From Investing.com, September 24:
Jefferies bullish on Quanta Services on data center growth
Jefferies upgraded Quanta Services to Buy from Hold, saying the engineering and construction company is positioned for earnings growth as it expands into data centers, renewables, transmission, and pipeline projects.
The brokerage raised its price target to $469, highlighting what it called Quanta’s “best-in-class execution” and ability to self-perform more than 80% of its work, supporting margins above 10%.
It expects the company to deliver high-teens earnings growth through the next decade.Jefferies now models an 18.4% compound annual EPS growth rate from 2026 to 2030, above its prior forecast and consensus of 17.9%.....
....MUCH MORE
The stock is up $12.29 (+3.15%) at $401.82 after getting to $407.08 earlier in the session.
As last mentioned in September 20's "US DOE launches initiative to accelerate development of large scale transmission and generation projects":
Well that's right in our wheelhouse, what with the PWR and the GEV and CCJ and PRY(.mi)....
