Quanta Services Inc logo

Quanta Services Inc(PWR)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
4-STAR RATING
PASS
LAST CLOSE
$649.13
09/25/2026
(24-hour delay)

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Upturn Advisory & Investor View for PWR

09/25/2026: PWR (4-star) is currently NOT-A-BUY. Pass it for now.

Quanta Services is a leading provider of specialized infrastructure solutions for the electric power, renewable energy, and communications industries. The company has a strong position in North America, benefiting from a robust backlog of projects driven by grid modernization and the energy transition. Its main growth opportunity lies in the expanding demand for power infrastructure from renewable energy developers and data center operators. However, the company faces risks related to project execution, labor availability, and material cost volatility. It is a growth-oriented stock that may suit investors looking for exposure to essential infrastructure trends, though dividend income remains a secondary priority.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitQuanta is well-positioned to benefit from long-term secular growth trends in grid modernization and renewable energy.
Momentum investorStrong fit while signal remains positiveThe stock often follows strong trends driven by infrastructure spending announcements and backlog growth.
Value investorMixed fitValuation can fluctuate based on project cycles and market sentiment toward infrastructure stocks.
Dividend investorWeak fitQuanta is growth-oriented and offers a modest dividend yield compared to traditional income stocks.
Low-risk investorMixed fitWhile the business has defensive qualities, it is subject to operational risks and sector-specific volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock can experience swings based on industry project flow and general market sentiment.
Valuation riskMediumInvestors must weigh the growth potential against current market multiples in the construction sector.
Competition risk (utility infrastructure)MediumThe sector is fragmented, and competition from regional players can impact pricing and margins.
Business qualityStrongQuanta possesses a high-quality, essential service franchise in energy infrastructure.
Dividend incomeLowIncome is not the primary driver for holding the stock, which prioritizes capital reinvestment.
Execution riskMedium / highThe company's performance depends on the safe and timely completion of complex, high-value projects.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 95.62%
Avg. Invested days 54
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 4.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
PWR receives a 4-star rating, supported by solid company fundamentals, and strong analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
PWR has solid overall fundamentals (4 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+13.7%) and solid cash generation (FCF margin 5.7%) are partially offset by soft profitability (net margin 3.6%), very low insider ownership of 0.67%.

Financial Health Rating

★★★★★
PWR's financial health is supported by strong cash strength, including free-cash-flow generation of $1.6B (5.7% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is PWR's strongest growth driver at +19.8% FY2025 versus FY2024 (solid, 4 stars). Earnings growth (+13.7%, solid) and free-cash-flow growth (+9.7%, moderate) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 94.1% and approximately 99.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.67%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 9.35%
Vanguard Capital Management, LLC 6.46%
Vanguard Portfolio Management, LLC 4.57%
State Street Corp 4.18%
JPMorgan Chase & Co 4.04%

Unit Economics (Per $1K Revenue)

★★★★★
PWR generates approximately $130 of gross profit, $58 of operating income, and $57 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 26.18%

Quantitative Style Profile

★★★★★
PWR has a large-cap, liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Large / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 97.59B USD
Price to earnings Ratio 74.19
1Y Target Price 769.63
Price to earnings Ratio 74.19
1Y Target Price 769.63
Volume (30-day avg) 978.2K shares
Beta 1.2
52 Weeks Range 404.26 - 788.63
Updated Date 09/26/2026
52 Weeks Range 404.26 - 788.63
Updated Date 09/26/2026
Dividends yield (FY) 0.07%
Basic EPS (TTM) 8.75

How Company Makes Money

Business areaWhat it includesRetail investor read
Electric PowerTransmission, distribution, and substation infrastructure services.This is a core revenue driver tied to utility grid maintenance and expansion.
Renewable EnergySolar, wind, and storage construction services.The fastest-growing segment driven by the global shift to green energy.
Underground & CommunicationsFiber deployment, gas pipeline, and water infrastructure.Provides recurring, lower-margin work that stabilizes the revenue base.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 74.19
Forward PE 33
Enterprise Value 101.55B
Price to Sales(TTM) 2.97
Enterprise Value 101.55B
Price to Sales(TTM) 2.97
Enterprise Value to Revenue 3.09
Enterprise Value to EBITDA 32.97
Shares Outstanding 150.34M
Shares Floating 148.97M
Shares Outstanding 150.34M
Shares Floating 148.97M
Percent Insiders 0.67
Percent Institutions 94.07

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

News (Last Updated: 09/26/2026)

About Quanta Services Inc

Exchange NYSE
Headquarters Houston, TX, United States
IPO Launch date 1998-02-12
President, CEO & Director Mr. Earl C. Austin Jr.
Sector Industrials
Industry Engineering & Construction
Full time employees 69500
Full time employees 69500

Quanta Services, Inc. offers infrastructure solutions for the electric and gas utility, power generation, load center, manufacturing, communications, pipeline, and energy industries. The company's Electric Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings. This segment offers aviation; emergency aerial firefighting services; emergency restoration; and other engineering and technical services; design and construction solutions to wireline and wireless communications, cable multi-system operators, technology companies, and other customers; engineering, procurement, new construction, and repair and maintenance services for renewable generation facilities; and training for electric workers, as well as training for the gas distribution and communications industries. Its Underground Utility and Infrastructure Solutions segment is involved in the transportation, distribution, storage, development, and processing of natural gas, oil, and other products, as well as owns and operates large load centers. This segment also engages in the design, engineering, procurement, construction, upgrade, and repair and maintenance services for natural gas systems; pipeline protection, integrity testing, rehabilitation, and replacement services; and catalyst replacement, high-pressure and critical-path turnaround, instrumentation and electrical, piping, fabrication, and storage tank services. The company was formerly known as Fabal Construction, Inc. and changed its name to Quanta Services, Inc. in November 1997. The company was incorporated in 1997 and is headquartered in Houston, Texas.