Quanta Services rallies on Q1 earnings beat and raised 2026 outlook

Quanta Services (PWR) is up 12.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears driven by a strong first-quarter earnings report paired with higher full-year 2026 guidance, signaling stronger-than-expected demand and execution. Investors also seemed to respond to commentary around visibility and record backlog levels, which can support expectations for sustained growth.

Details:

Quanta reported record first-quarter 2026 results, including higher revenue and profitability versus the prior year.

Management raised its full-year 2026 financial expectations after what it described as a strong start to the year and improved visibility.

Quanta disclosed elevated remaining performance obligations and a record total backlog, reinforcing the view that multi-year customer spending programs remain active.

The updated outlook and backlog figures likely eased concerns about near-term project timing and margins, helping drive multiple expansion in the session.

Sources:

Quanta Services Investor Relations, WTOP News, TipRanks

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PWR Insider Trading Activity

$PWR insiders have traded $PWR stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $PWR stock by insiders over the last 6 months:

DONALD WAYNE (EVP and General Counsel) has made 0 purchases and 5 sales selling 14,000 shares for an estimated $6,213,342.
GERALD A JR DUCEY (Pres. - Strategic Operations) sold 7,653 shares for an estimated $3,413,850
WORTHING JACKMAN sold 6,349 shares for an estimated $2,859,907
BERNARD FRIED sold 4,000 shares for an estimated $1,808,760

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$PWR Hedge Fund Activity

We have seen 806 institutional investors add shares of $PWR stock to their portfolio, and 669 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 2,857,087 shares (-70.3%) from their portfolio in Q4 2025, for an estimated $1,205,862,139
CAPITAL WORLD INVESTORS removed 1,018,924 shares (-14.9%) from their portfolio in Q4 2025, for an estimated $430,047,063
BLACKROCK, INC. added 856,400 shares (+7.1%) to their portfolio in Q4 2025, for an estimated $361,452,184
FMR LLC removed 855,569 shares (-14.9%) from their portfolio in Q4 2025, for an estimated $361,101,452
VICTORY CAPITAL MANAGEMENT INC added 758,862 shares (+35.2%) to their portfolio in Q4 2025, for an estimated $320,285,295
CORIENT PRIVATE WEALTH LLC added 667,050 shares (+137.6%) to their portfolio in Q4 2025, for an estimated $281,535,123
WINSLOW CAPITAL MANAGEMENT, LLC added 665,613 shares (+8341.0%) to their portfolio in Q4 2025, for an estimated $280,928,622

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$PWR Congressional Stock Trading

Members of Congress have traded $PWR stock 9 times in the past 6 months. Of those trades, 3 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $PWR stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 4 times. They made 2 purchases worth up to $30,000 on 01/30, 11/18 and 2 sales worth up to $30,000 on 12/24, 12/19.
REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 12/02, 11/17.
REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$PWR Analyst Ratings

Wall Street analysts have issued reports on $PWR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Jefferies issued a "Buy" rating on 11/03/2025

To track analyst ratings and price targets for $PWR, check out Quiver Quantitative's $PWR forecast page.

$PWR Price Targets

Multiple analysts have issued price targets for $PWR recently. We have seen 16 analysts offer price targets for $PWR in the last 6 months, with a median target of $618.0.

Here are some recent targets:

Andrew Kaplowitz from Citigroup set a target price of $733.0 on 04/27/2026
Jamie Cook from Truist Securities set a target price of $713.0 on 04/20/2026
Durgesh Chopra from Evercore ISI Group set a target price of $635.0 on 04/01/2026
Maheep Mandloi from Mizuho set a target price of $580.0 on 03/30/2026
Ameet Thakkar from BMO Capital set a target price of $650.0 on 03/27/2026
Atidrip Modak from Goldman Sachs set a target price of $685.0 on 02/24/2026
Julien Dumoulin-Smith from Jefferies set a target price of $634.0 on 02/24/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.