Quanta Services, Inc. provides specialty contracting services worldwide. The Electric Power Infrastructure Solutions segment engages in the design, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; energized installation, maintenance, and upgrade of electric power infrastructure; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings. This segment also offers other engineering and technical services; emergency restoration services; engineering and construction services for the switchyards and transmission infrastructures; engineering and construction services related to micro-grids and battery storage; design and construction solutions to wireline and wireless communications companies and cable multi-system operators; aviation services; and training for electric workers, and gas distribution and communications industries. The Underground Utility and Infrastructure Solutions segment provides design, engineering, construction, upgrade repair, and maintenance services to customers involved in the transportation, distribution, storage and processing of natural gas, oil and other products; pipeline protection, integrity testing, rehabilitation and replacement; catalyst replacement, high-pressure and critical-path turnaround, instrumentation and electrical, and piping, and fabrication and storage tank services; engineering and construction services for pipeline systems, storage systems, and compressor and pump stations; fabrication of pipeline support systems and related structures and facilities; trenching, directional boring, and mechanized welding services; and construction services for the offshore energy market, as well as designs, installs, and maintains fueling systems and water and sewer infrastructure. The company was incorporated in 1997 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: quantaservices.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/15/2024 | $280.00 → $335.00 | Buy | TD Cowen |
10/7/2024 | $297.00 | Neutral | JP Morgan |
9/19/2024 | $313.00 | Outperform | Wolfe Research |
9/4/2024 | $256.00 | Hold | Jefferies |
8/8/2024 | $270.00 → $280.00 | Buy | TD Cowen |
3/14/2024 | $301.00 | Buy | Truist |
2/27/2024 | $205.00 → $270.00 | Outperform | TD Cowen |
2/13/2024 | $237.00 | Outperform | Evercore ISI |
1/10/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
11/16/2023 | $212.00 | Buy | Stifel |
HOUSTON, Nov. 21, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.10 per share, or a rate of $0.40 per share on an annualized basis, which represents an approximately 11.1% increase from Quanta's last quarterly cash dividend paid in October 2024. The dividend is payable on January 13, 2025, to stockholders of record as of January 2, 2025. About Quanta ServicesQuanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure
Baird Global Industrial Conference UBS Global Industrials and Transportation Conference HOUSTON, Nov. 6, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today that company management will participate in two institutional investor conferences during the fourth quarter of 2024; the Baird Global Industrial Conference and the UBS Global Industrials and Transportation Conference. Baird Global Industrial ConferenceDuke Austin, Chief Executive Officer and Jayshree Desai, Chief Financial Officer, will meet with institutional investors during the conference on Nov. 13,
Third Quarter Consolidated Revenues of $6.5 Billion* Third Quarter GAAP Diluted EPS of $1.95* and Adjusted Diluted EPS of $2.72* Net Income Attributable to Common Stock of $293.2 Million* and Adjusted EBITDA of $682.8 Million* Year-to-Date Cash Flow From Operations of $1.37 Billion* and Free Cash Flow of $979.3 Million* Remaining Performance Obligations of $15.6 Billion* and Total Backlog of $34.0 Billion* Raising Mid-Point of Full-Year 2024 Adjusted Earnings Per Share Expectations * = Record quarterly or record third quarter result HOUSTON, Oct. 31, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) today announced results for the three and nine months ended September 30, 2024. Revenues
PHOENIX, Oct. 22, 2024 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation ("WillScot" or the "Company") (NASDAQ:WSC), a leader in innovative flexible space and storage solutions, today announced the appointment of Worthing Jackman to the WillScot Board of Directors, effective October 22, 2024. Erik Olsson, Chairman of WillScot, commented, "We are pleased to welcome Worthing Jackman to the WillScot Board, as part of our Board's ongoing refreshment efforts. Mr. Jackman's appointment demonstrates our commitment to enhancing and diversifying skills, expertise, and knowledge as WillScot continues to execute its growth strategy and enhance its financial and operational performance. He is a sea
