Quanta Services, Inc. research snapshot
PWR AI stock analysis currently reads Quanta Services as a high-quality infrastructure services company tied to grid modernization, utility hardening, data center power demand, renewable interconnection, industrial power, and large project execution. At the July 8, 2026 data cutoff, PWR closed at $656.79 on July 7, and market cap math using 150.06 million shares implied roughly $98.56 billion. The AI view is constructive on backlog, craft labor scale, customer relationships, and secular electricity demand, but valuation already discounts years of strong growth. This PWR AI stock analysis uses scenarios, not a certain price prediction, and is for informational use only.
Current price
$656.79
Market cap
$98.56 billion verified market cap
AI score
70 / 100
Rating
High-quality grid, power, and infrastructure services compounder with demanding valuation risk
Trend status
Long-term trend remains above the 100-day and 200-day averages, but short-term momentum is weak after a pullback from the May 2026 high
Data cutoff (updated weekly)
July 8, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Quanta sells outsourced engineering, procurement, construction, repair, and maintenance services for electric power, renewable, underground, communications, and industrial infrastructure. | High |
| Moat | The moat comes from craft labor scale, safety record, utility relationships, project execution history, acquisition network, equipment depth, and the difficulty of staffing large energized infrastructure work. | High |
| Management | CEO Duke Austin has expanded Quanta through acquisitions, backlog growth, and broader exposure to grid, data center, and large load infrastructure while keeping 2026 guidance growth focused on execution visibility. | High |
| Financial trend | FY2025 revenue was $28.48 billion, net income attributable to common stock was $1.03 billion, operating cash flow was $2.23 billion, and Q1 2026 total backlog reached $48.47 billion. | High |
| Valuation | At $656.79, PWR screened near 96.6x FY2025 GAAP EPS, 11.0x book value, and 63.6x low-end 2026 guided free cash flow per share. | Medium-high |
| Technical trend | The stock is below short-term moving averages near $700 to $713, but remains above the 100-day and 200-day moving averages, so the setup is a pullback inside a still positive larger trend. | Medium |
| Risk level | Key risks are premium multiple compression, project delays, permitting, weather, safety events, labor availability, utility capex cycles, acquisition integration, debt load, and lower-margin backlog conversion. | Medium-high |
| AI confidence | Descriptive confidence is high because filings and market data are rich. Return confidence is lower because the market already prices in strong power infrastructure growth. | High data confidence |
| Investment certainty | Medium. PWR is a strong business, but the current stock needs continued earnings growth and premium valuation support to produce attractive forward returns. | Medium |
PWR AI stock forecast
The PWR AI stock forecast is scenario-based because Quanta value depends on backlog conversion, utility and data center power spending, execution margin, acquisition returns, labor capacity, interest rates, and market appetite for premium infrastructure multiples. Using the $656.79 price reference, 2026 adjusted EPS midpoint of $13.90, and the audited three-scenario model, the mechanical three-year range points to about $391 in a bear case, $742 in a base case, and $1,096 in a bullish case before dividends. This range is not a guarantee.
$1,060 to $1,115 before dividends
More likely if adjusted EPS compounds near the high teens, total backlog keeps rising above $48 billion, electric segment margins hold, data center and utility grid demand remain strong, acquisitions add profitable capacity, and investors keep valuing PWR near a high-40s earnings multiple.
$720 to $760 before dividends
More likely if Quanta meets 2026 guidance, adjusted EPS compounds near the low teens, backlog converts without major margin leakage, project timing stays manageable, and valuation settles near a high-30s earnings multiple.
$375 to $405 before dividends
More likely if utility or data center project starts slow, labor and safety costs rise, acquisitions dilute returns, debt costs stay elevated, weather or permitting delays hurt execution, or PWR rerates toward a normal construction services multiple.
PWR AI technical analysis
PWR AI technical analysis is mixed as of the July 8, 2026 data cutoff. MarketWatch reported a July 7, 2026 close of $656.79, 16.73% below the $788.75 52-week high set on May 6, with volume of about 1.2 million shares below its 50-day average near 1.3 million. TipRanks listed the 20-day simple moving average near $700.04, the 50-day simple moving average near $712.74, the 100-day simple moving average near $638.04, and the 200-day simple moving average near $539.41. That mix points to short-term selling pressure but an intact longer-term trend while price stays above the 100-day and 200-day areas.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $656.79 | MarketWatch reported the July 7, 2026 close at $656.79, down 2.56% for the session. |
| Immediate support | $638 to $657 | This zone brackets the July 7 close and the 100-day simple moving average near $638.04 from TipRanks. |
| Major support | $539 to $560 | TipRanks listed the 200-day simple moving average near $539.41 and the 200-day exponential moving average near $558.00. |
| Deeper support | $390 to $405 | This overlaps the bearish three-year scenario range and would imply a major valuation reset rather than a normal pullback. |
| Near resistance | $700 to $713 | The 20-day and 50-day simple moving averages sit in this area, so PWR needs to reclaim it to repair short-term momentum. |
| Upper resistance | $788.75 | MarketWatch reported the 52-week high at $788.75, set on May 6, 2026. |
| Moving averages | 20-day near $700, 50-day near $713, 100-day near $638, 200-day near $539 | Short-term averages are overhead while longer-term averages remain below price. |
| Momentum | Daily technical signal weak | Investing.com showed a Strong Sell daily technical reading, reflecting short-term pressure after the pullback. |
| Volume | About 1.2 million versus 1.3 million 50-day average | MarketWatch reported volume below the 50-day average, so a rebound should be checked for stronger participation. |
| Volatility | Watch earnings, guidance, rates, project awards, and data center power sentiment | PWR can reprice around backlog updates, utility capex commentary, large project timing, acquisition news, and interest rate changes. |
| Invalidation | Close below $638, then below $539 | A sustained break below the 100-day average would weaken the pullback setup. A break below the 200-day area would challenge the longer-term trend. |
PWR AI trading strategy
The PWR AI trading strategy below is a rules-based research framework, not personal advice. It connects chart levels with 2026 revenue guidance, adjusted EPS guidance, backlog conversion, electric power demand, acquisition integration, labor capacity, and free cash flow.
