Quanta Services stock hits all-time high at 388.01 USD

Quanta Services Inc (NYSE:PWR). has reached a significant milestone as its stock hit an all-time high of 388.01 USD. With a market capitalization of $57.38 billion and a P/E ratio of 61.41, InvestingPro analysis indicates the stock is currently trading above its Fair Value. Over the past year, Quanta Services’ stock has experienced a substantial increase, with a 1-year return of 42.95%. This impressive growth reflects the company’s strong performance, including 15.77% revenue growth and a "GOOD" Financial Health Score. The surge to a new peak highlights the positive momentum in Quanta Services’ business operations and investor sentiment, setting a new benchmark for the company’s stock performance. Discover 13 additional key insights about Quanta Services with InvestingPro, including detailed valuation metrics and growth projections.

In other recent news, Quanta Services has been the focus of several analyst updates and strategic developments. Seaport Global Securities initiated coverage on Quanta Services with a Neutral rating, projecting revenue of $26.9 billion for 2025 and $33.8 billion by 2027. Meanwhile, Moody’s Ratings affirmed Quanta’s Baa3 rating and revised its outlook to positive, citing strong credit metrics and strategic acquisitions that have diversified its portfolio. Northland downgraded Quanta Services from Outperform to Market Perform, expressing concerns about valuation and the company’s reliance on acquisitions for growth. UBS raised its price target to $413, highlighting the anticipated increase in transmission infrastructure spending, particularly in Texas. Similarly, Goldman Sachs increased its price target to $414, maintaining a Buy rating and noting Quanta’s leading position in the transmission and distribution market. These developments underscore the company’s role in the evolving electrical infrastructure landscape.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.