Quanta Services, Inc. (PWR) Stock Analysis
Range Bound setup
Industrials · Engineering & Construction
Sell if holding. Analyst target reached at $722.00 — A.R:R is negative (-0.4) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: Utility and Power customers (70.0%).
Quanta Services provides engineering, construction, and maintenance for electric power, renewable energy, gas utility, pipeline, and communications infrastructure across two segments in the US, Canada, and Australia. Utility and power customers generated 70% of 2025 revenues via... Read more
Sell if holding. Analyst target reached at $722.00 — A.R:R is negative (-0.4) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: Utility and Power customers (70.0%). Chart setup: RSI 47 mid-range, Bollinger mid-band. Score 5.3/10, moderate confidence.
Passes 6/9 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 43d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Quanta Services, Inc.
About Quanta Services, Inc.
Quanta Services structured its 2025 revenues across two reportable segments—Electric Infrastructure Solutions, which serves the electric grid, renewable generation, and large-load centers such as data centers and advanced manufacturing, and Underground Utility and Infrastructure Solutions, covering gas utilities, pipeline systems, and downstream industrial facilities. Utility and power customers contributed 70% of consolidated revenues in 2025, while technology, manufacturing, and communications customers grew to 13%. The company derived approximately 7% of 2025 revenues from foreign operations, primarily in Canada and Australia.
Quanta earns revenue primarily through master service agreements and fixed-price construction contracts, with MSAs providing programmatic recurring work for utilities and fixed-price contracts covering larger transmission, substation, and EPC power generation projects where cost overruns may not be recoverable. The company subcontracts approximately 20% of its work to third-party service providers. On July 25, 2025, Quanta completed the acquisition of Dynamic Systems (DSI), LLC, adding turnkey mechanical, plumbing, and process infrastructure capabilities for data centers, semiconductor facilities, and healthcare markets. The top ten customers represented 30% of consolidated revenues in 2025, while the largest single customer accounted for 8%—indicating no single-customer overconcentration but meaningful dependence on a relatively small group of large utilities and power developers. Labor is the primary cost driver; the company notes a shrinking pool of qualified journeyman linemen and experienced program managers as a recurring capacity constraint across both segments.
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Quanta's labor-intensive operations face a structural workforce supply constraint. The 10-K identifies a shrinking pool of craft-skilled labor—specifically an aging utility workforce and long-term availability issues for qualified journeyman linemen in the Electric segment and experienced supervisors in the Underground and Infrastructure segment—that could constrain project capacity during high-demand periods. The 10-K also notes that wildfire liability exposure has worsened as insurers have reduced coverage availability and increased premiums, and that Quanta's current wildfire insurance coverage may not be sufficient to cover potential losses, given that certain customers in the western United States have been found responsible for catastrophic wildfire events tied to infrastructure the company serviced.
See also: Industrials · Engineering & Construction
From Quanta Services, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-06-17Recent Developments — Quanta Services, Inc.
Latest news
- NEWS Quanta Services (PWR) Is Up 22.3% After Raising 2026 Outlook On Record Infrastructure Backlog - What's Changed - Yahoo F — Yahoo Finance positive
- NEWS Quanta Services, Inc. $PWR Stock Holdings Lifted by Sequoia Financial Advisors LLC - MarketBeat — MarketBeat positive
- NEWS Insider Selling: Quanta Services (NYSE:PWR) CAO Sells 4,000 Shares of Stock - MarketBeat — MarketBeat negative
- NEWS Quanta Services (PWR) Is Up 18.8% After Raising 2026 Guidance On Record Backlog And Capacity Investments – Has The Bull — simplywall.st positive
- NEWS Mizuho Issues Positive Forecast for Quanta Services (NYSE:PWR) Stock Price - MarketBeat — MarketBeat positive
Generated 2026-06-17T10:36:48Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerUtility and Power customers70%10-K Item 1: 'Utility and Power| | 70 | %'
- MEDIUMCustomerten largest customers30%10-K Item 1: 'our ten largest customers accounted for 30% of our consolidated revenues'
Material Events(8-K, last 90d)
- 2026-04-16Item 5.02LOWOn April 10, 2026, the Compensation Committee approved 5-year PSU awards for NEOs Austin, Desai, Studer, and Ducey, vesting through December 31, 2030 based on adjusted EPS CAGR and TSR goals, with maximum payout of 600% of target. No departure or appointment cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers·1 ceiling hit
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $722.00 — A.R:R is negative (-0.4) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: Utility and Power customers (70.0%). Chart setup: RSI 47 mid-range, Bollinger mid-band. Prior stop was $668.94. Score 5.3/10, moderate confidence.
Take-profit target: $733.72 (+2.0% upside). Prior stop was $668.94. Stop-loss: $668.94.
Concentration risk — Customer: Utility and Power customers (70.0%); Analyst target reached - limited upside remaining; Expensive valuation.
Quanta Services, Inc. trades at a P/E of 99.0 (forward 44.0). TrendMatrix value score: 3.3/10. Verdict: Sell.
36 analysts cover PWR with a consensus score of 4.0/5. Average price target: $761.
What does Quanta Services, Inc. do?Quanta Services provides engineering, construction, and maintenance for electric power, renewable energy, gas utility,...
Quanta Services provides engineering, construction, and maintenance for electric power, renewable energy, gas utility, pipeline, and communications infrastructure across two segments in the US, Canada, and Australia. Utility and power customers generated 70% of 2025 revenues via master service agreements and construction contracts, with the top ten customers representing 30% of consolidated revenues.