에 대한 최신 뉴스 Quanta Services (NYSE:PWR) 주식

Quanta Services

Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under three reportable segments: electric power, renewables infrastructure, and underground utility and infrastructure.

Quanta Services Inc

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Providing a diverse range of perspectives from bullish to bearish, 8 analysts have published ratings on Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) in the last three months.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Quanta Services and provided 12-month price targets. The average target is $297.0, accompanied by a high estimate of $348.00 and a low estimate of $256.00. This upward trend is evident, with the current average reflecting a 3.28% increase from the previous average price target of $287.57.
<img src="https://www.benzinga.com/files/images/story/2024/1728075736_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A clear picture of Quanta Services's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$348.00</td>
<td>$302.00</td>
</tr>
<tr>
<td>Julien Dumoulin-Smith</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$256.00</td>
<td>-</td>
</tr>
<tr>
<td>Marc Bianchi</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$280.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$319.00</td>
<td>$305.00</td>
</tr>
<tr>
<td>Gus Richard</td>
<td>Northland Capital Markets</td>
<td>Raises</td>
<td>Outperform</td>
<td>$280.00</td>
<td>$264.00</td>
</tr>
<tr>
<td>Alex Rygiel</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$303.00</td>
<td>$286.00</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$302.00</td>
<td>$299.00</td>
</tr>
<tr>
<td>Andrew Wittmann</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$288.00</td>
<td>$287.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Quanta Services. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Quanta Services compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Quanta Services's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Quanta Services's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PWR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Quanta Services analyst ratings.</a>
<h2>Discovering Quanta Services: A Closer Look</h2>
Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under three reportable segments: electric power, renewables infrastructure, and underground utility and infrastructure.
<h3>Quanta Services: A Financial Overview</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Quanta Services showcased positive performance, achieving a revenue growth rate of 10.81% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 3.36%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.91%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Quanta Services's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.2%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.58, Quanta Services adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

8 Analysts Assess Quanta Services: What You Need To Know

Citigroup analyst Andrew Kaplowitz maintains Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) with a Buy and raises the price target from $302 to $348.

News

Price Target

Citigroup Maintains Buy on Quanta Services, Raises Price Target to $348

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/09/2024-09-24_08h10_11.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">AI Exuberance</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-ai-exuberance-copper-oil-rise-pwr-mc-09242024">click here</a> for an enlarged chart of Quanta Services Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of PWR stock is being used to illustrate the point.</li>
<li>Artificial intelligence data centers are power hungry.&nbsp; In the stock market, exuberance for stocks that help power AI data centers has reached a fever pitch.</li>
<li>The chart shows PWR stock has broken out.&nbsp; Quanta Services is a major contractor for utilities.</li>
<li>Volume on the chart shows that the volume on the breakout was higher than the recent volume, but not as high as it should have been to generate high conviction in the breakout.</li>
<li>RSI on the chart shows that PWR stock is very overbought.</li>
<li>The technical breakout is bringing in aggressive buying in PWR stock from investors who trade only on technicals.</li>
<li>The momo crowd is aggressively buying PWR stock.</li>
<li>As full disclosure, PWR stock is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio.&nbsp; The Arora Report is long from $37.&nbsp;</li>
<li>From a valuation perspective, PWR stock is now expensive.&nbsp; It is trading at a trailing PE of 56 and a forward PE of 29.</li>
<li>Yesterday, we shared with readers about China:</li>
</ul>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">Central Bank Governor Pan Gongsheng will hold a conference tomorrow.
</blockquote>
<ul>
<li>China is making a big move.
<ul>
<li>People's Bank of China (PBC) is lowering its reserve requirement ratio by 50 basis points.</li>
<li>The bank has lowered its seven day repurchase rate by 20 basis points.</li>
<li>The bank may soon lower its prime rate.</li>
<li>The down payment requirement for second homes has been lowered to 15% from 25%.</li>
</ul>
</li>
<li>Chinese stocks are jumping.&nbsp; Stocks in Hong Kong jumped 4.1% and 4.2% in Shanghai.</li>
<li>Investors in the U.S. should not underestimate the impact of these moves in China. &nbsp;The moves are generating position sentiment.</li>
<li>Copper, steel, oil, and other commodities are moving up on the China moves.</li>
<li>As full disclosure, Copper stock Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio.  The Arora Report also has a short term trade on oil ETF United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).</li>
<li>The Conference Board's consumer confidence data will be released at 10am ET and may be market moving.</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are neutral in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
In the early trade, money flows are mixed in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.&nbsp; Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.&nbsp; The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).&nbsp; The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).&nbsp; The most popular ETF for oil is USO.
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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Power For AI Exuberance Reaches Fever Pitch – Quanta Breaks Out; Copper And Oil Rise On Chinese Move

Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) has outperformed the market over the past 10 years by 11.95% on an annualized basis producing an average annual return of 23.16%. Currently, Quanta Services has a market capitalization of $42.86 billion. 
Buying $100 In PWR: If an investor had bought $100 of PWR stock 10 years ago, it would be worth $786.19 today based on a price of $290.89 for PWR at the time of writing.
<h3>Quanta Services's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726864218_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Here's How Much You Would Have Made Owning Quanta Services Stock In The Last 10 Years

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/09/2024-09-20_08h35_26-1.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h3 class="wp-block-heading">Nuclear Power Revival</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-quad-witching-nuclear-power-revival-ceg-mc-09202024">click here</a> for an enlarged chart of Constellation Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of CEG is being used to illustrate the point.</li>
<li>To feed the power hungry AI data centers, Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is signing a power purchase agreement with CEG.</li>
<li>The chart shows the gap up on CEG news.</li>
<li>The chart shows that CEG is in the resistance zone.</li>
<li>RSI on the chart shows that CEG is very overbought.&nbsp; An overbought stock tends to pullback.</li>
<li>Based on the quantitative screen of The Arora Report's ZYX Change Method, CEG is way overvalued at this time.&nbsp; However, CEG will benefit from AI, and as such, it is on our radar to give a signal when it is appropriate.</li>
<li>To provide the power, CEG will restart Three Mile Island Unit 1.&nbsp; This reactor was shut down about five years ago due to economic reasons.&nbsp; Three Mile Island Unit 2 is famous for a partial melt down, which caused the most serious nuclear accident on U.S. soil.&nbsp; In addition to CEG, there are opportunities in other energy producers that will help meet the massive power demand for AI.
<ul>
<li>Quanta Services Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) is a contractor to electric utilities and is benefiting from the AI power demand.&nbsp; As full disclosure, PWR is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio. PWR is long from $37.&nbsp; </li>
<li>First Solar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), which provides solar power to data centers. As full disclosure, FSLR is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio.</li>
<li>A new name that is on The Arora Report&#8217;s radar is Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>). As full disclosure, a signal may be given when appropriate.</li>
</ul>
</li>
<li>We shared with readers yesterday that quad witching was to the upside.
<ul>
<li>A part of the strength in the stock market yesterday was due to quad witching and not due to the Fed's 50 bps interest rate cut.</li>
<li>About $5 trillion notional value of stock derivatives are expiring today.&nbsp; This is a huge amount but not a record.</li>
<li>This morning, expiring futures are exerting downward pressure on the market after yesterday's runup.&nbsp; Futures are expiring this morning.</li>
<li>Options will expire in the afternoon.</li>
</ul>
</li>
<li>Historically, gains due to quad witching tend to reverse in the following week and sometimes even on the expiration day.</li>
</ul>
<h3 class="wp-block-heading">Japan</h3>
In a relief to U.S. stock investors, the Bank of Japan (BOJ) left interest rates unchanged.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
In the early trade, money flows are neutral in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and MSFT.
In the early trade, money flows are negative in NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Trump's advocacy continues to bring buying into Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). Here is the key question: Will bitcoin whales take advantage of the strength to sell as is their pattern?
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

FSLR

$5 Trillion Worth Of Quad Witching, AI Leading To Revivial Of Nuclear Power

Wolfe Research analyst Steve Fleishman initiates coverage on Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) with a Outperform rating.

