
Quanta Services (PWR) Stock Forecast & Price Target
Quanta Services (PWR) Analyst Ratings
Bulls say
Quanta Services is positioned for significant growth primarily due to the anticipated increase in renewable energy investments, which is expected to enhance free cash flow conversion over time. The company is also benefitting from consistent utility investments related to grid hardening and modernization, supporting the integration of renewable energy sources. Additionally, Quanta's strategic focus on stable small-to-medium base work, coupled with a high level of self-performed work, is aimed at mitigating earnings volatility, further strengthening its financial outlook.
Bears say
The negative outlook on Quanta Services's stock is primarily driven by a downgrade in the organic assumptions for the Underground Utility and Infrastructure Services (UUIS) segment, particularly relating to the gas utility sector. Additionally, there are multiple risks that could adversely impact future earnings, including fluctuations in utility transmission and distribution spending, potential delays or cancellations of large projects, supply chain disruptions, and shifts in the regulatory landscape concerning renewable energy generation. The adjusted outlook reflects uncertainty in both the electric infrastructure segment, which has seen increased assumptions, and the UUIS segment, highlighting potential vulnerabilities in overall performance.
This aggregate rating is based on analysts' research of Quanta Services and is not a guaranteed prediction by Public.com or investment advice.
Quanta Services (PWR) Analyst Forecast & Price Prediction
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