Quanta Services (NYSE:PWR) Sets New 12-Month High After Better-Than-Expected Earnings

Quanta Services, Inc. (NYSE:PWR)’s share price hit a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $545.00 and last traded at $531.81, with a volume of 149894 shares changing hands. The stock had previously closed at $519.31.

The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The business had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter last year, the business posted $2.94 EPS. The business’s revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS.

Key Headlines Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Q4 results beat expectations: Q4 revenue of $7.84B and adjusted EPS of $3.16 topped consensus, driven by strength in Electric Infrastructure. Higher-than-expected revenue and margin metrics validate topline momentum. PR Newswire: Q4 and FY 2025 Results
• Positive Sentiment: Bigger, more visible backlog: year-end total backlog ~ $44.0B (all‑time highs in Electric segment), improving revenue visibility and supporting multi‑year growth expectations. PR Newswire: Backlog
• Positive Sentiment: Bullish FY2026 guidance: management raised guidance to adjusted EPS $12.65–$13.35 and revenue ~$33.25–$33.75B, both above Street expectations — implies >20% EPS growth and is a primary catalyst for the rally. Company Guidance (see earnings release)
• Positive Sentiment: Strong cash generation and record full‑year metrics: robust adjusted EBITDA, operating cash flow and free cash flow figures support quality of earnings and potential returns to shareholders. PR Newswire: Cash Flow & Metrics
• Neutral Sentiment: Management commentary was upbeat on the earnings call and highlights accelerating grid buildout and large-load utility programs; transcript available for details. Earnings Call Transcript
• Neutral Sentiment: Strategic tuck‑in acquisitions (Tri‑City, Wilson, Billings) expand electrical capabilities and support utility programs — positive for long-term growth but incremental near-term impact. QuiverQuant: Results & Acquisitions
• Negative Sentiment: Notable insider selling and some large institutional reductions were flagged in data feeds — these flows can create short‑term selling pressure even amid positive fundamentals. QuiverQuant: Insider & Institution Activity

Analyst Ratings Changes

PWR has been the subject of a number of research reports. Roth Mkm set a $500.00 price target on shares of Quanta Services and gave the stock a “buy” rating in a research note on Friday, October 31st. Mizuho set a $415.00 target price on Quanta Services in a research report on Tuesday, October 28th. Sanford C. Bernstein raised their target price on Quanta Services from $428.00 to $471.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. Jefferies Financial Group reduced their price target on Quanta Services from $517.00 to $506.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. raised Quanta Services from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $457.00 to $515.00 in a research report on Monday, December 8th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $464.15.

Institutional Trading of Quanta Services

Several institutional investors have recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC boosted its position in shares of Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after buying an additional 45 shares during the last quarter. Activest Wealth Management lifted its stake in Quanta Services by 94.1% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after acquiring an additional 32 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of Quanta Services during the 4th quarter valued at about $28,000. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services in the second quarter worth approximately $26,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after acquiring an additional 49 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Price Performance

The stock has a market capitalization of $82.49 billion, a PE ratio of 81.95, a PEG ratio of 2.52 and a beta of 1.15. The firm’s fifty day moving average price is $462.27 and its two-hundred day moving average price is $432.61. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.