Quanta Services

Quanta Services reported broad-based acceleration across its business, prompting management to raise full-year earnings guidance and reaffirm a plan to double earnings by 2030. Investor letters highlighted the company’s role as a key provider for power, data center energization and grid reliability spending, which supported fund performance. Shares closed at $619.28 on Sept. 16, with a one-year gain of about 60% and a market capitalization near $93.1 billion. » Mere på finance.yahoo.com

Quanta Services has appointed Ellen Rubin to its board of directors. Rubin is an operating partner at Glasswing Ventures and brings experience as founder and former CEO of Causely, as well as previous leadership roles at Amazon Web Services and ClearSky Data. The board chairman highlighted her expertise in AI, cloud and cybersecurity topics. Quanta Services provides specialized infrastructure solutions for the utility, energy and communications sectors. » Mere på de.investing.com

Quanta Services received a TipRanks 'Perfect 10' Smart Score after expanding capabilities through acquisitions like Cupertino Electric and Dynamic Systems and executing on large infrastructure projects. In 2Q26 revenue rose over 41% to $9.6 billion and adjusted EPS was $4.24, materially beating estimates. Analysts highlight the company's broader service set, project execution and reshoring/electrification tailwinds; KeyBanc rates the stock Overweight with a $807 target and Wall Street consensus is a Strong Buy. » Mere på finance.yahoo.com

Analyst Chad Dillard said Quanta Services is an "800‑lb gorilla" in high‑voltage transmission and positioned to benefit from rising AI-related power needs because it can build large grid upgrades. Quanta's revenue rose about 40% year‑over‑year in the recent quarter and the company raised full‑year guidance for revenue, EPS and cash flow. Recent acquisitions—Phalcon, Enerfab, Percheron and PSD—add workers, fabrication capacity and permitting capabilities that should ease project bottlenecks and contribute 3–4% to 2026 revenue. Valuation is rich, with a forward P/E around 41.6 and EV/EBITDA near 26.8, leaving downside risk if AI or power stocks sell off. » Mere på finance.yahoo.com

Quanta Services priced an offering of senior notes totaling $2 billion in three tranches: $500 million (4.850% coupon) due 2029, $750 million (5.300%) due 2033 and $750 million (5.550%) due 2036. The securities were issued just below par; closing is expected on Wednesday and is subject to customary closing conditions. Net proceeds are to be used for general corporate purposes, including repayment of commercial paper and the senior credit facility; BofA, Wells Fargo, J.P. Morgan, PNC and Truist acted as joint bookrunners. » Mere på de.investing.com