Initiation

Wolfe Research Initiates Coverage On Quanta Services with Outperform Rating

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ROAD

STRL

Shares of broader industrial and machinery stocks are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

MasTec, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtz#NYSE">MTZ</a>) stock has gained nearly 31% in the past six months, outperforming the Zacks Building Products - Heavy Construction industry&#39;s 24.5% growth, the broader Construction sector&#39;s 7.2% increase and the S&amp;P 500 index&#39;s 8.6% rise.
This infrastructure construction company is banking on increasing demand for power, data capacity and network speed. Also, MTZ&#39;s focus on strategic investments for portfolio diversification positions it well for satiating increased infrastructure demand globally. Moreover, the company is optimistic about its growth opportunities in 2025 and beyond, given the solid pipeline across its businesses and acquisition synergies.
MTZ stock also outpaced its competitors like EMCOR Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eme#NYSE">EME</a>), Quanta Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pwr#NYSE">PWR</a>) and AECOM (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acm#NYSE">ACM</a>), which rallied 18.9%, 10.8% and 6.3%, respectively, in the six-month period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e8/77728.jpg?v=1768968619" />
Image Source: Zacks Investment Research
Technical indicators are supportive of MTZ&#39;s strong performance. As of Thursday, the stock is trading at $110.40, comfortably above its 50-day moving average of $106.62.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4e/77735.jpg?v=518729280" />
Image Source: Zacks Investment Research
<h2>What&#39;s Supporting MTZ Stock&#39;s Outperformance?</h2>
Strong Outlook for 2024: MasTec&#39;s robust 18-month backlog of $13.3 billion provides strong visibility into 2024. The company raised its full-year guidance, expecting consolidated revenues of $12.4 billion (prior expected $12.55 billion), up from $12 billion year over year. Adjusted EBITDA is projected to be $975 million, an increase from $860.3 million in 2023, with a margin improvement of 7.9% (up from 7.8% expected earlier and 7.2% reported in 2023).
Adjusted earnings per share are forecasted to be $3.03, up from $1.97 expected earlier. The Clean Energy and Infrastructure segment is expected to increase 10% in 2024, reaching $4.4 billion in revenues, with continued growth anticipated beyond 2024.
Solid Backlog Poses Strength for Future: As of June 30, 2024, MasTec&#39;s Clean Energy and Infrastructure backlog increased 10.3% year over year and 4.6% sequentially, with a 1.2x book-to-bill ratio, providing strong visibility into future projects. The Power Delivery segment saw a 12% year-over-year increase and a 20% sequential growth in backlog, highlighted by a major 700-mile high-voltage transmission project starting in 2025. This project, one of the largest in the United States, will generate $300-$500 million annually through 2028, positioning the segment for strong growth.
The Communications segment saw a 1.7% sequential increase and 8.8% year-over-year backlog growth, with revenues expected to rise 4.5% in 2024. Adjusted EBITDA margins remain strong in the high single digits.
The company is optimistic about its growth opportunities. The robust demand for its services suggests the potential for double-digit revenues and earnings growth in 2025 and beyond. Despite short-term pressure in the power delivery segment, the long-term outlook is improving significantly. Meanwhile, the company continues to experience strong demand in both renewables and infrastructure projects. Based on anticipated bookings, it is well-positioned for substantial growth in 2025.
<img alt="MasTec Corporate Presentation" src="https://staticx-tuner.zacks.com/images/articles/charts/2c/77733.jpg?v=1448717556" />
Image Source: MasTec Corporate Presentation
Expanding Communications Pipeline: MasTec has deepened its relationship with AT&amp;T, its largest wireless client, as AT&amp;T expanded the scope and geographic reach of MasTec&#39;s core wireless services, in addition to a maintenance contract secured in the third quarter of 2023. This, combined with AT&amp;T&#39;s plan to replace Nokia equipment with Ericsson over the next five years, is expected to significantly boost MasTec&#39;s wireless business. The impact will start in the second half of 2024, with segment revenues expected to grow by double digits in 2025.
MasTec is positioned for nearly 20% organic revenue growth in the second half of 2024. Additionally, the growing demand for wireline services and the anticipated Broadband Equity, Access, and Deployment (BEAD) program funding provide long-term visibility. New customers, including private equity-backed entrants, are showing strong interest in MasTec&#39;s comprehensive solutions, enhancing its growth prospects in 2025 and beyond.
Strategic Acquisitions &amp; Equity Investments: MasTec remains focused on bolt-on acquisitions, completing four in 2023 and five in 2022. Additionally, it holds equity stakes in several telecommunications entities that provide construction services to the company.
As of March 31, 2024, MasTec had $22 million in total investments, including $18 million for FM Tech. It also holds 49% equity interests in entities within its Communications and Power Delivery segments, with a $3 million investment and a 75% equity stake in Confluence Networks, LLC, an undersea fiber-optic systems developer, totaling $2.5 million.
<h2>Other Parameters Reflecting MTZ&#39;s Solid Growth Prospect</h2>
Analysts are showing confidence in the stock, as indicated by recent upward revisions in earnings estimates. Over the last 60 days, forecasts for 2024 and 2025 have increased to $3.02 (from $2.94) and $4.35 (from $4.33), respectively.
The company also has a solid earnings surprise history. Its EPS surpassed the consensus estimate in three of the trailing four quarters and missed on one occasion, with the average surprise being 19.4%. Notably, the company currently has a VGM Score of A, which signifies that MTZ has solid growth prospects and the potential to outperform the market in the near term.
These positive trends signify bullish analysts&#39; sentiments, indicating robust fundamentals and the expectation of continued outperformance in the near term.
<h2>Is MasTec a Smart Investment Choice Today?</h2>
In the competitive non-residential services sector, MasTec, a leading infrastructure construction company with an $8.75 billion market cap, distinguishes itself. MTZ is strategically situated to capitalize on converging trends, providing multiple paths for near-and-long-term profitable growth. Its diversified portfolio with significant growth potential in all segments makes the stock the best investment option at the moment.
Also, upward revisions in earnings estimates reinforce its Zacks Rank #2 (Buy) rating, making MTZ an attractive addition to investors&#39; portfolios at present.
<a href="https://www.zacks.com/stock/news/2336063/mastec-stock-rallies-31-in-the-past-6-months-is-mtz-a-buy-right-now?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2336063">To read this article on Zacks.com click here.</a>

