Quanta Services Trading Volume Plummets 41.55% to 334th Position

On June 11, 2025, Quanta Services (PWR) saw a significant decline in trading volume, with a total turnover of $303 million, marking a 41.55% decrease from the previous day. This placed the company at the 334th position in terms of trading volume for the day.

Goldman Sachs recently increased its price target for Quanta Services from $364.00 to $414.00, maintaining a "buy" rating for the company. This move reflects the firm's confidence in the company's future performance.

Quanta Services reported stronger-than-expected Q1 2025 results, with adjusted EPS of $1.78 and revenue of $6.2 billion. The company also raised its full-year 2025 profit forecast to a range of $10.05 to $10.65 per share, surpassing analyst estimates. This positive performance was driven by strong demand for U.S. power grid modernization, data center construction linked to the AI boom, and the reshoring of manufacturing amid global supply chain shifts.

Quanta Services, Inc. is a leading provider of specialized contracting services across the electric, gas, renewable energy, and communications sectors. The company operates in the United States, Canada, Australia, and select international markets, delivering comprehensive infrastructure solutions through its Electric Power, Renewable Energy, and Underground Utility segments. Its expertise spans transmission and distribution networks, smart grid technologies, wind and solar power facilities, and natural gas systems, positioning it as a key player in modern energy infrastructure development.

Citigroup adjusted its price objective for Quanta Services, lowering it from $366.00 to $342.00 while maintaining a "buy" rating. This adjustment comes as part of ongoing market analysis and reflects the firm's assessment of the company's current and future prospects.