Jul. 22 at 8:12 PM
Wolfe Research views Quanta Services as a core holding, citing consistent execution and strong backlog growth driven by power transmission, data centers, and renewable energy projects. The firm expects Quanta to reaffirm its outlook. The company recently reported stronger-than-expected Q1 2026 earnings and revenue, while also announcing a
$1 billion share repurchase program and a quarterly dividend.
Primoris Services is seen as a long-term turnaround story. While solar project challenges may weigh on near-term results, Wolfe believes improved bookings and project execution could drive future growth. Recent analyst actions have been mixed, with JPMorgan upgrading the stock while Needham and Cantor Fitzgerald lowered their price targets following revised company guidance.
$PWR $PRIM