Mizuho Issues Positive Forecast for Quanta Services (NYSE:PWR) Stock Price

Key Points

• Mizuho raised its price target on Quanta Services to $693 (from $580) but kept a "neutral" rating, a target that still implies roughly a 4.2% downside from the stock's recent price.
• Quanta posted record Q1 results — revenue $7.87B and adjusted EPS $2.68 — and raised FY‑2026 guidance to $13.55–$14.25 while citing a $48.5B backlog that supports multi‑year revenue visibility.
• Several analysts have boosted targets (UBS, JPMorgan, Stifel among them) and the consensus is a Moderate Buy (18 Buys, 7 Holds) with a $638.55 consensus target, even as the stock trades at a premium (recent price ~ $723; P/E ~107) and institutional ownership is ~90%.

Quanta Services (NYSE:PWR - Get Free Report) had its target price raised by stock analysts at Mizuho from $580.00 to $693.00 in a report issued on Friday,MarketScreener reports. The firm currently has a "neutral" rating on the construction company's stock. Mizuho's price objective would indicate a potential downside of 4.21% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. UBS Group upped their price target on Quanta Services from $518.00 to $646.00 and gave the stock a "buy" rating in a report on Friday, February 20th. B. Riley Financial upped their price objective on Quanta Services from $450.00 to $565.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. JPMorgan Chase & Co. upped their price objective on Quanta Services from $627.00 to $805.00 and gave the company an "overweight" rating in a research note on Friday. Stifel Nicolaus upped their price objective on Quanta Services from $647.00 to $654.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. Finally, BNP Paribas Exane assumed coverage on Quanta Services in a research note on Tuesday, April 14th. They issued a "neutral" rating for the company. Eighteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Quanta Services has a consensus rating of "Moderate Buy" and a consensus price target of $638.55.

Quanta Services Stock Down 0.6%

Quanta Services stock traded down $4.33 during trading on Friday, hitting $723.44. 102,105 shares of the company were exchanged, compared to its average volume of 1,089,468. The business's 50 day moving average is $578.99 and its 200 day moving average is $497.61. Quanta Services has a 52 week low of $315.00 and a 52 week high of $736.55. The company has a market capitalization of $108.56 billion, a P/E ratio of 106.92, a PEG ratio of 2.85 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.64. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. Quanta Services's revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Analysts predict that Quanta Services will post 11.97 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cedar Mountain Advisors LLC grew its stake in shares of 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 acquiring an additional 45 shares during the period. Activest Wealth Management grew its stake in shares of Quanta Services by 94.1% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company's stock worth $27,000 after acquiring an additional 32 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Quanta Services during the 4th quarter worth $28,000. Darwin Wealth Management LLC bought a new position in shares of Quanta Services during the 2nd quarter worth $26,000. Finally, MV Capital Management Inc. bought a new position in shares of Quanta Services during the 4th quarter worth $30,000. Institutional investors own 90.49% of the company's stock.

More Quanta Services News

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.

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