Long-Term Stock Portfolio: 10 Best Stocks for the Next Decade

8. Quanta Services Inc. (NYSE:PWR)

EPS Forward Long Term Growth (3-5 Year CAGR): 16.28%

Number of Hedge Fund Holders: 73

Quanta Services Inc. (NYSE:PWR) is one of the best stocks for the next decade. On December 19, Bernstein lowered the firm’s price target on Quanta Services to $428 from $432, while maintaining a Market Perform rating on the shares. This sentiment was posted as Bernstein provided a more optimistic outlook for 2026 and framed it as a recovery year following a difficult 2025.

The firm noted that 2025 was marked by a typical cyclical downturn in core end markets, but 2026 will see a reversal of this trend as monetary and fiscal policies align to stimulate growth. This shift is expected to trigger positive earnings revisions, with a projected low-to-mid single-digit upside to current expectations.

Earlier on December 8, JPMorgan analyst Mark Strouse upgraded Quanta Services to Overweight from Neutral with a price target of $515, which was increased from $457. In its 2026 outlook for the clean energy sector, JPMorgan updated its ratings with a focus on market consolidation and regulatory shifts. The firm predicts that utility-scale renewables will continue to outperform, though the industry is moving toward larger projects.

This complexity is expected to drive a wave of consolidation between upstream suppliers and downstream developers. Consequently, Strouse favors companies characterized by robust balance sheets, diversified market exposure, and a significant manufacturing footprint within the US.

Quanta Services Inc. (NYSE:PWR) offers infrastructure solutions for the electric & gas utility, renewable energy, communications, pipeline, and energy industries in the US, Canada, Australia, and internationally.