Truist Financial Issues Pessimistic Forecast for Quanta Services (NYSE:PWR) Stock Price

Quanta Services (NYSE:PWR) had its price target decreased by Truist Financial from $976.00 to $945.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Truist Financial’s target price indicates a potential upside of 31.55% from the company’s previous close.

A number of other brokerages have also recently weighed in on PWR. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $714.00 price objective on shares of Quanta Services in a research note on Tuesday, July 21st. Guggenheim upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 target price on the stock in a research report on Friday, July 31st. Piper Sandler reduced their price target on shares of Quanta Services from $731.00 to $714.00 and set an “overweight” rating for the company in a research report on Monday, September 28th. Robert W. Baird set a $728.00 price target on shares of Quanta Services in a research note on Friday, July 31st. Finally, BTIG Research downgraded shares of Quanta Services to a “hold” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $765.32.

Quanta Services Stock Performance

NYSE PWR opened at $718.36 on Monday. The company has a fifty day moving average of $647.08 and a two-hundred day moving average of $656.55. The company has a market capitalization of $108.00 billion, a PE ratio of 82.29, a P/E/G ratio of 2.02 and a beta of 1.27. Quanta Services has a 1 year low of $404.51 and a 1 year high of $788.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.93. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The business’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, analysts expect that Quanta Services will post 15.37 earnings per share for the current year.

Hedge Funds Weigh In On Quanta Services

A number of hedge funds and other institutional investors have recently bought and sold shares of PWR. Cedar Mountain Advisors LLC raised its position in Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after buying an additional 45 shares during the last quarter. Boreal Capital Management LLC purchased a new stake in shares of Quanta Services in the first quarter valued at about $27,000. MV Capital Management Inc. purchased a new stake in shares of Quanta Services in the fourth quarter valued at about $30,000. Cornerstone Financial Management LLC increased its stake in shares of Quanta Services by 70.4% during the second quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company’s stock worth $33,000 after acquiring an additional 19 shares during the period. Finally, Nemes Rush Group LLC purchased a new position in Quanta Services during the fourth quarter worth about $34,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Investors are extending a broader rerating of Quanta tied to rising electricity demand from data centers, grid modernization and AI infrastructure. Quanta has reported stronger demand across both major operating segments and highlighted increased technology and data-center work. Quanta Services Rallies as Investors Lean Into Grid and Data-Center Power Theme
• Positive Sentiment: Quanta’s second-quarter results showed substantial operating momentum, including $9.56 billion in revenue, 41.1% year-over-year growth and earnings that exceeded consensus expectations. Record backlog and strong demand are supporting an optimistic outlook.
• Positive Sentiment: The company is targeting approximately $2 billion to $2.5 billion in 2026 free cash flow, with improving collections and backlog conversion potentially strengthening cash generation. Quanta Targets Up to $2.5B FCF: Can Cash Momentum Stay Strong?
• Positive Sentiment: Recent research continues to identify PWR as a momentum and growth stock, with AI-related infrastructure demand supporting its investment case. Several analyst targets remain well above the current trading level. Quanta Services Is a Top-Ranked Momentum Stock
• Neutral Sentiment: Truist lowered its price target from $976 to $945 but maintained a “buy” rating, indicating reduced expectations while still seeing considerable upside. Quanta Services Price Target Cut by Truist Financial
• Negative Sentiment: Insider activity is a potential caution signal: reported open-market insider transactions over the past six months included no purchases and 27 sales, including substantial selling by CEO Earl C. Austin Jr. The stock also trades at a demanding valuation, increasing sensitivity to any slowdown in growth or cash-flow execution.

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company delivers design, engineering, procurement, construction, repair and maintenance services for critical infrastructure across the electric power, energy and communications industries.

Quanta’s electric power operations support transmission and distribution networks, substations, renewable energy projects and related grid infrastructure. Its energy services include work on natural gas and other pipeline systems, utility infrastructure, industrial facilities and energy transition projects.