Quanta Services stock | Price, analyst rating, price target & growth

Quanta Services

NYSE:PWR

$ 460,64

$-4,20 (-0,90%)

460,64 $

$-4,20 (-0,90%)

End-of-day quote: 12/05/2025

Quanta Services Stock Value

Analysts currently give NYSE:PWR a rating of Outperform.

Outperform

Quanta Services Company Info

EPS Growth 5Y

21,92%

Market Cap

$69,32 B

Long-Term Debt

$3,92 B

Short Interest

4,17%

Annual earnings

02/20/2026

Dividend

$0,41

Dividend Yield

0,09%

Founded

1997

Industry

Industrials

Country

United States

ISIN Number

US74762E1029

Website

http://www.quantaservices.com

Analyst Price Target

$486,59

5.63%

Last Update: 12/05/2025

Analysts: 24

Highest Price Target $548,00

Average Price Target $486,59

Lowest Price Target $290,00

In the last five quarters, Quanta Services’s Price Target has risen from $200,81 to $346,33 - a 72,47% increase. Twenty Five analysts predict that Quanta Services’s share price will increase in the coming year, reaching $486,59. This would represent an increase of 5,63%.

Top growth stocks in the industrials sector (5Y.)

What does Quanta Services do?

Quanta Services, Inc. and its subsidiaries (‘Quanta’) operate as a provider of comprehensive infrastructure solutions for the electric and gas utility, renewable energy, technology, communications, pipeline and energy industries in the United States, Canada, Australia and select other international markets. The company provides engineering, procurement, construction, upgrade, and repair and maintenance services for infrastructure within each of these industries, including electric power transmi...

The company provides engineering, procurement, construction, upgrade, and repair and maintenance services for infrastructure within each of these industries, including electric power transmission and distribution networks; substation facilities; wind and solar generation and transmission, and battery storage facilities; electrical systems for data centers, commercial, and industrial facilities; communications and cable multi-system operator networks; gas utility systems; pipeline transmission systems and facilities; and downstream industrial facilities.

The company's operations are decentralized and labor-intensive, and it relies on craft skilled labor personnel and experienced operators to successfully manage its day-to-day business. The company also has an experienced management team, both at the executive and regional levels, and within its subsidiaries, which it refers to as operating companies. It operates a fleet of owned and leased trucks and trailers, support vehicles, and specialty construction equipment, as well as various proprietary technologies that enhance its service offerings. The company has a customer base, including many of companies in the utility, renewable energy, technology, communications, industrial, and energy delivery markets.

The performance of the company's business generally depends on its ability to obtain contracts with customers and to effectively deliver the services provided under those contracts. Its services are typically provided pursuant to master service agreements (MSAs), repair and maintenance contracts, and fixed-price and non-fixed-price construction and engineering contracts. The company offers comprehensive and diverse solutions on a broad geographic scale and has a solid base of long-standing customer relationships in each of the industries it serves.

The company's strategies include delivering and continuing to expand its portfolio of infrastructure solutions to existing and potential customers, developing its technological and training capabilities, remaining committed to the safety of its employees, and maintaining an entrepreneurial culture throughout its organization.

Segments

The company reports its results under three reportable segments: Electric Power Infrastructure Solutions (Electric Power), Renewable Energy Infrastructure Solutions (Renewable Energy), and Underground Utility and Infrastructure Solutions (Underground and Infrastructure). Its entrepreneurial business model allows multiple operating companies to serve the same or similar customers and to provide a range of services across end-user markets.

Beginning in the three months ending March 31, 2025, the company will begin reporting the results of its two operating segments, which will also be its two reportable segments: (1) Electric Infrastructure Solutions and (2) Underground Utility and Infrastructure Solutions. The Electric Infrastructure Solutions segment will consist of the historical Electric Power and Renewable Energy segments.

The company operates primarily in the United States; however, it derived approximately 8.7% of its revenues from foreign operations, primarily in Canada and Australia, during the year ended December 31, 2024.

