Truist Securities Raises PWR Price Target to $472, Maintains Buy Rating

Truist Securities has maintained a "Buy" rating on Quanta Services (PWR) and raised its price target to $472.00, a 25.87% increase from the previous $375.00. This follows recent updates from other financial institutions, including a 29.51% increase from DA Davidson and a 28.57% rise from Roth Capital. Quanta Services is a leading provider of specialty contracting services for the electric and gas utility, communications, pipeline, and energy industries. The average target price for the company is $406.83, with an upside of 2.95% from the current price of $395.17.

In a recent update, Truist Securities has maintained a "Buy" rating on Quanta Services (PWR) and significantly raised its price target to $472.00. This marks a substantial increase of 25.87% from the previous target of $375.00, reflecting a growing optimism among financial institutions about the company's prospects. The move comes on the heels of similar updates from other major firms, including a 29.51% increase from DA Davidson and a 28.57% rise from Roth Capital.

Quanta Services, a leading provider of specialty contracting services for the electric and gas utility, communications, pipeline, and energy industries, has been the subject of increased analyst attention. The company's stock has seen a surge in its price target, with the average target price now standing at $406.83, offering an upside of 2.95% from the current price of $395.17.

The recent upgrades from Truist Securities and other financial institutions underscore the potential for growth within the infrastructure sector. Quanta Services' robust performance in the second quarter of 2025, which saw earnings per share (EPS) of $1.78 compared to the consensus estimate of $1.72, has bolstered investor confidence. The company's strong revenue growth of 23.9% year-over-year, coupled with a healthy return on equity of 18.06%, indicates a resilient financial position.

Institutional investors have also shown increased interest in Quanta Services, with several major players raising their stakes in the company. For instance, Teacher Retirement System of Texas increased its holding by 40.7% during the fourth quarter, and O Shaughnessy Asset Management LLC raised its stake by 8.0% over the same period. These moves suggest a strong belief in the company's long-term potential.

The clean energy segment of Quanta Services, which has seen an 11.5% sequential increase in backlog, is a particularly promising area. The passage of the OBBB bill and potential safe harbor provisions could accelerate project activity in the near term, providing additional support for the company's growth prospects.

Despite the positive outlook, analysts remain cautious about the potential impact of broader market weakness and the company's pipeline investment business, which has weighed down current margins. However, management's commitment to growth, as evidenced by increased headcount in the pipeline division, suggests a proactive approach to addressing these challenges.

Overall, the recent upgrades from Truist Securities and other financial institutions highlight the potential for Quanta Services to continue its strong performance and drive growth in the infrastructure sector. Investors should closely monitor the company's progress and consider the broader market context when evaluating its investment potential.

References:
[1] https://www.marketbeat.com/instant-alerts/q2-eps-estimates-for-quanta-services-cut-by-roth-capital-2025-07-30/
[2] https://seekingalpha.com/news/4477227-mastec-upgraded-at-baird-as-sell-off-creates-buying-opportunity-after-mixed-quarter