1. Quanta Services, Inc. (NYSE:PWR)
On May 4, 2026, TD Cowen analyst Marc Bianchi raised the firm’s price target on Quanta Services, Inc. (NYSE:PWR) to $775 from $570 and maintained a Buy rating following the company’s strong Q1 results and higher guidance. The firm said the updated outlook still appears conservative.
On May 1, 2026, Stifel analyst Brian Brophy raised the firm’s price target on Quanta Services, Inc. (NYSE:PWR) to $784 from $654 and maintained a Buy rating. The firm said Q1 results exceeded expectations and pointed to the company’s announced near-doubling of square footage capacity across manufacturing, fabrication, and logistics as potentially more significant than initially appreciated. Stifel believes the expansion could reflect a major hyperscaler award related to modularized data center construction using off-site fabrication, with additional awards potentially following in future quarters.
On April 30, 2026, Quanta Services, Inc. (NYSE:PWR) reported Q1 adjusted EPS of $2.68, ahead of the $2.03 consensus estimate, while revenue rose to $7.87B compared to expectations of $6.99B. President and CEO Duke Austin said the company delivered strong double-digit growth in revenue, adjusted EBITDA, and adjusted EPS, while backlog reached a record $48.5B. He added that both revenue growth and margin performance exceeded expectations across Quanta’s operating segments, supported by the company’s solutions-based operating model and skilled workforce.
Quanta Services, Inc. (NYSE:PWR) raised its FY26 adjusted EPS outlook to $13.55-$14.25 from $12.65-$13.35, compared to consensus estimates of $13.11. The company also increased its FY26 revenue outlook to $34.7B-$35.2B from $33.25B-$33.75B, versus consensus estimates of $33.31B, and raised its adjusted EBITDA outlook to $3.49B-$3.65B from $3.34B-$3.5B.
Quanta Services, Inc. (NYSE:PWR) provides infrastructure solutions for utility, power generation, communications, pipeline, manufacturing, and energy-related industries.
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