Electric Power

Services

The company's Electric Power segment provides comprehensive services primarily for the electric power and also for the communications markets. Services performed generally include:

Design, procurement, new construction, upgrade, and repair and maintenance services for electric power transmission and distribution infrastructure, both overhead and underground, and substation facilities, along with other engineering and technical services, including services that support the implementation of upgrades by utilities to modernize and harden the electric power grid in order to ensure its safety and enhance reliability, and to accommodate increased residential and commercial use of electric vehicles (EVs);

Emergency restoration services, including the repair of infrastructure damaged by fires and inclement weather;

Energized installation, maintenance, and upgrade of electric power infrastructure utilizing its bare hand and hot stick methods, and its robotic arm techniques;

Installation of ‘smart grid’ technologies on electric power networks;

Design and installation of electrical systems for data centers, commercial, and industrial facilities;

Design and construction services to wireline and wireless communications companies, cable multi-system operators, and other customers within the communications industry (including services in connection with 5G wireless deployment);

Design, installation, maintenance, and repair services related to commercial and industrial wiring; and

Aviation services primarily for the utility industry, including transportation of line workers, pole and tower setting, and wire stringing, as well as certain emergency aerial firefighting services.

This segment also includes the majority of the financial results of the company's advanced training facility and its postsecondary educational institution, which specializes in pre-apprenticeship training, apprenticeship training, and specialized utility task training for electric workers, as well as training for the gas distribution and communications industries; its portion of earnings of its unconsolidated integral affiliates, which includes, among others, its 50% equity interest in LUMA Energy, LLC (LUMA), a joint venture that was selected to operate, maintain, and modernize the approximately 18,000-mile electric transmission and distribution system in Puerto Rico; and financial results associated with its power transformer and circuit breaker manufacturing operations.

Renewable Energy

Services

The company's Renewable Energy segment provides comprehensive infrastructure solutions to customers that are involved in the renewable energy industry. Services performed generally include:

Engineering, procurement, new construction, repowering, and repair and maintenance services for renewable generation facilities, such as utility-scale wind, solar, and hydropower generation facilities and battery storage facilities; and

Engineering and construction services for substations and switchyards, transmission, and other electrical infrastructure needed to interconnect and transmit electricity from renewable energy generation and battery storage facilities.

Underground and Infrastructure Services

Services

The company's Underground and Infrastructure segment provides comprehensive infrastructure solutions to customers involved in the transportation, distribution, storage, development, and processing of natural gas, oil, and other products. Services performed generally include:

Design, engineering, procurement, new construction, upgrade, and repair and maintenance services for natural gas systems for gas utility customers;

Pipeline protection, integrity testing, rehabilitation, and replacement services;

Catalyst replacement services, high-pressure and critical-path turnaround services, instrumentation and electrical services, piping, fabrication, and storage tank services for the midstream and downstream industrial energy markets, as well as specialty cleaning and environmental solutions for the industrial energy and petrochemical markets;

Engineering and construction services for pipeline systems, storage systems, and compressor and pump stations, and the fabrication of pipeline support systems and related structures and facilities;

Trenching, directional boring, and mechanized welding services related to the services; and

Engineering, construction, and maintenance services for energy transition and carbon-reduction related projects, such as alternative fuel facilities, carbon capture systems, and hydrogen facilities.