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MasTec Stock Rallies 31% in the Past 6 Months: Is MTZ a Buy Right Now?

Quanta Services shares are trading higher after the company announced it made a strategic equity investment in Hybar and joined its existing high-profile group of equity investors.

Quanta Services Made A Strategic Equity Investment In Hybar And Joined Hybar's Existing High-profile Group Of Equity Investors

Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) has outperformed the market over the past 15 years by 4.92% on an annualized basis producing an average annual return of 16.6%. Currently, Quanta Services has a market capitalization of $37.04 billion. 
Buying $100 In PWR: If an investor had bought $100 of PWR stock 15 years ago, it would be worth $1,013.26 today based on a price of $251.39 for PWR at the time of writing.
<h3>Quanta Services's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725571811_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Quanta Services Stock In The Last 15 Years

In the latest quarter, 7 analysts provided ratings for Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>), showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Quanta Services, revealing an average target of $289.71, a high estimate of $319.00, and a low estimate of $256.00. Marking an increase of 1.59%, the current average surpasses the previous average price target of $285.17. 
<img src="https://www.benzinga.com/files/images/story/2024/1725465650_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Quanta Services by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Julien Dumoulin-Smith</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$256.00</td>
<td>-</td>
</tr>
<tr>
<td>Marc Bianchi</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$280.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$319.00</td>
<td>$305.00</td>
</tr>
<tr>
<td>Gus Richard</td>
<td>Northland Capital Markets</td>
<td>Raises</td>
<td>Outperform</td>
<td>$280.00</td>
<td>$264.00</td>
</tr>
<tr>
<td>Alex Rygiel</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$303.00</td>
<td>$286.00</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$302.00</td>
<td>$299.00</td>
</tr>
<tr>
<td>Andrew Wittmann</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$288.00</td>
<td>$287.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Quanta Services. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Quanta Services compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Quanta Services's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PWR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Quanta Services analyst ratings.</a>
<h2>All You Need to Know About Quanta Services</h2>
Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under three reportable segments: electric power, renewables infrastructure, and underground utility and infrastructure.
<h3>Understanding the Numbers: Quanta Services's Finances</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Quanta Services's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 10.81%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Quanta Services's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 3.36%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Quanta Services's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.91%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Quanta Services's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.2%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Quanta Services's debt-to-equity ratio is below the industry average. With a ratio of 0.58, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For Quanta Services

