PWR

Over the past six months, Quanta Services (PWR) reported strong second-quarter 2026 results with revenues of $9.56 billion and adjusted diluted EPS of $4.24, achieving record quarterly operating cash flow of $1.1 billion and free cash flow of $0.9 billion. The total backlog reached a record $53.4 billion in Q2 2026, providing multi-year revenue visibility. Management raised its full-year 2026 guidance for revenue to $39.3-$39.7 billion and adjusted diluted EPS to $16.45-$16.95. The company declared quarterly cash dividends of $0.11 per share, payable in July and October 2026, and approved a new $1 billion stock repurchase program in July 2026. In September 2026, Ellen Rubin joined Quanta Services' Board of Directors, and in August 2026, the company announced the pricing of a senior notes offering. Analysts generally maintained a 'Strong Buy' or 'Buy' rating for PWR, with an average price target of around $766.01 as of October 2026, though some firms trimmed targets due to elevated valuation multiples. The stock price was $676.59 per share on October 2, 2026, representing a 60.76% increase from October 2, 2025, and moved up by 4.95% on October 6, 2026, driven by accelerating demand in power infrastructure and clean energy grid expansion, particularly for AI data centers.