Quanta Services, Inc. research snapshot
PWR AI stock analysis reads Quanta Services as a high-quality infrastructure services company that just posted a record second quarter and raised its full-year plan. On July 30, 2026, Quanta reported Q2 2026 revenue of $9.56 billion, GAAP diluted EPS of $2.96, adjusted diluted EPS of $4.24, record total backlog of $53.4 billion, and free cash flow of $0.9 billion. Management raised 2026 guidance to revenue of $39.3 billion to $39.7 billion, adjusted diluted EPS of $16.45 to $16.95, and free cash flow of $2.0 billion to $2.5 billion. At the August 2, 2026 data cutoff, PWR closed at $667.36 on July 31, and market cap math using 150.34 million shares implies roughly $100.33 billion. The AI view stays constructive on backlog, craft labor scale, utility and data center power demand, and recent acquisitions, but the valuation still prices in years of strong growth. This PWR AI stock analysis uses scenarios, not a certain price prediction, and is for informational use only.
Current price
$667.36
Market cap
$100.33 billion verified market cap
AI score
76 / 100
Rating
High-quality infrastructure services compounder with record backlog and a demanding valuation
Trend status
Uptrend intact above the 200-day and 100-day moving averages, but price is below the 50-day average after a sharp earnings-driven rebound
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Quanta sells outsourced engineering, procurement, construction, fabrication, repair, and maintenance services for electric power, renewable, underground, communications, load center, industrial, and energy infrastructure. | High |
| Moat | The moat comes from craft labor scale, self-perform capabilities, safety record, utility relationships, project execution history, an acquisition network, equipment depth, and the difficulty of staffing large energized infrastructure work. | High |
| Management | CEO Duke Austin has expanded Quanta through the Phalcon, Enerfab, Percheron, and PSD acquisitions, kept 2026 guidance raised across revenue, EPS, EBITDA, and cash flow, and supported a new $1 billion repurchase authorization. | High |
| Financial trend | FY2025 revenue was $28.48 billion and net income attributable to common stock was $1.028 billion. Q2 2026 revenue was $9.56 billion, GAAP diluted EPS was $2.96, adjusted diluted EPS was $4.24, and total backlog reached a record $53.4 billion. | High |
| Valuation | At $667.36, PWR screens near 76.4x trailing GAAP EPS, 3.05x sales, 10.4x book value, and 43.9x trailing free cash flow, with a forward PE near 38x using 2026 adjusted EPS guidance. | Medium-high |
| Technical trend | The stock closed at $667.36 on July 31, 2026, above the 100-day moving average near $655.74 and the 200-day average near $561.35, but below the 50-day average near $681.09, so the short-term trend is improving after the earnings move. | Medium |
| Risk level | Key risks are premium multiple compression, integration of four recent acquisitions, project delays, permitting, weather, safety events, labor availability, utility capex cycles, debt load, and lower-margin backlog conversion. | Medium-high |
| AI confidence | Descriptive confidence is high because filings, the Q2 2026 release, and market data are rich and cross-validated. 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 $667.36 price reference and the raised 2026 adjusted EPS midpoint of $16.70, the audited three-scenario model points to about $348 in a bear case, $587 in a base case, and $923 in a bullish case before dividends over three years. This range is not a guarantee.
$890 to $960 before dividends
More likely if adjusted EPS compounds near 20% a year, total backlog keeps rising above $53 billion, electric segment margins hold, data center and utility grid demand remain strong, the 2026 acquisitions integrate cleanly, and investors keep valuing PWR near a 30x to 32x forward earnings multiple.
$560 to $620 before dividends
More likely if Quanta meets the raised 2026 guidance, adjusted EPS compounds near 12% a year, backlog converts without major margin leakage, project timing stays manageable, and valuation settles near a 24x to 26x forward earnings multiple.
$330 to $370 before dividends
More likely if utility or data center project starts slow, acquisition integration strains margins, labor and safety costs rise, debt costs stay elevated, weather or permitting delays hurt execution, or PWR rerates toward a 17x to 19x multiple more typical of construction services.