Jefferies analyst Julien Dumoulin-Smith initiates coverage on Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) with a Hold rating and announces Price Target of $256.

Jefferies Initiates Coverage On Quanta Services with Hold Rating, Announces Price Target of $256

PRIM

USLM

Shares of building and construction-related stocks are trading lower after July construction spending data missed estimates. The sector may be moving lower amid overall market weakness after August's ISM Manufacturing PMI data indicated an economic contraction.

The joint venture (JV) between Jacobs Solutions Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/j#NYSE">J</a>) subsidiary, Halcrow, and AECOM (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acm#NYSE">ACM</a>) has entered into a consultancy agreement with the Civil Engineering and Development Department (&quot;CEDD&quot;) of the Hong Kong Special Administrative Region (&quot;HKSAR&quot;) government. The agreement underlines the associated work for the first phase of the San Tin Technopole in Hong Kong.
The contract for the first phase includes 250-hectare land development for the city within the Northern Metropolis to support innovation and technology development, housing, community and commercial facilities. Moreover, the project will adopt an integrated low-carbon infrastructure system to meet carbon neutrality goals before 2050 and employ digital strategies, including building information modeling and digital twins, to improve project outcomes.
The work scope of the JV includes design review, detailed design, tendering, construction supervision and associated engineering infrastructure works of San Tin Technopole.
San Tin Technopole development will be carried out in two phases, with the first population and business intake expected in 2031. Upon completion, it is expected to offer approximately 54,000 new housing units.
<h2>Increasing Backlog Driving J&#39;s Growth</h2>
Jacobs&#39; efficient project execution has increased the demand for its consulting services in various sectors, including infrastructure, water, environment, space, broadband, cybersecurity and life sciences. The strong performance in the recent quarters is reflected through its ongoing contract.
The aforementioned statement is supported by the company&#39;s ongoing backlog growth. At the fiscal third-quarter end, it reported a backlog of $30.6 billion, up from $28.9 billion in the year-ago period. This reflects persistent solid demand for Jacobs&#39; consulting services. Of this backlog, P&amp;PS backlog was $19.28 billion compared with $17.5 billion in the comparable year-ago period, primarily driven by growth in the Life Sciences and Energy markets.
Furthermore, the Critical Mission Solutions&#39; backlog at the end of the fiscal third quarter was $8.45 billion, up year over year from $8.1 billion, providing strong visibility into the base business. The upside was mainly fueled by expansion and higher funding in the U.K. and U.S. nuclear remediation markets, along with growth in the U.K. defense sector.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/48/75592.jpg?v=987278344" />
Image Source: Zacks Investment Research
Shares of this professional, technical and construction services provider have gained 9.1% in the past three months, outperforming the Zacks Technology Services industry&#39;s 4.6% growth. The company is expected to benefit from strong global trends in infrastructure modernization, energy transition, national security and a potential super-cycle in global supply-chain investments.
<h2>Zacks Rank</h2>
Jacobs currently carries a Zacks Rank #3 (Hold).
<h2>About AECOM</h2>
AECOM is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities and government, as well as those in environmental, energy and water businesses. It specializes in providing integrated services for planning, construction and maintenance of infrastructures that include consulting, architecture and engineering, as well as managing the requirements for energy, water and environment of various private and public clients.
ACM recently posted decent third-quarter fiscal 2024 results, with earnings surpassing the Zacks Consensus Estimate. On a year-over-year basis, the top and bottom line increased, backed by solid organic growth in net service revenues in its reportable segments.
<h2>Recent Peer Releases</h2>
KBR, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbr#NYSE">KBR</a>) reported mixed second-quarter 2024 results, with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. The top and the bottom line increased on a year-over-year basis.
The upside was predominantly driven by expansion in Sustainable Technology Solutions and notable advancements within Government Solutions. The International, Defense &amp; Intel and Science and Space sectors witnessed new contracts and on-contract growth. Driven by robust performance in its core business, KBR raised its adjusted EBITDA and cash flow guidance for 2024.
Quanta Services Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pwr#NYSE">PWR</a>)&nbsp;reported mixed results for second-quarter 2024, wherein adjusted earnings missed the Zacks Consensus Estimate, but revenues surpassed the same. Both metrics increased on a year-over-year basis.
The growth was supported by robust demand for its services, propelled by customers&#39; multi-year initiatives aimed at modernizing and fortifying utility infrastructure, expanding renewable energy generation and transmission infrastructure, and transitioning toward a low-carbon economy. Moreover, the company has raised its 2024 guidance for major metrics, owing to the expected contributions from its recent acquisition of CEI.
<a href="https://www.zacks.com/stock/news/2327885/jacobs-halcrow-signs-consultancy-deal-with-cedd-in-hong-kong?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2327885">To read this article on Zacks.com click here.</a>

