Analysis: Quanta Services, Inc.

US:PWR

Why is Quanta Services, Inc. stock rising?

  • Quanta raised full-year 2026 guidance to $39.3-$39.7 billion revenue, $4.1-$4.2 billion adjusted EBITDA and $16.45-$16.95 adjusted EPS.
  • NiSource-related generation program is expected to move a significant amount into backlog in Q3 2026.
  • Large high-voltage transmission programs, including 765/345/500-kV corridors, are expected to start hitting backlog in late 2026.
  • Quanta’s $500 million-$700 million transformer and vertical-supply-chain investment will double power transformer manufacturing capacity.
  • Technology and load-center business is expected to grow more than 100% in 2026 as data-center demand and acquisitions scale.

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