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Quanta Services: Continues Upward Run, Upside May Be Limited

Mar. 08, 2023 5:51 AM ETQuanta Services, Inc. (PWR)1 Comment
Gary Bourgeault profile picture
Gary Bourgeault


  • Quanta Services is starting to look pricey even after a recent beat and strong guidance.
  • I expect the share price to continue climbing, but the reward is getting less attractive at current levels.
  • For those liking the long-term outlook of the company, it's probably best to wait for a significant pullback before taking a position.

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Quanta Services (NYSE:PWR) is coming off nice earnings beat, with revenue of $4.42 billion beating expectations by $138.05 million, and EPS of $1.68, beating by $0.07 per share.

Since January 24, 2022, the share price of PWR has soared from approximately $93.65

This article was written by

Gary Bourgeault profile picture
I am a former investment advisor and owner of several businesses. These days I invest only for myself while continuing to write on a variety of financial and economic topics.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (1)

I believe you meant Jan 2021 when the price was below $100
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