Earnings Beats

Jacobs' Halcrow Signs Consultancy Deal With CEDD in Hong Kong

Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) has outperformed the market over the past 20 years by 11.96% on an annualized basis producing an average annual return of 20.32%. Currently, Quanta Services has a market capitalization of $40.25 billion. 
Buying $1000 In PWR: If an investor had bought $1000 of PWR stock 20 years ago, it would be worth $41,464.89 today based on a price of $273.17 for PWR at the time of writing.
<h3>Quanta Services's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724700621_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 20 Years Ago Would Be Worth $41,000 Today

Howmet Aerospace Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hwm#NYSE">HWM</a>) stands to benefit from strength across its businesses, focus on operational excellence and solid liquidity position. The company remains focused on investing in growth opportunities and strengthening its long-term market position.
HWM, which has a market capitalization of $39.4 billion, currently sports a Zacks Rank #1 (Strong Buy). Let&#39;s delve into the factors that have been aiding the firm for a while now.
End-Market Strength: Howmet is benefiting from solid momentum in the commercial aerospace market. Solid demand for engine products, supported by higher build rates, spares growth and robust backlogs are driving the segment&#39;s performance. Revenues from the commercial aerospace market increased 27% year over year in the second quarter of 2024, constituting more than 50% of its business.
While the commercial aerospace market has remained a major driver, the defense side of the industry has also been witnessing positive momentum, cushioned by steady government support. The company has been witnessing robust orders for engine spares for the F-35 program and spares and new builds for legacy fighters.
Strong Liquidity Position: The company&#39;s sound liquidity position is an added positive. Exiting the second quarter, Howmet&#39;s cash equivalents and receivables were $1.52 billion against short-term maturities of $782 million. This implies that it has sufficient cash to meet its current debt obligations.
Shareholder-Friendly Policies: Howmet remains committed to increasing shareholders&#39; value through dividend payments and share repurchases. For instance, in the first six months of 2024, it paid dividends worth $42 million and repurchased shares for $210 million. Also, in 2023, the company paid dividends of $73 million and repurchased shares worth $250 million. In July 2024, it hiked its dividend by 60% to 8 cents per share (annually: 32 cents).
<h2>Price Performance of HWM</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2e/75185.jpg?v=1009533765" />
Image Source: Zacks Investment Research
Year to date, the company&#39;s shares have surged 78.4%, higher than the industry&#39;s 30.2% growth.
Estimate Revisions: It&#39;s worth noting that the Zacks Consensus Estimate for HWM&#39;s 2024 earnings is pegged at $2.56 per share, indicating an increase of 7.1% from the 60-day-ago figure. The consensus estimate for 2025 earnings is pegged at $3.16 per share, indicating an increase of 8.2% from the year-ago period.
<h2>Other Key Picks</h2>
Other top-ranked stocks from the same space are discussed below.
Quanta Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pwr#NYSE">PWR</a>) currently carries a Zacks Rank # 2 (Buy).
PWR delivered a trailing four-quarter average earnings surprise of 4.6%. In the past 60 days, the Zacks Consensus Estimate for Quanta Services&#39; 2024 earnings has inched up 0.4%.
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 11.2%. In the past 60 days, the consensus estimate for CR&#39;s 2024 earnings has increased 1.6%.
Sterling Infrastructure, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strl#NASDAQ">STRL</a>) presently has a Zacks Rank of 2. STRL delivered a trailing four-quarter average earnings surprise of 17.4%. In the past 60 days, the Zacks Consensus Estimate for 2024 earnings has increased 6.8%.
<a href="https://www.zacks.com/stock/news/2326114/here-s-why-it-is-worth-investing-in-howmet-hwm-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2326114">To read this article on Zacks.com click here.</a>

