
Quanta Services (PWR) Stock Forecast & Price Target
Quanta Services (PWR) Analyst Ratings
Bulls say
Quanta Services anticipates significant growth in the renewables sector, which is expected to enhance free cash flow conversion over time. The company is projected to see stable growth in electric transmission and distribution (T&D) investments, driven by ongoing efforts for grid modernization and the integration of renewable energy sources. Additionally, Quanta's strategic shift towards stable small-to-medium "base" work and a high percentage of self-perform work (over 80%) is expected to mitigate earnings volatility, contributing to a positive financial outlook.
Bears say
Quanta Services faces significant challenges as its assumptions for utility infrastructure spending have been adjusted downward for the underground utility and infrastructure segment, indicating potential weaknesses in gas utility investments. Additionally, a multitude of risks threatens the company's outlook, including volatility in utility T&D spending, regulatory changes impacting renewable generation, and potential project delays or cancellations, which could adversely affect revenue stability. Furthermore, supply chain disruptions and execution risks pose further uncertainties that could strain operational performance and financial results.
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
Start investing in Quanta Services (PWR)
Order type
Buy in
Order amount
Est. shares
0 shares