{"id":34446,"date":"2023-07-12T01:18:12","date_gmt":"2023-07-12T05:18:12","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/quanta-services-next-phase-of-growth-offers-underappreciated-upside-ubs\/"},"modified":"2023-07-12T01:18:14","modified_gmt":"2023-07-12T05:18:14","slug":"quanta-services-next-phase-of-growth-offers-underappreciated-upside-ubs","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34446","title":{"rendered":"Quanta Services’ next phase of growth offers ‘underappreciated upside’ – UBS"},"content":{"rendered":"
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Quanta Services (PWR) next phase of growth offers ‘underappreciated upside’ – UBS<\/span>
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The Quanta Services <\/span><\/span> (NYSE:) price target was raised to $228 from $195 at UBS on Monday, with analysts maintaining a Buy rating on the stock.<\/p>\n

In a note to clients, the analysts highlighted PWR’s next phase of growth as one of the reasons for the price target increase. PWR shares are up more than 3% at the time of writing, adding to its more than 35% year-to-date gain.<\/p>\n

“We think electric grid investment is entering a new phase of growth, with renewables activity accelerating and large transmission projects gaining momentum. For Quanta, we believe the implications of this new phase include potentially faster top-line growth, higher margins, and increasing scope on projects,” explained the analysts.<\/p>\n

“In our view, some large projects can carry more risk factors, but we observe Quanta taking steps to mitigate risk, including doing more engineering work, increasing control over procurement, and being more selective with customers\/ projects,” they added.<\/p>\n

UBS also believes PWR’s base business continues to have a strong outlook, and its next phase of growth offers an underappreciated upside.<\/p>\n

“While larger projects will take time to play out, we think this phase could enable PWR to either deliver its targets ahead of prior expectations and\/or drive upside to the targets,” they concluded.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Quanta Services (PWR) next phase of growth offers ‘underappreciated upside’ – UBS The Quanta Services (NYSE:) price target was raised to $228 from $195 at UBS on Monday, with analysts maintaining a Buy rating on the stock. In a note to clients, the analysts highlighted PWR’s next phase of growth as one of the reasons […]<\/p>\n","protected":false},"author":1,"featured_media":34447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-34446","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nQuanta Services' next phase of growth offers 'underappreciated upside' - UBS | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Quanta Services (PWR) next phase of growth offers 'underappreciated upside' - UBS The Quanta Services (NYSE:) price target was raised to $228 from $195 at\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=34446\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quanta Services' next phase of growth offers 'underappreciated upside' - 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