From Investing.com (Canada), August 3:
TD Cowen raised its price target on Quanta Services (NYSE:PWR) to $785 from $775 while maintaining a Buy rating.
The firm noted that Quanta Services shares rose 17% on the day of its second-quarter earnings release following a strong beat and an upgrade to the 2026 guidance. The stock, currently trading at $667.36, has delivered a remarkable 58% return year-to-date and 69% over the past year. According to InvestingPro data, 12 analysts have revised their earnings upwards for the upcoming period, while net income is expected to grow this year—two of 17 key insights available to subscribers.
The revised guidance included four acquisitions, but excluding mergers and acquisitions, second-half revenue was revised approximately 12% higher. The increase was supported by 5% quarter-over-quarter backlog growth excluding M&A activity....
....MUCH MORE
In early pre-market trade the stock is up $18.03 (+2.70%) to $ 685.30
Among the acquisitions is this via the Cincinnati Business Courier, July 31:
Storied Cincinnati firm acquired by Fortune 500 company, plans HQ move
....MUCH MOREQuanta Services, a Houston-based Fortune 500 company, acquired Enerfab, a Cincinnati industrial contractor. Enerfab will relocate its headquarters from Spring Grove Village to Blue Ash in December. Quanta's $150 billion bonding capacity enables Enerfab to pursue larger industrial projects....
Recently on PWR:
July 29 - Chartology: Ahead of Quanta Services July 30 Earnings Release (PWR)
During July 29's trading action the stock completely filled a gap on the chart from April 7 - 8.
July 30 - "QUANTA SERVICES REPORTS SECOND QUARTER 2026 RESULTS" (PWR)
July 30 - "Earnings call transcript: Quanta Services posts big Q2 2026 beat, lifts outlook" (PWR)
The stock is changing hands at $642.27 up $81.13 (+14.46%) after getting as high as $678.98 on a burst of enthusiasm or, more likely terror from someone caught short.
As we noted introducing Jule 18's "Nice Words For Quanta Systems From The Dow Jones Empire (PWR)"
Quanta has been a member of our hyper-concentrated electricity mini-portfolio for going-on three years. 3-Year performance: up 285.94% vs the S&P's +68.27%. 1-year performance: up 99.53% vs. +24.03% for the S&P 500. Year to date: up 69.45% vs. +8.39%.
They are the class act of heavy-duty electrical contracting.