Quanta Services (NYSE:PWR) Price Target Raised to $800.00

Quanta Services (NYSE:PWR) had its price objective hoisted by investment analysts at Evercore from $635.00 to $800.00 in a report issued on Friday,MarketScreener reports. The firm currently has an “outperform” rating on the construction company’s stock. Evercore’s price target indicates a potential upside of 10.58% from the company’s current price.

A number of other equities analysts have also issued reports on PWR. B. Riley Financial upped their target price on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. TD Cowen lifted their target price on shares of Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and increased their price target for the company from $600.00 to $650.00 in a research note on Friday, March 27th. Citigroup increased their price target on Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a research note on Monday. Finally, Sanford C. Bernstein increased their price target on Quanta Services from $515.00 to $538.00 in a research note on Wednesday, April 1st. Eighteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $638.55.

Quanta Services Price Performance

Shares of PWR stock traded down $4.33 during trading hours on Friday, reaching $723.44. 102,105 shares of the company were exchanged, compared to its average volume of 1,089,468. Quanta Services has a fifty-two week low of $315.00 and a fifty-two week high of $736.55. The stock’s fifty day moving average is $578.99 and its two-hundred day moving average is $497.61. The company has a market cap of $108.56 billion, a price-to-earnings ratio of 106.92, a P/E/G ratio of 2.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the business earned $1.78 earnings per share. Quanta Services’s quarterly revenue was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts forecast that Quanta Services will post 11.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quanta Services

Several hedge funds have recently bought and sold shares of PWR. Lewis Asset Management LLC increased its holdings in shares of Quanta Services by 2.5% in the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after acquiring an additional 17 shares during the last quarter. Stiles Financial Services Inc increased its holdings in shares of Quanta Services by 1.8% in the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock valued at $542,000 after acquiring an additional 17 shares during the last quarter. Quantum Portfolio Management LLC increased its holdings in shares of Quanta Services by 2.2% in the 4th quarter. Quantum Portfolio Management LLC now owns 946 shares of the construction company’s stock valued at $399,000 after acquiring an additional 20 shares during the last quarter. Arete Wealth Advisors LLC increased its holdings in shares of Quanta Services by 2.2% in the 4th quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company’s stock valued at $387,000 after acquiring an additional 20 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its position in shares of Quanta Services by 1.2% in the 4th quarter. Icon Wealth Advisors LLC now owns 1,733 shares of the construction company’s stock valued at $731,000 after purchasing an additional 21 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Quanta Services

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

• Positive Sentiment: Record Q1 results: Quanta reported record Q1 revenue of $7.87B, adjusted EPS $2.68 (GAAP diluted EPS $1.45), strong cash flow and a $48.5B backlog — results the company called “record” and that underpin the bullish reaction. QUANTA SERVICES REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Raised FY‑2026 guidance: Management lifted full‑year EPS guidance to $13.55–$14.25 and raised revenue targets (roughly $34.7B–$35.2B), topping consensus and signaling stronger-than-expected demand and margin prospects. View Press Release / Conference Call
• Positive Sentiment: Record backlog and infrastructure demand: Management and analysts highlighted a record backlog/RPO and sustained infrastructure spending (power, data centers, electrification), supporting multi‑year revenue visibility. This backlog lift was a headline on the earnings call. Quanta Services Lifts Outlook on Record Backlog
• Positive Sentiment: Analyst reaction: At least one firm (Truist) raised its price target after the results, reflecting improved earnings power and supporting further upside in the stock. Truist Raises PT on Quanta Services (PWR) Stock
• Positive Sentiment: Market commentary and momentum: Multiple market outlets note the shares are rallying on the earnings beat, raised outlook and infrastructure tailwinds — reinforcing short‑term buying interest. Quanta Services Shares Rally On Record Infrastructure Demand
• Neutral Sentiment: Earnings call details/transcript: The full call transcript provides color on segment execution, margin drivers, and project cadence — useful for due diligence but not materially new beyond the headline beat and guidance. Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst and sector write‑ups: Several analyst notes and comparisons (Zacks, The Motley Fool) walk through key metrics and explain why the stock is powering higher this week — helpful context on valuation, risks and competitive positioning. Why Quanta Services Stock Is Powering Higher This Week

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.