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Barchart
Barchart
Neha Panjwani

Are Wall Street Analysts Bullish on Quanta Services Stock?

PWR

Quanta Services, Inc. (PWR), headquartered in Houston, Texas, provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries. Valued at $39.7 billion by market cap, the company also installs transportation control and lighting systems and provides specialty electric power and communication services for industrial and commercial customers. 

Shares of this leading provider of specialized contracting services have outperformed the broader market over the past year. PWR has gained 31.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.7%. In 2024, PWR stock is up 25.3%, surpassing SPX’s 18% rise on a YTD basis. 

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