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

Key Points

• Evercore raised its price target to $800 (from $635) and kept an outperform rating, implying roughly a 10.6% upside from the prior close.
• Record Q1 results: Quanta reported $7.87B revenue and $2.68 adjusted EPS, topped estimates, raised FY‑2026 guidance to $13.55–$14.25, and cited a record $48.5B backlog supporting multi‑year demand visibility.
• Analyst/market context: 18 analysts rate the stock a Buy versus 7 Holds with an average target of $638.55, while shares traded around $723.44 (market cap ~$108.6B, P/E ~107), leaving the stock priced above the consensus target.

Quanta Services (NYSE:PWR - Get Free Report) had its price target increased by equities researchers at Evercore from $635.00 to $800.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has an "outperform" rating on the construction company's stock. Evercore's price target suggests a potential upside of 10.58% from the company's previous close.

Several other research analysts also recently issued reports on PWR. TD Cowen boosted their price objective 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. Weiss Ratings restated a "buy (b-)" rating on shares of Quanta Services in a report on Friday, April 10th. UBS Group boosted their price objective on shares of Quanta Services from $518.00 to $646.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Bank of America boosted their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Finally, Stifel Nicolaus upped their target price on shares of Quanta Services from $647.00 to $654.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. Eighteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and an average target price of $638.55.

Quanta Services Stock Performance

PWR traded down $4.33 during trading on Friday, hitting $723.44. The stock had a trading volume of 102,105 shares, compared to its average volume of 1,089,468. The firm has a market cap of $108.56 billion, a PE ratio of 106.92, a P/E/G ratio of 2.85 and a beta of 1.10. Quanta Services has a 12 month low of $315.00 and a 12 month high of $736.55. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The company has a 50 day simple moving average of $578.99 and a 200-day simple moving average of $497.61.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $7 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The business'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 expect that Quanta Services will post 11.97 EPS for the current year.

Hedge Funds Weigh In On Quanta Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC boosted its position in Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company's stock valued at $25,000 after buying an additional 45 shares in the last quarter. Activest Wealth Management boosted its position in Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company's stock valued at $27,000 after buying an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Quanta Services in the fourth quarter valued at about $28,000. Darwin Wealth Management LLC acquired a new position in Quanta Services in the second quarter valued at about $26,000. Finally, MV Capital Management Inc. acquired a new position in Quanta Services in the fourth quarter valued at about $30,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services News Summary

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

Quanta Services Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.