Dividends

Here's Why it is Worth Investing in Howmet Stock Now

Advanced Drainage Systems, Inc. or ADS (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wms#NYSE">WMS</a>), a leader in water management solutions, has taken a significant step that promises to strengthen its position in the wastewater treatment market. Through its wholly-owned subsidiary, Infiltrator Water Technologies, ADS is set to acquire Orenco Systems, Inc., a leading manufacturer of advanced onsite septic wastewater treatment products. This strategic acquisition is expected to close in the third quarter of ADS&#39;s fiscal 2025, subject to standard closing conditions.
Orenco&#39;s addition to the ADS portfolio is a strategic move to accelerate growth in the advanced wastewater treatment sector. With a fragmented market landscape, this acquisition opens new avenues for ADS to expand its presence in both residential and non-residential segments, capitalizing on regulatory tailwinds driving demand.
<h3>Synergies and Innovation at the Forefront</h3>
Combining the expertise of Orenco and Infiltrator, ADS is set to leverage significant synergies in engineering and product development. This collaboration is poised to drive innovation, ensuring that the company remains at the forefront of the rapidly evolving wastewater treatment industry.
The merger will also enhance operational efficiencies, as the combined teams focus on scalability and margin expansion, a hallmark of Infiltrator&#39;s track record. The broader sales force and distribution network will enable ADS to penetrate deeper into the growing market segment, providing customers with an even more comprehensive suite of solutions.
<h3>Accelerating Growth in a Fragmented Market</h3>
The acquisition of Orenco positions WMS to capitalize on the rapidly growing and fragmented onsite septic wastewater market. This segment has gained momentum due to regulatory changes and increasing demand for efficient wastewater treatment solutions. By bringing Orenco under its umbrella, WMS is poised to expand its reach and accelerate growth in this niche yet vital industry.
<h3>Share Price Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/eb/74919.jpg?v=1874378528" />
Image Source: Zacks Investment Research
ADS stock has gained 7% in the year-to-date period compared with the Zacks Building Products - Miscellaneous industry&#39;s 10.9% growth. Although shares have underperformed its industry, earnings estimates for the current year have moved north to $7.18 from $7.17 per share over the past 60 days. This depicts analysts&#39; optimism over the company&#39;s prospects. The estimated figure indicates 12.4% year-over-year growth.
Notably, the company reported strong fiscal first-quarter 2025 results, with revenue growth driven by an 8% increase in Allied product sales and a 6% rise in Infiltrator business sales. Domestic construction markets saw a 6% overall revenue increase, fueled by volume growth across non-residential, residential, and infrastructure sectors. The company achieved an adjusted EBITDA margin of 33.8%, one of its highest quarterly margins, reflecting strong profitability due to better fixed cost absorption and strategic investments in safety, capacity, and efficiency.
The acquisition of Orenco by ADS marks a significant step in ADS&#39;s strategic growth plan, enhancing its leadership in the wastewater treatment sector. With a focus on innovation, operational excellence, and environmental responsibility, ADS is well-equipped to capitalize on new opportunities in this expanding market.
<h3>Zacks Rank &amp; Other Key Picks</h3>
Currently, ADS carries a Zacks Rank #2 (Buy).
Here are some other top-ranked stocks from the Zacks Construction sector:
Howmet Aerospace Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hwm#NYSE">HWM</a>) presently sports a Zacks Rank #1 (Strong Buy). HWM has a trailing four-quarter earnings surprise of 10.9%, on average. Shares of the company have gained 76.7% year to date (YTD).
The Zacks Consensus Estimate for HWM&#39;s 2024 sales and earnings per share indicates a rise of 12.6% and 39.1%, respectively, from the prior-year levels.
Sterling Infrastructure, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strl#NASDAQ">STRL</a>) presently sports a Zacks Rank #1. Sterling Infrastructure has a trailing four-quarter earnings surprise of 17.4%, on average. Shares of the company have gained 26.6% YTD.
The Zacks Consensus Estimate for STRL&#39;s 2024 sales and EPS indicates a rise of 9.7% and 26.6%, respectively, from the prior-year levels.
Quanta Services Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pwr#NYSE">PWR</a>) presently carries a Zacks Rank #2. PWR has a trailing four-quarter earnings surprise of 4.6%, on average. Shares of the company have gained 23.6% YTD.
The Zacks Consensus Estimate for PWR&#39;s 2024 sales and EPS indicates a rise of 14.2% and 18.3%, respectively, from the prior-year levels.
<a href="https://www.zacks.com/stock/news/2325257/advanced-drainage-systems-wms-to-buy-orenco-expand-in-wastewater?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2325257">To read this article on Zacks.com click here.</a>

