Quanta Services (PWR)
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-11-04
$580.44-11.65%
Close 2026-11-04 · 1-day change
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-11-04
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 | 15.3% |
| Our one-year growth estimate | diamond | 26.5% |
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 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
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 11.1 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 12 industry peers · Company calendar date is not available
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: Quanta raised its 2026 revenue range to $41.3B–$41.6B. Falling short would weaken the growth read after record Q3 results.
Worry ifFull-year 2026 revenue is below $41.3B, or Q4 revenue falls short of what is needed to reach that floor.
Less concerning ifFull-year 2026 revenue lands at or above $41.3B.
Why it matters: The industrial sector has been slowing, while Quanta's Q3 revenue rose to $12.01B from $7.63B. Continued growth would show strength against that backdrop.
Watch forThe next reported quarter shows revenue above the same quarter of 2026.
Also watch forThe next reported quarter shows revenue below the same quarter of 2026.
Why it matters: Management links continued backlog growth to strong 2027 earnings growth. A higher backlog would support that view.
Supportive ifA later report shows total backlog above $63.7B and says continued backlog growth supports the 2027 outlook.
Worry ifA later report shows total backlog at or below $63.7B, with no new growth from the Q3 record.
Why it matters: The joint venture adds U.S. production of breakers rated up to 800 kV. Output would show this supply-chain plan is moving forward.
Supportive ifQuanta or Hyosung HICO confirms the Canonsburg plant has begun making breakers rated up to 800 kV.
Worry ifThe partners report a delay, cancellation, or no start of production at the Canonsburg plant.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$186 on $10,000 · ±1.9% | How much price usually moves either way. |
| Bad day | $462 loss on $10,000 · 4.6% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,041 loss on $10,000 · 30.4% | 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: Quanta expects four acquired firms to add $1.2B–$1.4B in revenue and $120M–$140M in adjusted EBITDA for 2026.
Supportive ifQuanta reports the four firms contributed at least $1.2B in 2026 revenue and at least $120M in adjusted EBITDA.
Worry ifQuanta reports less than $1.2B in revenue or less than $120M in adjusted EBITDA from the four firms.