Aug. 1 at 12:24 AM
BMO analyst Ameet Thakkar reaffirmed Quanta Services as his top pick in the energy transition and infrastructure sector, citing its strong positioning to benefit from accelerating investment in electric transmission, grid modernization, power generation, data centers, industrial electrification, and broader energy infrastructure.
Quanta delivered another standout quarter, significantly beating expectations and raising its FY2026 guidance. Organic revenue grew about 27% year over year in Q2, while its electric infrastructure segment expanded roughly 33%, well above the company's long-term growth targets. Thakkar now forecasts FY2026 revenue of
$40.2 billion, adjusted EBITDA of
$4.24 billion, and EPS of
$16.85, while raising his 2027-2030 EBITDA and EPS estimates by an average of 13.5% and 15.5%, respectively.
The company's backlog reached a record
$53.4 billion, with a book-to-bill ratio of approximately 1.5x, providing strong visibility for multi-year growth.
$PWR