Oct. 21 at 5:43 PM
Quanta Services, a key player in infrastructure modernization, is positioned to benefit from the growing demand for electricity, driven by artificial intelligence. The company has a
$36 billion backlog, indicating strong long-term growth, and is set to see a 17% increase in earnings per share over the next two years. Despite a high valuation, Quanta’s unique capabilities and essential role in updating power plants and transmission lines justify the premium.
The company serves utilities, oil-and-gas firms, and communication providers, helping to modernize aging infrastructure. With the AI boom pushing up electricity demand, Quanta’s work in maintaining and upgrading power grids is in high demand. The company’s strong labor force is a key asset, making it an irreplaceable player in the market.
$PWR