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Stock Charts AI Power Rank: 1.5
Power Rank trend -> Falling
07/26/2024 16:10:00 EST
Quanta Services Inc (PWR)
Industry: Engineering & Construction
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, PWR has been trading in a range between $268.81 and $244.94 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Quanta Services Inc $PWR entered a Red zone 3 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $222.25, a potential down side of -13.43% from the recent price of 256.73. The stock is trading 11.7% (potential upside) below its 52 week high of $286.77 and 67.17 % (potential downside) above its 52 week low of $153.57 - based on the recent price.
Company Summary
Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.
News
| Quanta Services Will Electrify The Future Quanta Services, Inc. faces uncertainty in a challenging macroeconomic environment, but is poised for growth due to increasing demand for electricity driven by AI factories. The acquisition of Cupertino Electric positions Quanta well in the data center industry, with expectations of significant revenue and aEBITDA growth in the coming years. Despite macroeconomic risks, Quanta is expected to see growth in Electrical Power Infrastructure Solutions and renewables segments, with potential margin enhancements in eFY25. Source: Seeking Alpha Thu, 25 Jul 2024 15:00:35 -0400 Sentiment: Negative |
| Quanta Services (PWR) Earnings Expected to Grow: Should You Buy? Quanta Services (PWR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Source: Zacks Investment Research Thu, 25 Jul 2024 11:06:11 -0400 Sentiment: Neutral |
| Why Quanta Services (PWR) Dipped More Than Broader Market Today Quanta Services (PWR) concluded the recent trading session at $264.46, signifying a -1.21% move from its prior day's close. Source: Zacks Investment Research Tue, 23 Jul 2024 19:20:38 -0400 Sentiment: Neutral |
| Quanta's (PWR) Shares Rise 8% Following CEI Acquisition Quanta (PWR) and CEI are set to enhance electrical infrastructure solutions, fostering innovation for utilities and power consumers. Source: Zacks Investment Research Fri, 19 Jul 2024 13:01:43 -0400 Sentiment: Positive |
| Quanta Services pays $1.54 billion for data center infrastructure company Quanta Services Inc.'s stock PWR was up by 1.3% in premarket trading Thursday after the contracting services company in the utility and energy business said it closed a $1.54 billion acquisition of Cupertino Electric Inc. of San Jose, Calif., a specialist in data center infrastructure with 4,300 employees. The deal will add $1 billion in revenue to Quanta Services in 2024, the company said. In 2025, the Cupertino Electric business will add about 40 cents to 50 cents a share in adjusted earnings per share and $2.33 billion to $2.43 billion in revenue to Quanta Services. The purchase of $1.54 billion includes about $1.3... Source: Market Watch Thu, 18 Jul 2024 07:20:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 286.7684 52 Week Low: 153.5691 Beta: 1.032 50 Day MA: 266.6416 200 Day MA: 227.9503 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.234 Qtr Revenue Growth YOY: 0.136 Forward PE: 29.9401 Trailing PE: 48.3126