Truth be told, Mr. Cramer saw the portfolio potential of PWR and GEV not too long after we did.
I don't know his thinking on Prysmian (wires) or Cameco (nuke plants, uranium mining)
From Insider Monkey, May 3:
Jim Cramer on Quanta Services: “It’s Been Worth Owning”
Quanta Services, Inc. (NYSE:PWR) was among the stocks Jim Cramer highlighted, as he discussed the massive AI infrastructure buildout. Cramer called the company an “obvious winner when you want to build out the electric grid,” as he stated:
I’m going to go down, literally go down the S&P’s top gainers today. I’m doing a little bit of order that changes just so we can get the narrative right, but let’s see if they’re representative of anything other than the data center, even if they’re involved in it. So let’s start with Quanta Services, PWR. This stock soared nearly 16% today. That’s a big gain. It’s an installer of power lines and infrastructures of all kinds. Quanta’s been a decent company for a long time. It’s been worth owning, but it’s been roaring because it’s the obvious winner when you want to build out the electric grid.
Management explains this very clearly right at the beginning of this incredibly stunning positive conference call they had today, “Utilities are being asked to double in size. Technology customers are demanding speed at scale they haven’t dealt with before.” See, this is a whole new way our country’s doing business. A rally that includes Quanta tells you that the data centers about a lot more than just the semiconductors and disk drives. Data centers are like giant mouths that must be fed with constant activity and never-ending electricity.
We know there are many ways for the utilities to produce more energy, the most frequent being converting natural gas to a GE turbine that’s connected to the grid. Quanta builds that. They can also build the other end where the grids connect to the data center. Quanta does this with American labor....
....MORE
The stock is up again in premarket trade, +$15.10 (+1.99%) at $772.44 following yesterday's $15.13 (+2.04%) pop (and the 16% he mentioned above, and the last two years and...)
From TradingView:
The verticality at the end of the timeline is nice for the P&L but probably signals our time is growing short.
Up 71% over the last six months through May 4, up 133% over 12 months and up 673% over the last five years. “It’s Been Worth Owning”
If interested see also:
April 30 - "Quanta Services soars 10% on earnings beat and raised outlook" (PWR)
April 30 - "Quanta (PWR) Q1 2026 Earnings Call Transcript" April 30, 2026
And some history of the infrastructure build-out over the last couple years, April 21:
"GE Vernova and Vertiv Report Wednesday: The Real AI Data-Center Trade" (GEV; VRT)
April 9 - Quanta Services Breaks Out To A New All-Time High (PWR)
April 8 - "America’s AI Build-Out Hinges on Chinese Electrical Parts"
Also:
- February 27 - ICYMI: "Quanta Services Commits $700 Million to Bolster Transformer and Supply Chain Infrastructure" (PWR)
- March 25 - Grid: "Wait times for Hitachi Energy transformers hit more than 30 months" - UPDATED
- March 26 - More On Electrical Transformer Shortages, This One's Big: "Micron's $24 billion Singapore fab could need 500 transformers...."
