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The latest update is out from Quanta Services ( (PWR) ).
Quanta Services reported strong financial results for the fourth quarter and full year of 2024, with significant increases in revenue, net income, and adjusted earnings per share compared to the previous year. The company achieved record revenues of $23.67 billion for the year and anticipates continued growth in 2025, driven by its robust project backlog and strategic acquisitions, including a large fiber build project and new acquisitions in the U.S. and Australia. Quanta remains well-positioned to capitalize on industry trends and expand its market presence as a leader in infrastructure solutions.
More about Quanta Services
Quanta Services, Inc. operates in the infrastructure sector, focusing on delivering comprehensive solutions in electric power, renewable energy, and communications infrastructure. It serves a wide range of clients in industries undergoing transformation due to increasing demand for power and infrastructure solutions.
YTD Price Performance: -7.56%
Average Trading Volume: 1,235,801
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $42.45B
Learn more about PWR stock on TipRanks’ Stock Analysis page.