Quanta Services (PWR)
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-07-07
$656.61-2.59%
Close 2026-07-07 · 1-day change
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Quanta Services aims to grow revenue to about $35 billion in 2026. EPS is guided to rise to about $9.5 per share. The company has strong backlog and raised its full-year outlook. It also started a $1 billion stock buyback program.
The stock is selling off sharply and trades at a high PE of 63. Revenue growth may slow from the current strong pace. The market expects 20% revenue growth, which is demanding. Any miss on guidance could hurt the shares.
The price is about 42% above our fair value near $467 and 40% below the Street median target. Analysts expect about 20% revenue growth. Our view is more cautious on valuation and growth sustainability.
Breaks if: Buyback program is canceled or materially reduced
Quanta has announced a new stock repurchase program authorizing up to $1.0 billion in buybacks.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Newly stated in 2026-Q2. The Board authorized a stock repurchase program for up to $1.0 billion, indicating a strategic capital allocation move. This is a new initiative for the company.
“The Board authorized a new stock repurchase program, effective May 21, 2026, for up to $1.0 billion.”
Breaks if: EPS falls below $8.36 in FY26
Quanta aims to achieve diluted earnings per share between $9.17 and $9.87 for fiscal year 2026.
Stated in 2 of last 2 quarters. EPS guidance increased from $8.36 in 2025 to $9.17 in 2026, showing positive earnings growth. The company is on track to meet its EPS target.
“Quanta also now expects diluted earnings per share to range between $9.17 and $9.87.”
“Quanta also expects diluted earnings per share to range between $8.36 and $9.06.”
Breaks if: Free cash flow falls below $1.3 billion in FY26
Quanta has announced a new stock repurchase program authorizing up to $1.0 billion in buybacks.
Newly stated in 2026-Q2. The Board authorized a stock repurchase program for up to $1.0 billion, indicating a strategic capital allocation move. This is a new initiative for the company.
“The Board authorized a new stock repurchase program, effective May 21, 2026, for up to $1.0 billion.”
Breaks if: Revenue falls below $27.8 billion in FY26
Quanta aims to increase its revenue to a range of $34.7 billion to $35.2 billion for the fiscal year 2026.
Stated in 2 of last 2 quarters. Revenue guidance increased from $27.8 billion in 2025 to $34.7 billion in 2026, indicating a strong growth trajectory. The company is delivering on its revenue growth priority.
“Quanta now expects revenues to range between $34.7 billion and $35.2 billion.”
“For the full year ending December 31, 2026, Quanta expects revenues to range between $33.25 billion and $33.75 billion.”