PWR Stock Summary and Trading Ideas (Quanta Services | NYSE:PWR)

Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under three reportable segments: electric power, renewables infrastructure, and underground utility and infrastructure. In 2021, the company acquired Blattner, a provider of comprehensive engineering, procurement, and construction solutions to customers in the renewable energy industry.

Quanta Services trades on the NYSE stock market under the symbol PWR.

As of May 10, 2024, PWR stock price climbed to $271.48 with 846,761 million shares trading.

PWR has a beta of 1.28, meaning it tends to be more sensitive to market movements. PWR has a correlation of 0.36 to the broad based SPY ETF.

PWR has a market cap of $39.74 billion. This is considered a Large Cap stock.

Last quarter Quanta Services reported $5 billion in Revenue and $1.41 earnings per share. This beat revenue expectation by $92 million and exceeded earnings estimates by $.12.

In the last 3 years, PWR stock traded as high as $272.87 and as low as $84.40.

The top ETF exchange traded funds that PWR belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

PWR has outperformed the market in the last year with a price return of +58.6% while the SPY ETF gained +27.8%. PWR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +29.3% and +3.8%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

PWR support price is $264.53 and resistance is $275.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PWR stock will trade within this expected range on the day.