Watch for PWR to reclaim the $700 to $713 resistance zone and hold above it while company updates continue to support 2026 revenue of $34.7 billion to $35.2 billion, adjusted EPS of $13.55 to $14.25, and total backlog near or above Q1 levels.
A failed reclaim followed by a close below the 100-day average near $638 should reduce trend confidence, especially if backlog conversion, margins, or free cash flow guidance weaken.
If PWR pulls back toward $638 without a guidance cut, compare the lower price with backlog quality, utility and data center demand, acquisition integration, free cash flow conversion, and the expected earnings base.
Do not treat every pullback as attractive. A premium multiple can compress quickly if project timing slips or investors question the durability of power infrastructure growth.
Track total backlog, Electric backlog, adjusted EBITDA margin, free cash flow guidance of $1.55 billion to $2.05 billion, net debt, acquisition activity, labor availability, safety performance, and utility capex commentary.
Position sizing should reflect that PWR is a high-expectation infrastructure stock, not a guaranteed AI power demand winner or a substitute for a diversified investment plan.
Investment research summary
Customers pay Quanta because electric utilities, renewable developers, data center power users, communications providers, and industrial customers need scarce skilled labor and proven execution for complex infrastructure work.
PWR has scale, craft labor density, safety systems, utility relationships, specialized equipment, project history, and an acquisition platform. The moat is practical and execution-based rather than patent-based.
The thesis fails if backlog does not convert to earnings, labor becomes unavailable or more expensive, projects are delayed, acquisitions overreach, safety events damage trust, debt reduces flexibility, or the market refuses to pay a growth multiple for construction services.
Management has built a broader infrastructure platform through organic growth and acquisitions. The next test is whether Quanta can integrate added capacity, protect margins, and convert record backlog into cash rather than only revenue.
Quanta sits inside long-duration trends: grid hardening, electrification, AI and data center power demand, renewable interconnection, industrial reshoring, and replacement of aging utility assets. These trends are favorable but already well recognized.
The verified scenario model shows that the current price needs continued adjusted EPS growth and a premium multiple. Margin of safety is modest unless the stock pulls closer to major support or fundamentals keep compounding faster than expected.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| Current price | $656.79 close on July 7, 2026 | MarketWatch daily quote report | July 8, 2026 |
| Market cap | $98.56 billion, verified from $656.79 times 150.06 million shares | StockAnalysis PWR market cap | July 8, 2026 |
| Shares outstanding | 150.06 million current shares outstanding | StockAnalysis PWR statistics | July 8, 2026 |
| FY2025 revenue | $28.480 billion, cross-checked against company investor summary near $28.5 billion | Quanta Services 2025 Form 10-K | July 8, 2026 |
| FY2025 net income attributable to common stock | $1.028 billion, cross-checked against company investor summary | Quanta Services 2025 Form 10-K | July 8, 2026 |
| FY2025 diluted EPS | $6.80 | Quanta Services 2025 Form 10-K | July 8, 2026 |
| FY2025 operating cash flow | $2.230 billion | Quanta Services 2025 Form 10-K | July 8, 2026 |
| FY2025 backlog | $43.976 billion total backlog at December 31, 2025 | Quanta Services 2025 Form 10-K | July 8, 2026 |
| Q1 2026 backlog | $48.471 billion total backlog at March 31, 2026 | Quanta Services Q1 2026 release | July 8, 2026 |
| 2026 outlook | Revenue $34.7 billion to $35.2 billion, adjusted EPS $13.55 to $14.25, free cash flow $1.55 billion to $2.05 billion | Quanta Services Q1 2026 release | July 8, 2026 |
| Technical levels | 20-day SMA near $700.04, 50-day SMA near $712.74, 100-day SMA near $638.04, 200-day SMA near $539.41 | TipRanks PWR technical analysis | July 8, 2026 |
| 52-week high | $788.75, set on May 6, 2026 | MarketWatch daily quote report | July 8, 2026 |
This page is an informational research tool only and is not investment advice, a recommendation, or a solicitation to buy or sell PWR. Forecast scenarios are based on available public data, stated assumptions, and current market prices as of the data cutoff. They can be wrong if business conditions, valuation multiples, rates, project timing, or market sentiment change.
