Quanta Services: Acquisitions Make Technology Investments a Growth Driver
Achieving a growth score of 15 out of 15 points
Truist analysts with a price target of 521 USD (Buy) see a 25% chance
Reading Time: 1 minute
Quanta Services (PWR) offers, in my opinion, good opportunities for the coming years to directly benefit from the expansion of power grids and the construction of new data centers and semiconductor factories. The CEO sees opportunities through potentially historic investments in high-voltage transmission infrastructure and its expansion. Currently, there is already a record backlog of 38.5 billion USD, and about 85% of the work is carried out in-house, which ensures high margins. With the acquisitions of Cupertino Electric and Dynamic Systems,...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
