Quanta Services (PWR)
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-09-04
$624.41+0.70%
Close 2026-09-04 · 1-day change
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-09-04
QuarterlyIQ Insights · PWR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 24.1% |
| Our one-year growth estimate | diamond | 28.7% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 4.6 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 32 industry peers
PWR — debt issuance
Dated 2026-08-06
Entry into a Material Definitive Agreement. On August 6, 2026 (the “Closing Date”), Quanta Services, Inc. (the “Company”) issued (i) $500,000,000 aggregate principal amount of its 4.850% Senior Notes due 2029 (the “2029 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.300% Senior Notes due 2033 (the “2033 Notes”) and (iii) $750,000,000 aggregate principal amount of its 5.550% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2033 Notes, the “Notes…
Why it matters: Progress on the joint venture shows Quanta wants to grow its manufacturing.
Supportive ifWatch for news about milestones or contracts from the joint venture with Hyosung HICO.
Worry ifNo updates or delays in the joint venture may show execution risks.
Why it matters: Finishing this program shows smart spending and trust in future growth.
Supportive ifQuanta completes the $1 billion stock buyback program.
Worry ifManagement pauses or cuts the stock buyback program.
Why it matters: Good results from acquisitions would help Quanta grow its skills.
Supportive ifQ3 earnings show a positive effect from recent acquisitions. They helped revenue and EBITDA.
Worry ifQ3 earnings show no major help from recent acquisitions. This suggests integration challenges.
Why it matters: A revenue update will show if Quanta is on track to meet its $34.7-$35.2 billion target.
Supportive ifQ2 revenue guidance is raised above $35.2 billion.
Worry ifQ2 revenue guidance is lowered below $34.7 billion.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$185 on $10,000 · ±1.8% | How much price usually moves either way. |
| Bad day | $443 loss on $10,000 · 4.4% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,854 loss on $10,000 · 28.5% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Sector growth trends can impact Quanta's performance and outlook.
Watch forSector revenue growth speeds up to 8% or more.
Also watch forSector revenue growth slows down to less than 8%.
Why it matters: How well Quanta does with new companies shows its ability to grow.
Watch forQ3 earnings show good results from the Phalcon and Enerfab acquisitions.
Also watch forQ3 earnings show no big results from the recent acquisitions.
Why it matters: A growing backlog shows strong future revenue. It shows demand in the electric segment.
Supportive ifTotal backlog is over $50 billion.
Worry ifTotal backlog is under $48 billion.
Why it matters: Free cash flow is key for funding growth and stock buybacks. It shows financial health.
Watch forFree cash flow reported above $1.8 billion.
Also watch forFree cash flow reported below $1.5 billion.
Why it matters: Strong revenue growth would confirm Quanta's ability to drive double-digit growth in 2026.
Supportive ifQ3 revenue grew over 10% from last year. This confirms management's growth goals.
Worry ifQ3 revenue growth is below 5% from last year. This shows possible problems in execution.
Why it matters: Updates on the $1 billion stock buyback will show management's trust in the company.
Watch forManagement says they have finished buying back at least $500 million in stock.
Also watch forNo big updates on stock repurchases after six months could raise concerns.
Why it matters: The launch will show if Quanta can grow its manufacturing and meet demand.
Supportive ifThe joint venture launches its first high-voltage circuit breaker product.
Worry ifThe joint venture delays its product launch beyond expected timelines.
Why it matters: Earnings per share shows how profitable a company is. It also shows growth expectations.
Supportive ifEPS reported within the $9.17-$9.87 range.
Worry ifEPS reported below $9.17.
Why it matters: Changes in credit ratings can impact borrowing costs and how investors feel.
Watch forA credit rating upgrade from Moody's would show better financial health.
Also watch forA downgrade in credit rating would raise concerns about financial health.
Why it matters: Backlog growth shows that Quanta can earn more money in the future. It also shows demand for their services.
Supportive ifBacklog increases to over $50 billion by the end of Q2 2026.
Worry ifBacklog decreases or stays below $48.5 billion.
Why it matters: Slower growth could signal a shift in demand or execution challenges. Quanta aims for double-digit growth.
Worry ifQ3 revenue growth below 10% year over year.
Less concerning ifQ3 revenue growth above 10% year over year.
Why it matters: Progress on the buyback may show management's confidence. It reflects their view on the company's value.
Supportive ifThey announced a large number of shares repurchased. This was under the $1 billion program.
Worry ifNo updates or delays in the buyback program.
Why it matters: Acquisitions will affect revenue. This shows how well Quanta's growth strategy is working.
Supportive ifAcquisitions are expected to add $1.2 billion to $1.4 billion in revenue by 2026.
Worry ifAcquisitions may not bring in expected revenue. They could also face integration problems.