Zacks Investment Research
Quanta's 65% YTD Surge: Can Infrastructure Demand Fuel More Gains?
Quanta Services (PWR) has delivered impressive 64.6% YTD returns driven by strong infrastructure demand, record $53.4B backlog, and strategic acquisitions. However, elevated valuation at 36.92X forward P/E—significantly above industry average of 23.67X—raises concerns about sustainability. The company maintains a Hold rating despite favorable long-term prospects, as much of expected growth appears already priced in.
