Quanta Services price target raised to $565 from $450 at B. Riley

B. Riley raised the firm’s price target on Quanta Services (PWR) to $565 from $450 and keeps a Neutral rating on the shares. Quanta Services reported strong Q4 and FY25 results, with revenue up 20% year over year and adjusted EBITDA rising 14.6% in Q4 and 23.4% for the full year, despite a slight margin decline, the analyst tells investors in a research note. Total backlog reached a record $44B, up 27% y/y, reflecting robust demand in the Electric segment and across other end markets, positioning the company well for 2026, the firm says.