Why Quanta Services (PWR) Stock Is Down Today

Quanta Services (PWR) is down 3.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a recent analyst downgrade tied to valuation concerns after Quanta’s strong run over the past year. This could also be because investors are trimming positions ahead of the company’s second-quarter 2026 earnings release on July 30, 2026.

Details:

JPMorgan recently cut Quanta Services to Neutral, with the change framed around valuation rather than a major deterioration in the underlying business.

Quanta has been one of the stronger performers in its group, and that rally appears to have left the shares trading at a premium multiple that some analysts now see as hard to justify.

The company previously reported a strong first quarter for 2026, including double-digit growth and a higher full-year outlook, which suggests the selloff looks more sentiment- and valuation-driven than tied to a fresh operational setback.

Quanta is scheduled to report second-quarter 2026 results before the market opens on July 30, 2026, which can sometimes lead to profit-taking and more cautious trading in the days just before earnings.

Sources:

Quanta Services Investor Relations, Investing.com, Benzinga, Morningstar

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 27 times in the past 6 months. Of those trades, 0 have been purchases and 27 have been sales.

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

EARL C. JR. AUSTIN (President and CEO) has made 0 purchases and 26 sales selling 155,992 shares for an estimated $120,216,530.
PAUL NOBEL (Chief Accounting Officer & SVP) sold 4,000 shares for an estimated $3,027,920

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 insider transaction endpoint.

$PWR Hedge Fund Activity

We have seen 786 institutional investors add shares of $PWR stock to their portfolio, and 736 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 3,731,933 shares (-64.3%) from their portfolio in Q1 2026, for an estimated $2,048,905,855
CAPITAL INTERNATIONAL INVESTORS added 2,252,570 shares (+inf%) to their portfolio in Q1 2026, for an estimated $1,236,705,981
CORIENT PRIVATE WEALTH LLC removed 1,126,378 shares (-97.8%) from their portfolio in Q1 2026, for an estimated $618,404,049
BLACKROCK, INC. added 1,063,255 shares (+8.2%) to their portfolio in Q1 2026, for an estimated $583,748,260
FMR LLC removed 752,556 shares (-15.4%) from their portfolio in Q1 2026, for an estimated $413,168,295
NUVEEN, LLC added 483,682 shares (+34.8%) to their portfolio in Q1 2026, for an estimated $265,551,091
UBS GROUP AG removed 462,365 shares (-19.8%) from their portfolio in Q1 2026, for an estimated $253,847,632

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 13F endpoint.

$PWR Congressional Stock Trading

Members of Congress have traded $PWR stock 6 times in the past 6 months. Of those trades, 2 have been purchases and 4 have been sales.

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

REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 2 times. They made 0 purchases and 2 sales worth up to $65,000 on 05/14, 05/13.
REPRESENTATIVE DWIGHT EVANS sold up to $15,000 on 05/07.
REPRESENTATIVE LIZZIE FLETCHER sold up to $15,000 on 04/08.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 01/30.

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 Congress trades endpoint.

$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 $800.0.

Here are some recent targets:

Jamie Cook from Truist Securities set a target price of $940.0 on 07/02/2026
Brent Thielman from Oppenheimer set a target price of $800.0 on 05/28/2026
An analyst from CICC set a target price of $872.0 on 05/21/2026
Manish A. Somaiya from Cantor Fitzgerald set a target price of $901.0 on 05/11/2026
Atidrip Modak from Goldman Sachs set a target price of $826.0 on 05/04/2026
Marc Bianchi from TD Cowen set a target price of $775.0 on 05/04/2026
Steven Fisher from UBS set a target price of $900.0 on 05/04/2026

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.