PWR AI technical analysis
PWR AI technical analysis is mixed but improving as of the August 2, 2026 data cutoff. StockAnalysis reported a July 31, 2026 close of $667.36, up 1.43% on the day and up 62.33% over the past 52 weeks, with a 52-week range of $363.01 to $788.75. Barchart listed the 5-day moving average near $619.02, the 20-day near $641.48, the 50-day near $681.09, the 100-day near $655.74, and the 200-day near $561.35, with 14-day RSI near 53.07. Price is above the 100-day and 200-day averages, so the longer-term trend is intact, while the 50-day average overhead marks the main short-term resistance.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $667.36 | StockAnalysis reported the July 31, 2026 close at $667.36, up 1.43% for the session and 62.33% over 52 weeks. |
| Immediate support | $641 to $657 | This zone brackets the 20-day moving average near $641.48 and the 100-day moving average near $655.74 from Barchart. |
| Major support | $560 to $610 | The 200-day moving average was near $561.35, with the year-to-date average near $606.78, forming a wide support band. |
| Deeper support | $330 to $370 | This overlaps the bearish three-year scenario range and would imply a major valuation reset rather than a normal pullback. |
| Near resistance | $681 to $700 | The 50-day moving average near $681.09 from StockAnalysis and Barchart sits overhead, so PWR needs to reclaim it to repair short-term momentum. |
| Upper resistance | $788.75 | StockAnalysis reported the 52-week high at $788.75, and prior MarketWatch data dated the high to May 6, 2026. |
| Moving averages | 5-day near $619, 20-day near $641, 50-day near $681, 100-day near $656, 200-day near $561 | The 50-day average is overhead while the 100-day and 200-day averages remain below price. |
| Momentum | 14-day RSI near 53, improving after earnings | Barchart showed 14-day RSI near 53.07 and 14-day ADX near 25.83 on July 31, 2026, a neutral to constructive momentum read. |
| Volume | About 1.1 million to 1.2 million shares average | StockAnalysis listed 20-day average volume near 1.12 million shares, and Barchart near 1.16 million, so rebound participation should be checked against these baselines. |
| Volatility | Elevated, with 14-day historical volatility near 79% | Barchart reported 14-day historical volatility near 78.87% and a 14-day average true range near $34.27, so position sizing should account for larger swings. |
| Invalidation | Close below $641, then below $561 | A sustained break below the 20-day and 100-day area near $641 to $657 would weaken the rebound setup. A break below the 200-day average near $561 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 the raised 2026 guidance, backlog, acquisition integration, electric power demand, labor capacity, and free cash flow.
Watch for PWR to reclaim and hold the $681 to $700 resistance zone while company updates continue to support 2026 revenue of $39.3 billion to $39.7 billion, adjusted EPS of $16.45 to $16.95, and record backlog.
A failed reclaim followed by a close below the 100-day average near $656 should reduce trend confidence, especially if backlog conversion, margins, or free cash flow guidance weaken.
If PWR pulls back toward the $641 to $657 support band 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 near 38x forward earnings can compress quickly if project timing slips or investors question the durability of power infrastructure growth.
Track total backlog, remaining performance obligations, adjusted EBITDA margin, 2026 free cash flow guidance of $2.0 billion to $2.5 billion, net debt, integration of the Phalcon, Enerfab, Percheron, and PSD acquisitions, 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, load centers, and industrial customers need scarce skilled labor and proven execution for complex infrastructure work.
