Quanta Services, Inc.
In the published model solve dated 2026-Q2, anchored at $600.90, Quanta Services, Inc. (PWR) is priced for today's economics sustained for ~11.8 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
- The capital story is reinvestment into a once-in-a-generation demand wave: grid modernization, data center buildout, and electrification. Quanta is plowing cash into people, equipment, and acquisitions to capture it, and the backlog reflects the payoff. - The first quarter of 2026 was a blowout, with revenue up 26% to $7.87 billion, adjusted EPS up 51%, and record backlog of $48.5 billion. Management raised full-year guidance and the stock jumped. - The price is the obvious risk. At about $703
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1,688 institutional managers reported holding PWR in 13F filings for the quarter ended 2026-03-31. Together they hold about 74% of the company; the top 10 hold 31%. 223 opened new positions that quarter. Held by BlackRock, State Street, Geode Capital, among others. On the short side, 3.8M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PWR's share count grew 6.8% over the past five years even with $281.66M spent on repurchases. It pays a dividend, and has for 7 years running, raised 6 years straight; the current rate is $0.41 a share annually. Cash returned over the past three years: $155.03M in dividends and $134.91M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at PWR over the trailing three years. Absence is a fact about the company, not a signal. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PWR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -1.0% | -13.8% |
| 2023-11-03 | +6.0% | +17.7% |
| 2024-02-23 | +11.0% | +11.6% |
| 2024-05-03 | +0.1% | -1.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PWR's latest 8-K filings: 2026-08-06 (items 1.01, 2.03, 9.01); 2026-08-04 (items 1.01, 7.01, 9.01); 2026-07-30 (items 2.02, 7.01, 9.01); 2026-05-27 (items 5.07, 8.01, 9.01); 2026-04-30 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.