Quanta Services Inc. (PWR)
Industrials2 articles
Market Mood
Quanta Services (PWR) Reports Record Backlog of $48.5 Billion
Quanta Services (PWR) announced a record backlog of $48.5 billion at the end of Q1, a 37.5% increase year-over-year. The company’s 12-month backlog also rose by 45%, equating to its full-year 2025 revenue. The shift towards larger fixed-price contracts, comprising 63% of total revenue, is expected to enhance margin potential. Additionally, adjusted EBITDA increased by 36% in the quarter, with operating margins improving to 8.7%. These trends indicate strong demand and operational efficiency but suggest a need to monitor valuation due to growth pressures.
Read More
Quanta Services (PWR) Stock Doubled, Expectations for Continued Growth
Quanta Services (PWR) has seen its stock price more than double in the past 12 months, reaching record highs. The company's revenue is projected to grow at a CAGR of 22% from 2021 to 2025, with adjusted EBITDA expected to grow at a CAGR of 23%. Quanta's backlog increased from $19.3 billion in 2021 to $44 billion in 2025, with U.S. utilities projected to spend up to $1.4 trillion over the next five years on infrastructure. The company's enterprise value is at $93 billion, valued at 27 times this year's adjusted EBITDA, indicating potential for continued growth.
Read More