📅 2 days ago Analyzed on Jan 16, 2026

PWR

Quanta Services Inc.
2026-01-16 02:59 PM
+5.71%
Quanta Services Surges Despite Analyst Price Target Cut, Backlog Strength in Focus
Jefferies lowered its price target on PWR to $506 from $517 while maintaining a buy rating, per MarketBeat. Separately, Zacks highlighted the company's record $39.2 billion backlog and expectations for double-digit EPS growth in 2026, driven by electric infrastructure momentum.

Analysis

The strong move appears disconnected from the modest analyst price target reduction, suggesting investors are focusing on the positive fundamental story—record backlog and growth trajectory. Volume at 2.8x normal indicates meaningful institutional interest, and this extends a strong week with gains in four of the last five sessions. The stock significantly outperformed its sector, pointing to company-specific drivers rather than broader industrial strength.

Date: 2026-01-16
Price: $474.44
Type: Stock Specific
Confidence: medium

This is a permanent link to this specific analysis (ID: 2200)

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