Quanta Services (NYSE:PWR) Given New $693.00 Price Target at Mizuho

Quanta Services (NYSE:PWR) had its price objective raised by stock analysts at Mizuho from $580.00 to $693.00 in a note issued to investors on Friday,MarketScreener reports. The firm currently has a “neutral” rating on the construction company’s stock. Mizuho’s target price indicates a potential downside of 4.21% from the company’s current price.

A number of other analysts have also recently issued reports on PWR. TD Cowen increased their price objective on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. BNP Paribas Exane began coverage on Quanta Services in a report on Tuesday, April 14th. They issued a “neutral” rating on the stock. B. Riley Financial raised their price target on Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Cantor Fitzgerald raised their price target on Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Finally, Sanford C. Bernstein raised their price target on Quanta Services from $515.00 to $538.00 in a report on Wednesday, April 1st. Eighteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $638.55.

Quanta Services Price Performance

PWR traded down $4.33 during trading on Friday, reaching $723.44. 102,105 shares of the company were exchanged, compared to its average volume of 1,089,468. The company’s 50-day moving average is $578.99 and its two-hundred day moving average is $497.61. The company has a market cap of $108.56 billion, a price-to-earnings ratio of 106.92, a P/E/G ratio of 2.85 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. Quanta Services has a 12-month low of $315.00 and a 12-month high of $736.55.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts forecast that Quanta Services will post 11.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Quanta Services

Several institutional investors and hedge funds have recently bought and sold shares of PWR. Cedar Mountain Advisors LLC grew its position in 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 last quarter. Darwin Wealth Management LLC bought a new position in Quanta Services during the 2nd quarter worth approximately $26,000. Activest Wealth Management grew its position in 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 last quarter. Flagship Harbor Advisors LLC bought a new position in Quanta Services during the 4th quarter worth approximately $28,000. Finally, Cornerstone Planning Group LLC grew its position in Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after acquiring an additional 49 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

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

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.