role in critical infrastructure development. Forbes listed Quanta Services as #110 in "America's Best Companies" and #101 in "Most Trusted Companies in America". Quanta was named the top solar solutions provider in the United States by Solar Power World for the second time in three years, and the top energy storage solutions provider in Solar Power World's first-ever ranking. The company's selection for major projects like the SunZia Transmission and Wind Project underscores its strong reputation and expertise in large-scale infrastructure. No significant negative events impacting Quanta Services' brand reputation in the past year were found.

Quanta Services' ownership is heavily concentrated among institutional investors, with approximately 90.76% of the company owned by institutional shareholders. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Capital World Investors, JPMorgan Chase & Co., State Street Corp., Fmr Llc, Peconic Partners Llc and Geode Capital Management, Llc. First Reserve GP IX Inc. is the largest individual shareholder, owning 7.79% of the company's shares.