Acquisitions

On July 17, 2024, the company completed the acquisition of Cupertino Electric, Inc. (CEI), which provides electrical infrastructure solutions, including engineering, procurement, project management, construction, and modularization services, to the technology, renewable energy, and infrastructure and commercial industries. CEI is located in the United States, and its results have been included in the Electric Power and Renewable Energy segments since the acquisition date. During the year ended December 31, 2024, the company also acquired seven additional businesses located in the United States, including: a business that provides specialty environmental solutions to utility, industrial, and petrochemical companies (primarily included in the Underground and Infrastructure segment); a business that specializes in testing, manufacturing, and distributing safety equipment and supplies (primarily included in the Electric Power and Renewable Energy segments); a business that specializes in electrical infrastructure services for substations, data centers, and governmental entities (primarily included in the Electric Power segment); a business that manufactures transmission and distribution equipment for the electric utility industry (primarily included in the Electric Power and Renewable Energy segments); a business that provides services and equipment related to aerial telecommunications infrastructure and networks (primarily included in the Electric Power segment); a business that provides services related to fiber optic networks (primarily included in the Electric Power segment); and a business that specializes in designing, manufacturing, and distributing liquid-filled power transformers primarily for electrical companies and utilities (primarily included in the Electric Power and Renewable Energy segments).

During the year ended December 31, 2023, the company acquired five businesses located in the United States, including: a business that provides services related to high-voltage transmission lines, overhead and underground distribution, emergency restoration, and industrial and commercial wiring and lighting (primarily included in the Electric Power segment); a business that procures parts, assembles kits for sale, manages logistics, and installs solar tracking equipment for utility and development customers (primarily included in the Renewable Energy segment); a business that provides concrete construction services (primarily included in the Electric Power and Renewable Energy segments); a business specializing in power studies, maintenance testing, and commissioning primarily for utility and commercial customers (included in the Electric Power segment); and a business that manufactures power transformers for the electric utility, renewable energy, municipal power, and industrial markets (included in the Electric Power and Renewable Energy segments).

Subsequent to December 31, 2024, the company acquired two businesses, one located in the United States that specializes in civil solutions, including site clearing, earthwork, soil stabilization, and infrastructure development (which will be primarily included in the Underground and Infrastructure segment), and one located in Australia that specializes in electrical engineering and the design and manufacturing of industrial technology solutions, including control systems (which will primarily be included in the Electric Power and Underground and Infrastructure segments).

Customer Relationships

The company has a customer base, including many of companies in the industries it serves, and it has developed strong strategic alliances with numerous customers and strives to develop and maintain its status as a preferred solutions provider to its customers. For the year ended December 31, 2024, the company's largest customer accounted for 6% of its consolidated revenues, and its ten largest customers accounted for 31% of its consolidated revenues. Representative customers include American Electric Power Company, Inc.; Lower Colorado River Authority; Avangrid, Inc.; National Grid plc; Berkshire Hathaway, Inc.; NextEra Energy, Inc.; CenterPoint Energy, Inc.; Pattern Energy; Clearway Renew LLC; PG&E Corporation; Comcast Corporation; Puget Sound Energy, Inc.; Duke Energy Corporation; RWE AG; EDF Renewables; Santos Limited; Engie IR Holdings LLC; Sempra Energy; Entergy Corporation; The Southern Company; Enterprise Products Partners L.P.; TC Energy Corporation; Exelon Corporation; Vesper Energy Development LLC; FirstEnergy Corp.; Xcel Energy Inc.; and Invenergy LLC.

The company's customers include utilities, power developers, technology, communications, and energy delivery companies, as well as governmental entities.

Seasonality

The company's revenues are generally lowest in the first quarter of the year because cold, snowy, or wet conditions can create challenging working environments that are more costly for its customers or cause delays on projects. In addition, infrastructure projects often do not begin in a meaningful way until its customers finalize their capital budgets, which typically occurs during the first quarter. Second quarter revenues are typically higher than those in the first quarter, as some projects begin, but continued cold and wet weather can often impact productivity. Third quarter and fourth quarter revenues are typically the highest of the year, as a greater number of projects are underway, and operating conditions, including weather, are normally more accommodating. During the fourth quarter, projects are often completed, and customers often seek to spend their capital budgets before year-end (for the year ended December 31, 2024).

