Quanta Services: Strong Financial Performance and Strategic Initiatives Justify Buy Rating

Evercore ISI analyst Durgesh Chopra has maintained their bullish stance on PWR stock, giving a Buy rating on April 29.

Durgesh Chopra’s rating is based on Quanta Services’ strong financial performance and strategic initiatives. The company exceeded expectations in its first quarter of 2025, with adjusted earnings per share and EBITDA surpassing consensus estimates. Furthermore, Quanta Services increased its full-year guidance, indicating confidence in continued revenue growth and margin expansion.
Quanta’s business model, which focuses on collaborative and solutions-driven approaches, positions it well to manage macroeconomic uncertainties, such as tariffs. The company’s proactive measures to optimize supply chains and maintain cost efficiencies further enhance its resilience. With a large utility client base and minimal tariff exposure, Quanta Services is expected to deliver robust returns, justifying the Buy rating.

Chopra covers the Utilities sector, focusing on stocks such as Centerpoint Energy, CMS Energy, and Exelon. According to TipRanks, Chopra has an average return of 4.4% and a 56.80% success rate on recommended stocks.

In another report released on April 29, Roth MKM also maintained a Buy rating on the stock with a $350.00 price target.