PWR has scale, craft labor density, self-perform and fabrication capabilities, 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, the four 2026 acquisitions overreach or dilute returns, 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, and raised 2026 guidance after a record Q2. 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 | $667.36 close on July 31, 2026, up 1.43% for the session | StockAnalysis PWR real-time quote | July 31, 2026 |
| Market cap | $100.33 billion, verified as $667.36 x 150.34 million shares with 0.00% deviation | financial_rigor.py market cap verification | August 2, 2026 |
| Shares outstanding | 150.34 million current shares outstanding | StockAnalysis PWR statistics | August 2, 2026 |
| Q2 2026 revenue | $9.56 billion, cross-checked at $9.557 billion on MacroTrends | Quanta Services Q2 2026 earnings release | July 30, 2026 |
| Q2 2026 GAAP diluted EPS | $2.96, up from $1.52 in Q2 2025 | Quanta Services Q2 2026 earnings release | July 30, 2026 |
| Q2 2026 adjusted diluted EPS | $4.24, up from $2.48 in Q2 2025 | Quanta Services Q2 2026 earnings release | July 30, 2026 |
| Q2 2026 net income and cash flow | Net income attributable to common stock of $451.4 million, cash flow from operations of $1.1 billion, and free cash flow of $0.9 billion | Quanta Services Q2 2026 earnings release | July 30, 2026 |
| Q2 2026 backlog | Record total backlog of $53.4 billion and remaining performance obligations of $33.6 billion | Quanta Services Q2 2026 earnings release | July 30, 2026 |
| 2026 outlook | Revenue $39.3 billion to $39.7 billion, adjusted diluted EPS $16.45 to $16.95, adjusted EBITDA $4.09 billion to $4.21 billion, free cash flow $2.0 billion to $2.5 billion | Quanta Services Q2 2026 earnings release | July 30, 2026 |
| Q2 2026 acquisitions | Phalcon, Enerfab, Percheron, and PSD acquired for about $1.24 billion net of cash, expected to add $1.2 billion to $1.4 billion of revenue and $120 million to $140 million of adjusted EBITDA in 2026 | Quanta Services Q2 2026 earnings release | July 30, 2026 |
| FY2025 revenue | $28.480 billion, cross-checked across MacroTrends and the 2025 Form 10-K | MacroTrends PWR revenue history | August 2, 2026 |
| FY2025 net income and EPS | Net income attributable to common stock of $1.028 billion and diluted EPS of $6.80 | Quanta Services 2025 Form 10-K | August 2, 2026 |
| FY2025 backlog | $43.976 billion total backlog at December 31, 2025 | Quanta Services 2025 Form 10-K | August 2, 2026 |
| Valuation ratios | 76.36x trailing GAAP EPS, 3.05x sales, 10.40x book value, 43.85x trailing free cash flow, 0.07% dividend yield | financial_rigor.py valuation verification | August 2, 2026 |
| Forward valuation | Forward PE near 38.15, EV/EBITDA near 34.71, PEG ratio near 2.18 | StockAnalysis PWR statistics | August 2, 2026 |
| Analyst consensus | Buy rating with an average target of $762.08 across 30 analysts, low $410, high $976, median $790 | StockAnalysis PWR forecast | July 31, 2026 |
| Recent analyst actions | Guggenheim upgraded to Buy with $800 target, UBS reiterated Buy at $900, Citi raised to $871, Baird lowered to $728, and JPMorgan downgraded to Neutral at $714 | StockAnalysis PWR forecast and news | July 31, 2026 |
| Technical levels | 5-day MA near $619.02, 20-day MA near $641.48, 50-day MA near $681.09, 100-day MA near $655.74, 200-day MA near $561.35 | Barchart PWR technical analysis | July 31, 2026 |
| Momentum and volatility | 14-day RSI near 53.07, 14-day ADX near 25.83, 14-day historical volatility near 78.87%, 14-day average true range near $34.27 | Barchart PWR technical analysis | July 31, 2026 |
| 52-week price performance | Up 62.33% over 52 weeks, range $363.01 to $788.75 | StockAnalysis PWR statistics | August 2, 2026 |
| Credit rating | Moody’s upgraded senior unsecured notes to Baa2 from Baa3 and commercial paper to Prime-2 in June 2026 | Quanta Services Q2 2026 earnings release | July 30, 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, acquisition integration, or market sentiment change.
Design trading strategies visually with 10+ indicators. Set entry/exit conditions and risk management, then generate Pine Script code with no coding required.
Filter and discover stocks based on market cap, dividend yield, P/E ratio, sector, and more. Screen thousands of stocks with real-time data.
Smart AI-driven stock selection with fundamental screening, analyst estimates, and key metrics. Filter by P/E, market cap, dividends, and more.
