On October 6, Quanta rose 3.33% in regular trading, trading at $706.605 per share, with turnover of $41.58 million.
The move follows a wave of investment bank rating and target price increases, reinforced by robust demand for AI infrastructure. The company's second-quarter results, released on July 30, showed adjusted earnings of $4.24 per share, far exceeding the $3.30 consensus estimate, while revenue of $9.56 billion also topped expectations. Management raised full-year adjusted EPS guidance to a range of $16.45 to $16.95, significantly above the market forecast of $14.01.
Quanta Services provides infrastructure solutions for electric power, renewable energy, communications, and pipeline industries across the United States, Canada, Australia, and internationally, positioning it as a key beneficiary of grid modernization and data center buildouts.
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