The Infrastructure Theme Is For Real (PWR)

Here's a January 8 post:
"There’s a Shortage of Electrical Wires, Transformers. That’s Good for These Stocks."

Over the next twenty years the entire U.S. electrical grid will have to be replaced.

Fifteen years ago when President Obama and Vice President Biden were talking Recovery Summer and "shovel ready jobs" the go-to stock for transmission infrastructure was Quanta Services (PWR). Unfortunately the The American Recovery and Reinvestment Act of 2009 ended up shoveling money to political constituencies other than the grid.*

PWR is still the contractor that utilities think of first when stringing lines but here's a slightly different approach. From Barron's, January 7....

Here's the chart for PWR since the 1st of the year:

BigCharts

Currently changing hands at  $232.115 down $0.815 (-0.35%)

The jump was in response to "Quanta Services (PWR) Q4 Earnings and Revenues Surpass Estimates"—Zacks via Yahoo Finance, February 22

Here's the earnings call transcript.

And some of this year's infrastructure posts:

January 31:"KKR raises $6.4 bln for its Asian infrastructure fund" (KKR)

January 8 "East Coast land continues to collapse at a worrying rate It's steadily sinking or subsiding, which is destabilizing levees, roads, and airports."
January 8: "There’s a Shortage of Electrical Wires, Transformers. That’s Good for These Stocks."
January 12: (Big) Batteries: "‘World leading' Tesla battery online to help kick coal out of Hawaii" (TSLA)
January 12: BlackRock Goes Large-by-Large In Infrastructure (BLK)"
January 15: "Investors look set to pour cash into infrastructure following BlackRock acquisition" (BLK)
January 16: "BlackRock Acquisition Triples Its Business of Building Airports, Roads, and Utilities"
I'm telling ya, this is a big deal. Not just for the $12.5 billion purchase price but for the $100+ billion in assets that GIP manages.
January 23: Minerals-for-Infrastructure: "Congo and China Talking $7 Billion In Finance, Tshisekedi Says"
January 23: DEI and ESG Live On, We Just Won't Talk About Them (BLK)
That's one lesson from BlackRock's purchase of Global Infrastructure Partners.
January 29: RAND: "The U.S. Must Close the Long-Distance Power Transmission Gap with China"Or, as the Financial Times put it, a bit more succinctly, February 1, 2024:

KKR has raised a record $6.4bn for its latest Asian infrastructure fund, capping a month of frenzied investment activity in the sector at a time when broader private equity fundraising has slowed.
—KKR raises record $6.4bn for Asia fund in infrastructure rush

Related, December 4, 2023:
Russell Napier Called It: "The Eyepopping Factory Construction Boom in the US"