Quanta Services' Premium Valuation Suggests Not To Buy Despite Promising Outlook [Seeking Alpha]
Quanta Services, Inc. (PWR)
Last quanta services, inc. earnings: 2/27 06:55 am
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US:NYSE Investor Relations:
quantaservices.com/2016annualreport/ir-info.html
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Source: Seeking Alpha
The company's last quarter performance showed strong double-digit top-line growth, with the Renewable Energy segment leading the way. The company's outlook is positive, with strong demand for its solutions and a robust backlog, but the stock's valuation is a concern. The Thesis Quanta Services, Inc. ( NYSE: PWR ) has delivered strong growth in recent years, primarily due to strength across its Renewable Energy segment which has grown multifold in the past few years. I anticipate this growth should continue in 2024 as well due to robust backlog levels and continued demand for the company's specialized solutions across all the related industries in which the company operates. The longer term also looks decent due to the multiyear large-scale projects, increasing power demand due to the adoption of new technologies, and a significant amount of federal investment across the industry. The market is anticipating the bottom line to expand in the coming quarters, which should, of cou
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PWR
News
- Quanta Services, Inc. (NYSE: PWR) had its price target raised by analysts at Citigroup Inc. from $275.00 to $285.00. They now have a "buy" rating on the stock.MarketBeat
- Citi's top recommended large-cap stocks [Seeking Alpha]Seeking Alpha
- Quanta Services Announces First Quarter 2024 Earnings Release & Conference Call Schedule [Yahoo! Finance]Yahoo! Finance
- Quanta Services Announces First Quarter 2024 Earnings Release & Conference Call SchedulePR Newswire
- Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio [Yahoo! Finance]Yahoo! Finance
PWR
Earnings
- 2/22/24 - Beat
PWR
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEFA14A
- 4/12/24 - Form DEF
- PWR's page on the SEC website