Regulation

The company's operations are subject to various federal, state, local and international laws and regulations, including:

licensing, permitting and inspection requirements applicable to contractors and engineers;

regulations relating to worker safety (e.g., Occupational Safety and Health Administration regulations) and environmental protection;

permitting and inspection requirements applicable to construction projects;

wage and hour regulations (e.g., Fair Labor Standards Act) and regulations associated with the company’s collective bargaining agreements and unionized workforce;

regulations relating to sourcing and transportation of equipment and materials, including licensing and permitting requirements;

regulations regarding engagement of suppliers and subcontractors that meet diversity-ownership or disadvantaged-business requirements;

regulations relating to aviation activities;

building and electrical codes;

applicable U.S. and non-U.S. anti-corruption regulations;

immigration regulations applicable to the U.S. and cross-border employment; and

special bidding, procurement, cybersecurity and other requirements on government projects, as well as obtaining and maintaining security clearance required for certain government projects.

History

The company was founded in 1997 in the state of Delaware. The company was incorporated in 1997. The company was formerly known as Fabal Construction, Inc. and changed its name to Quanta Services, Inc. in November 1997.

Quanta Services Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Energy infrastructure: 50% Electric transmission and distribution services: 30% Telecommunications infrastructure: 20% Quanta Services, Inc. generates the majority of its revenue from energy infrastructure, which accounts for about half of the total revenue. This includes services in the field of...

At which locations are the company’s products manufactured?

Production Sites: Worldwide, with a focus on North America Quanta Services, Inc. is a leading company in the field of infrastructure services, especially for the energy and communications sector. The company does not produce physical products in the traditional sense, but offers services that are pr...

What strategy does Quanta Services pursue for future growth?

Revenue Growth: Estimated 8-10% annually (2025 forecast) Strategic Focus: Quanta Services, Inc. pursues a growth strategy that heavily focuses on expanding infrastructure projects in the field of renewable energy and electrification. The company is investing in expanding its capacities to support pr...

Which raw materials are imported and from which countries?

Raw Materials: Steel, Copper, Aluminum, Concrete Main Import Countries: China, Canada, Mexico, Brazil Quanta Services, Inc. is a leading provider of infrastructure services for the energy and communications industry. The company imports a variety of raw materials needed for the construction and main...

How strong is the company’s competitive advantage?

Market share: 18% (estimated 2025) EBITDA margin: 12.5% (2024) Revenue growth: 10% (2024) Quanta Services, Inc. has a significant competitive advantage due to its strong market position in the infrastructure for energy and communication sector. The company benefits from a diversified service portfol...

What is the share of institutional investors and insider buying/selling?

Institutional investor share: approx. 90% (2025, estimate based on historical data) Insider purchases/sales: No significant transactions in the last year (2025, estimate) The institutional investor share in Quanta Services, Inc. is traditionally high, as the company operates in a stable and high-gro...

What percentage market share does Quanta Services have?

Market share of Quanta Services, Inc.: Estimate around 10% (2025) Main competitors and their estimated market shares: Quanta Services, Inc. - around 10% MasTec, Inc. - around 8% MYR Group Inc. - around 5% EMCOR Group, Inc. - around 4% Dycom Industries, Inc. - around 3% Tutor Perini Corporation - ar...

Is Quanta Services stock currently a good investment?

Revenue growth: 10% (2024) Profit growth: 8% (2024) Order backlog: 15 billion USD (2024) Quanta Services, Inc. achieved a revenue growth of 10% in 2024, driven by the continuous demand for infrastructure projects in the energy and telecommunications sectors. The profit growth of 8% underscores the c...

Does Quanta Services pay a dividend – and how reliable is the payout?

Dividend yield: 0.2% (2024) Dividend growth: 5% (annually, estimated) Quanta Services, Inc. pays a dividend, but the dividend yield is relatively low compared to other companies. The company has made a consistent but moderate increase in dividends in recent years. The reliability of the payout can b...

Quanta Services Stock Value

Quanta Services Company Info

Analyst Price Target

Top growth stocks in the industrials sector (5Y.)

What does Quanta Services do?

Quanta Services Questions and Answers

Offer & Services

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