HOUSTON, Oct. 16, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today that it will release its third quarter 2024 financial results on Thursday, October 31, 2024, before the market opens. In conjunction with the press release, Quanta has scheduled a conference call and webcast for 9:00 a.m. Eastern time on Thursday, October 31, 2024. Earnings Call Format and Supplemental MaterialsShortly following the issuance of its third quarter 2024 earnings release, Quanta will post its Third Quarter 2024 Operational and Financial Commentary on the Investor Relations sect
Includes Climate Goals Underscoring Quanta's Long-Term Ambition to Be a Critical Partner in Enabling the Energy Transition While Reducing the Carbon Intensity of Its Operational Footprint HOUSTON, Sept. 30, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today the release of its 2023 Sustainability Report. The report, titled "Forging the Future," highlights Quanta's critical role in enabling the energy transition and the company's vision to leave a measurable, sustainable legacy on people and our planet, with a steadfast focus on employees, customers and communities. The report includes Quanta's goal to grow its positive impact on society through collaboration with its custom
HOUSTON, Sept. 23, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today that company management will participate in the Wolfe Research Utilities, Midstream & Clean Energy Conference 2024. Duke Austin, Chief Executive Officer and Jayshree Desai, Chief Financial Officer, will meet with institutional investors during the conference on Oct. 1, 2024. Mr. Austin and Ms. Desai will also participate in a fireside chat hosted by Wolfe Research analyst Steve Fleishman on the same day at 10:20 a.m. Eastern time, which will be broadcast live over the Internet. Live webcast links and archived replays of this presentation will be available in the "News & Events" area of the Investor Relat
OSCEOLA, Ark., Sept. 11, 2024 /PRNewswire/ -- Hybar LLC, a company building a technologically advanced environmentally sustainable scrap metal recycling steel rebar mill in northeast Arkansas, announced today that Quanta Services, Inc. (NYSE:PWR) recently made a strategic equity investment in Hybar. Quanta Services joins Hybar's existing high-profile group of equity investors, including TPG Rise Climate, the dedicated climate investing strategy of TPG's global impact investing platform; Koch Minerals & Trading, a Koch subsidiary specializing in commodity trading and services; and Global Principal Partners, the investment entity used by Hybar's senior management team.
HOUSTON, Aug. 29, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.09 per share, or a rate of $0.36 per share on an annualized basis. The dividend is payable on October 11, 2024, to stockholders of record as of October 1, 2024. About Quanta ServicesQuanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, renewable energy, technology, communications, pipeline and energy industries. Quanta'
HOUSTON, Aug. 7, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) ("Quanta") announced today the pricing of its offering (the "Offering") of (i) $600,000,000 aggregate principal amount of 4.75% senior notes due 2027 (the "2027 Notes") at a price to the public 99.818% of their face value, and (ii) $650,000,000 aggregate principal amount of 5.25% senior notes due 2034 (the "2034 Notes" and, together with the 2027 Notes, the "Notes") at a price to the public 99.409% of their face value. The Offering is expected to close on August 9, 2024, subject to the satisfaction of customary closing conditions. Quanta intends to use the net proceeds from the Offering to repay existing indebtedness, inc
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HOUSTON, Nov. 21, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.10 per share, or a rate of $0.40 per share on an annualized basis, which represents an approximately 11.1% increase from Quanta's last quarterly cash dividend paid in October 2024. The dividend is payable on January 13, 2025, to stockholders of record as of January 2, 2025. About Quanta ServicesQuanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure
Third Quarter Consolidated Revenues of $6.5 Billion* Third Quarter GAAP Diluted EPS of $1.95* and Adjusted Diluted EPS of $2.72* Net Income Attributable to Common Stock of $293.2 Million* and Adjusted EBITDA of $682.8 Million* Year-to-Date Cash Flow From Operations of $1.37 Billion* and Free Cash Flow of $979.3 Million* Remaining Performance Obligations of $15.6 Billion* and Total Backlog of $34.0 Billion* Raising Mid-Point of Full-Year 2024 Adjusted Earnings Per Share Expectations * = Record quarterly or record third quarter result HOUSTON, Oct. 31, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) today announced results for the three and nine months ended September 30, 2024. Revenues
HOUSTON, Oct. 16, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today that it will release its third quarter 2024 financial results on Thursday, October 31, 2024, before the market opens. In conjunction with the press release, Quanta has scheduled a conference call and webcast for 9:00 a.m. Eastern time on Thursday, October 31, 2024. Earnings Call Format and Supplemental MaterialsShortly following the issuance of its third quarter 2024 earnings release, Quanta will post its Third Quarter 2024 Operational and Financial Commentary on the Investor Relations sect
HOUSTON, Aug. 29, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.09 per share, or a rate of $0.36 per share on an annualized basis. The dividend is payable on October 11, 2024, to stockholders of record as of October 1, 2024. About Quanta ServicesQuanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, renewable energy, technology, communications, pipeline and energy industries. Quanta'
Second Quarter Consolidated Revenues of $5.59 Billion* Second Quarter GAAP Diluted EPS of $1.26* and Adjusted Diluted EPS of $1.90* Net Income Attributable to Common Stock of $188.2 Million* and Adjusted EBITDA of $523.2 Million* Year-to-Date Cash Flow From Operations of $629.3 Million and Free Cash Flow of $439.8 Million Remaining Performance Obligations of $14.4 Billion* and Total Backlog of $31.3 Billion* Updating Full-Year 2024 Financial Expectations for the Expected Contribution of Cupertino Electric * = Record quarterly or record second quarter result HOUSTON, Aug. 1, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) today announced results for the three and six months ended June
Combination Creates a Comprehensive End-to-End Electrical Infrastructure Solution from Electron Generation to Transmission to Consumption Highly Synergistic Low-Voltage Electrical Workforce and Complementary Customer Base Provides a Platform for Growth Across Several Strategic Verticals That Are Driving Load GrowthIncreases Quanta's Exposure to the Technology Industry, a Growing Market of Critical Infrastructure Requiring Comprehensive Power SolutionsExpected to be Immediately Accretive to Quanta's Growth, Cash Flow Conversion and Earnings Per Share Excluding Expected SynergiesEstimated Full-Year 2025 Adjusted EBITDA and Adjusted Diluted EPS Contributions of Approximately $175MM - $195MM and
HOUSTON, July 11, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today that it will release its second quarter 2024 financial results on Thursday, August 1, 2024, before the market opens. In conjunction with the press release, Quanta has scheduled a conference call and webcast for 9:00 a.m. Eastern time on Thursday, August 1, 2024. Earnings Call Format and Supplemental MaterialsShortly following the issuance of its second quarter 2024 earnings release, Quanta will post its Second Quarter 2024 Operational and Financial Commentary on the Investor Relations secti
HOUSTON, May 24, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.09 per share, or a rate of $0.36 per share on an annualized basis. The dividend is payable on July 12, 2024, to stockholders of record as of July 1, 2024. About Quanta ServicesQuanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, renewable energy, communications, pipeline and energy industries. Quanta's comprehensive ser
First Quarter Consolidated Revenues of $5.03 Billion* First Quarter GAAP Diluted EPS of $0.79 and Adjusted Diluted EPS of $1.41* Net Income Attributable to Common Stock of $118.4 Million and Adjusted EBITDA of $387.3 Million* Cash Flow From Operations of $238.0 Million* and Free Cash Flow of $181.2 Million* Remaining Performance Obligations of $14.9 Billion* and Total Backlog of $29.9 Billion* Raising Full-Year 2024 Revenue and Earnings Per Share Expectations * = Record quarterly or record first quarter result HOUSTON, May 2, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) today announced results for the three months ended March 31, 2024. Revenues in the first quarter of 2024 were $5.
