NYSE:PWRConstruction
Quanta Services (PWR) Is Up 9.3% After Backlog Jumps On AI-Driven Power Projects Has The Bull Case Changed?
Earlier this month, Quanta Services reported a strong Q2 with its backlog rising about 50% year over year to US$53.40 billion, reflecting robust demand for AI-related energy infrastructure, electrification, and grid expansion projects.
The company’s expanding backlog and upward earnings revisions, including expectations to more than double adjusted EPS by 2030, highlight how investors are focusing on Quanta’s role as a core contractor for the AI-driven power buildout and broader energy...