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Quanta Services , Inc. (NYSE:PWR), a prominent player in the Construction & Engineering industry with annual revenue of $23.7 billion, announced the adoption of new incentive plans for its employees, including executive officers. According to InvestingPro data, the company has maintained profitability over the last twelve months, with an EBITDA of $2 billion. The Compensation Committee of the Board of Directors has established the 2025 annual incentive plan for corporate employees, the 2025 long-term incentive plan for senior leadership, and the 2025 discretionary plan for all employees.
The incentive plans, effective from February 27, 2025, aim to motivate and reward employees based on the achievement of specific performance metrics. The annual incentive plan includes cash awards, restricted stock units (RSUs), and performance stock units (PSUs). These awards are contingent upon meeting annual performance goals such as EBITDA, EBITDA margin, and safety metrics. The company’s focus on performance metrics comes as its stock has experienced a 21% decline year-to-date, though InvestingPro analysis shows strong returns over the past decade.
For the long-term incentive plan, the performance period spans from January 1, 2025, to December 31, 2027. It sets forth objectives including return on invested capital, earnings per share, and total stockholder return. The Compensation Committee has also detailed target incentive amounts for executive officers under the incentive plans.
All equity-based awards under the new incentive plans will be granted in accordance with the Quanta Services, Inc. 2019 Omnibus Equity Incentive Plan, as amended, and the related award agreements. These documents, along with the amendments, are referenced in the company’s recent SEC Form 8-K filing and are incorporated by reference.
Quanta Services has included the terms of the 2025 incentive plans and the forms of the PSU and RSU award agreements as exhibits to the SEC filing. This move underscores the company’s commitment to aligning the interests of its employees with its corporate objectives and enhancing shareholder value through performance-based compensation.
The information provided in this article is based on statements from a recent SEC filing by Quanta Services, Inc. For deeper insights into Quanta’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Quanta Services has been the focus of several analyst adjustments and updates. Stifel analysts lowered their price target for Quanta Services to $323 from $388, maintaining a Buy rating, following the company’s fourth-quarter results. The revenue fell short of expectations, but earnings exceeded forecasts due to arbitration benefits and emergency restoration work. Meanwhile, Bernstein reaffirmed an Outperform rating with a price target of $347, noting Quanta’s 13% year-over-year revenue growth and positive fiscal year 2025 guidance. Roth/MKM initiated coverage with a Buy rating and a $350 price target, emphasizing Quanta’s role in expanding electrical infrastructure for AI and data centers.
Jefferies analyst Julian Dumoulin-Smith reduced the price target to $275 from $321, retaining a Hold rating due to market concerns such as the roll-off of the Investment Tax Credit and challenges in the wind project sector. BMO Capital Markets upgraded Quanta Services from Market Perform to Outperform, adjusting the price target to $316 from $338, citing a compelling investment opportunity due to the company’s diverse project backlog. The firm’s future outlook is supported by a strong 2025 guidance, particularly in the Renewable Energy and Electric Power sectors. The company’s strategic acquisitions and multi-year contracts, such as the fiber network for Lumen Technologies, further bolster its growth trajectory.
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