Roth Capital raised the firm’s price target on Quanta Services (PWR) to $450 from $350 and keeps a Buy rating on the shares. The firm remains constructive on Quanta Services heading into the Q2 report, as its bookings and backlog remain supported by strong demand from AI and datacenter, reshoring of manufacturing, and electrification, the analyst tells investors in a research note. Roth sees the stock momentum continuing amid sustained backlog growth, potential datacenter bookings, and early wins in 765kV transmission projects.
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