Louis Navellier’s Top 5 Long-Term Stock Picks

2. Quanta Services, Inc. (NYSE:PWR)

Navellier & Associates Equity Stake: $25.45 Million

Navellier & Associates’ First Major Purchase: Q4 2020

Number of Hedge Fund Holders: 90

Quanta Services, Inc. (NYSE:PWR) is one of Louis Navellier’s top long-term stock picks. On May 1, Stifel analyst Brian Brophy touted Quanta Services, Inc. (NYSE:PWR) first-quarter 2026 results, which came in above expectations. Consequently, he raised the stock’s price target to $784 from $654 while reiterating a Buy rating.

The company delivered exceptional first-quarter results, characterized by strong double-digit growth in revenue and adjusted EBITDA per share, as well as a record backlog of $48.5 billion. Revenues came in at $7.87 billion, up from $6.23 billion a year ago, in the same quarter, while net income attributable to shareholders increased to $220.6 million or $1.45 a share, from $144.3 million, or $0.96 a share, in Q1 of 2025.

The better-than-expected results underscored the power of a differentiated solutions-based operating model. Consequently, Quanta Services raised its full-year guidance, as it remains on track to deliver another year of double-digit earnings-per-share growth.

According to Stifel, the confirmation of doubling of square footage capacity across manufacturing, fabrication, and logistics signals an award from a major hyperscaler to build modularized data centers leveraging off-site construction. Consequently, the company should benefit in the subsequent quarters.

Quanta Services, Inc. (NYSE:PWR) is a leading specialized contracting company that provides end-to-end engineering, procurement, and construction (EPC) services for the electric power, renewable energy, communication, and pipeline industries. They design and build critical infrastructure, including power grids, substations, underground utilities, and renewable generation facilities (wind/solar).