Not just hanging wires.
From Transformer Technology magazine, February 24:
During its fourth-quarter 2025 earnings call last week, Quanta Services detailed a strategic plan to invest between $500 million and $700 million over the next several years into its power transformer manufacturing and vertical supply chain infrastructure.
According to President and CEO Earl C. “Duke” Austin, the capital deployment is intended to de-risk the company’s project execution by securing the availability of high-voltage components, specifically 345 kV through 765 kV power transformers and circuit breakers. Austin noted that these specific assets are currently facing significant industry lead times that could otherwise impact the company’s ability to meet project schedules.
The investment marks a significant expansion of the manufacturing capabilities Quanta acquired through its 2023 purchase of Pennsylvania Transformer Technology (PTT). Management stated that this capital will be used to scale PTT’s existing footprint to meet increasing demand from the utility and technology sectors.
During the call, Quanta leadership described the move as part of a broader transition toward a "total solutions" model and a shift from spot-market bidding to long-term "programmatic" contracts....
....MUCH MORE
If interested see February 19's "Quanta Services Q4 2025 Earnings Call Transcript - February 19, 2026 (PWR)"
Today the stock is down $11.99 (-2.12%) at $553.06.