HOUSTON, April 4, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today that it will release its first quarter 2024 financial results on Thursday, May 2, 2024, before the market opens. In conjunction with the press release, Quanta has scheduled a conference call and webcast for 9:00 a.m. Eastern time on Thursday, May 2, 2024. Earnings Call Format and Supplemental MaterialsShortly following the issuance of its first quarter 2024 earnings release, Quanta will post its First Quarter 2024 Operational and Financial Commentary on the Investor Relations section of the
TD Cowen reiterated coverage of Quanta Services with a rating of Buy and set a new price target of $335.00 from $280.00 previously
JP Morgan initiated coverage of Quanta Services with a rating of Neutral and set a new price target of $297.00
Wolfe Research initiated coverage of Quanta Services with a rating of Outperform and set a new price target of $313.00
Jefferies initiated coverage of Quanta Services with a rating of Hold and set a new price target of $256.00
TD Cowen reiterated coverage of Quanta Services with a rating of Buy and set a new price target of $280.00 from $270.00 previously
Truist initiated coverage of Quanta Services with a rating of Buy and set a new price target of $301.00
TD Cowen reiterated coverage of Quanta Services with a rating of Outperform and set a new price target of $270.00 from $205.00 previously
Evercore ISI initiated coverage of Quanta Services with a rating of Outperform and set a new price target of $237.00
KeyBanc Capital Markets downgraded Quanta Services from Overweight to Sector Weight
Stifel resumed coverage of Quanta Services with a rating of Buy and set a new price target of $212.00
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To gain an edge, this is what you need to know today. GDP Brings Buying Please click here for an enlarged chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows a drop in QQQ. The drop in QQQ was triggered by speculative sentiment pulling back. As a reader of The Arora Report, you knew in advance that speculative sentiment could fall as a result of Tesla Inc (NASDAQ:TSLA) earnings. The chart shows that QQQ is approaching the support zone. RSI on the chart shows that QQQ is now oversold. Oversold markets tend to bounce. The chart shows that the volume was low on the selloff. This indicates a lack of conviction in selling. Especially hard hit in
Citigroup analyst Andrew Kaplowitz maintains Quanta Services (NYSE:PWR) with a Buy and raises the price target from $299 to $302.
Across the recent three months, 9 analysts have shared their insights on Quanta Services (NYSE:PWR), expressing a variety of opinions spanning from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 3 2 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $287.22, a high estimate of $310.00, and a low estimate of $250.00. This current avera
Baird analyst Andrew Wittmann maintains Quanta Services (NYSE:PWR) with a Outperform and raises the price target from $287 to $288.
U.S. stocks were higher, with the Dow Jones index gaining around 150 points on Thursday. Shares of Cintas Corporation (NASDAQ:CTAS) rose during Thursday's session after the company reported better-than-expected quarterly EPS and revenues. Cintas reported fourth-quarter earnings per share of $3.99, beating the street view of $3.80. The company registered quarterly revenues of $2.471 billion, beating the street view of $2.468 billion, according to data from Benzinga Pro. Cintas shares gained 5.3% to $758.25 on Thursday. Here are some other big stocks recording gains in today’s session. Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares gained 47.6% to $37.29 after the company and Darde
Quanta Services (NYSE:PWR) has outperformed the market over the past 20 years by 12.16% on an annualized basis producing an average annual return of 20.63%. Currently, Quanta Services has a market capitalization of $37.76 billion. Buying $1000 In PWR: If an investor had bought $1000 of PWR stock 20 years ago, it would be worth $45,347.37 today based on a price of $257.94 for PWR at the time of writing. Quanta Services's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated c
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PHOENIX, Oct. 22, 2024 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation ("WillScot" or the "Company") (NASDAQ:WSC), a leader in innovative flexible space and storage solutions, today announced the appointment of Worthing Jackman to the WillScot Board of Directors, effective October 22, 2024. Erik Olsson, Chairman of WillScot, commented, "We are pleased to welcome Worthing Jackman to the WillScot Board, as part of our Board's ongoing refreshment efforts. Mr. Jackman's appointment demonstrates our commitment to enhancing and diversifying skills, expertise, and knowledge as WillScot continues to execute its growth strategy and enhance its financial and operational performance. He is a sea
OSCEOLA, Ark., Sept. 11, 2024 /PRNewswire/ -- Hybar LLC, a company building a technologically advanced environmentally sustainable scrap metal recycling steel rebar mill in northeast Arkansas, announced today that Quanta Services, Inc. (NYSE:PWR) recently made a strategic equity investment in Hybar. Quanta Services joins Hybar's existing high-profile group of equity investors, including TPG Rise Climate, the dedicated climate investing strategy of TPG's global impact investing platform; Koch Minerals & Trading, a Koch subsidiary specializing in commodity trading and services; and Global Principal Partners, the investment entity used by Hybar's senior management team.