Advanced Drainage Systems to Buy Orenco, Expand in Wastewater

Redgie James Probst, Chief Operating Officer at Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>), reported an insider sell on August 13, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001050915/000105091524000145//Archives/edgar/data/1050915/000105091524000145/0001050915-24-000145-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Probst sold 34,000 shares of Quanta Services. The total transaction amounted to $8,841,067. 
During Wednesday's morning session, Quanta Services shares up by 0.06%, currently priced at $262.16.
<h3>About Quanta Services</h3>
Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under three reportable segments: electric power, renewables infrastructure, and underground utility and infrastructure.
<h3>A Deep Dive into Quanta Services's Financials</h3>
Revenue Growth: Quanta Services's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 10.81%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Navigating Financial Profits:
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Gross Margin: With a low gross margin of 14.5%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
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Earnings per Share (EPS): With an EPS below industry norms, Quanta Services exhibits below-average bottom-line performance with a current EPS of 1.28.
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</ul>
Debt Management: Quanta Services's debt-to-equity ratio is below the industry average. With a ratio of 0.58, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Financial Valuation Breakdown:
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Price to Earnings (P/E) Ratio: The current P/E ratio of 49.43 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
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Price to Sales (P/S) Ratio: The current P/S ratio of 1.78 is above industry norms, reflecting an elevated valuation for Quanta Services's stock and potential overvaluation based on sales performance.
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EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 22.28, Quanta Services demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
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<h3>Delving Into the Significance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001050915">Check Out The Full List Of Quanta Services's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Sell Alert: Redgie James Probst Cashes Out $8.84M In Quanta Services Stock

TD Cowen analyst Marc Bianchi maintains Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) with a Buy and raises the price target from $270 to $280.

TD Cowen Maintains Buy on Quanta Services, Raises Price Target to $280

Quanta Services declares $0.09 dividend

Fidelity Magellan Fund Q2 2024 Review

UBS updates its 'election watch' stocks to match new winning probabilities

Analyst Justin Hauke from Robert W. Baird reiterated a Buy rating on Quanta Services (PWR – Research Report) and keeping the price target at $288.0...

Quanta Services: A Strong Buy on Unique Capabilities and Favorable Market Dynamics

SPY eyes biggest jump after a scheduled Fed meeting since the 2008 financial crisis

In a report released on September 20, John Staszak from Argus Research maintained a Buy rating on Quanta Services (PWR – Research Report). The comp...

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