
Quanta Services (PWR) Stock Forecast & Price Target
Quanta Services (PWR) Analyst Ratings
Bulls say
Quanta Services is positioned for significant growth driven by the increasing investment in renewable energy, which is expected to enhance free cash flow (FCF) conversion over time. Continued utility investments in transmission and distribution (T&D) are anticipated, supported by grid modernization and hardening efforts that align with the transition to renewable resources. Additionally, the company's strategic focus on stabilizing its service offerings through small-to-medium "base" work and maintaining a high percentage of self-performed work (over 80%) is projected to mitigate earnings volatility, contributing positively to its financial outlook.
Bears say
Quanta Services's financial outlook is negatively impacted by the dual adjustment in segment forecasts, where optimistic projections for Electric Infrastructure Services (EIS) are countered by a lowered outlook for Underground Utility and Infrastructure Services (UUIS), particularly in gas utility markets. The company faces several significant risks, including potential changes in utility Transmission and Distribution (T&D) spending, disruptions in supply chains, and project delays or cancellations, which can adversely affect revenue generation. Additionally, shifts in the regulatory environment concerning renewable generation and the construction of oil and gas pipelines may further complicate the company’s ability to achieve stable growth.
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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