Ticker Symbol Changing to AIOT with July 1st Market Open WOODCLIFF LAKE, N.J., June 10, 2024 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:PWFL) today announced that they are set to join the small-cap Russell 2000® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, 2024, according to a preliminary list of additions posted Friday, May 24, 2024. Additionally, to reflect its position as a top-tier global artificial intelligence of things (AIoT) software-as-a-service (SaaS) provider, Powerfleet wil
HOUSTON, May 28, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today the election of two new independent directors, Warner L. Baxter and Jo-ann dePass Olsovsky, to the company's Board of Directors at the 2024 Annual Meeting of Stockholders, as well as the appointment of Doyle N. Beneby as the new independent Chairman of the Board. Doyle Beneby, Quanta Services' independent Chairman of the Board, commented, "We are pleased to welcome Warner and Jo-ann to the Quanta Services Board of Directors. Warner brings extensive experience as a senior executive and direct
Adds Extensive Executive-Level Leadership and Human Resources Experience HOUSTON, June 26, 2023 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today the appointment of Raúl J. Valentín to the company's Board of Directors. He brings extensive executive-level leadership and human resources experience and expertise to Quanta's board. David McClanahan, Quanta Services' independent Chairman of the Board, commented, "We are pleased to welcome Raúl to the Quanta Services Board of Directors. He is an accomplished public company human resources executive with extensive peop
Adds Extensive Executive-Level Leadership, Operations Expertise & Financial Experience in the Energy & Industrial Industries HOUSTON, July 18, 2022 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today the appointment of Scott Rowe to the company's Board of Directors. He brings extensive executive-level leadership, operations expertise and financial experience to Quanta's board. David McClanahan, Quanta Services' independent Chairman of the Board, commented, "We are pleased to welcome Scott to the Quanta Services Board of Directors. He is an accomplished public comp
Derrick Jensen to Transition from Chief Financial Officer to Executive Vice President – Business Operations Jayshree Desai to Transition from Chief Corporate Development Officer to Chief Financial Officer HOUSTON, May 5, 2022 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today that, effective as of July, 2022, Derrick Jensen will transition from his current role as Chief Financial Officer to the new role of Executive Vice President – Business Operations and Jayshree Desai will transition from her current role as Chief Corporate Development Officer to Chief Financial Officer (CFO). These planned transitions, along with the previously announced appointment of Redgie Probst as Chie
HOUSTON, Jan. 27, 2022 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today that its Board of Directors has named Redgie Probst, Quanta's President – Electric Power Division since March 2019, as the company's Chief Operating Officer (COO). Duke Austin, Quanta's President and Chief Executive Officer (CEO), had served as the company's COO since 2013. "I have worked closely with Redgie and admired his reputation in the industry prior to Quanta's acquisition of Probst Electric in 2013. We share the same vision for operations with a focus on safety, operational excelle
HOUSTON, July 14, 2021 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today the appointment of Holli C. Ladhani to the company's Board of Directors. Ms. Ladhani brings extensive energy industry and financial experience to Quanta's board. David McClanahan, Quanta Services' independent Chairman of the Board, commented, "Holli is a seasoned executive with extensive operational and financial experience and possesses broad public company board experience. She will bring valuable insight and perspective to Quanta's board and the company, and we look forward to working w