Oppenheimer lifts Quanta Services to 'outperform' on strong utility, tech demand

Quanta Services

28/05/2026 14:48

** Oppenheimer upgrades energy contractor Quanta Services  PWR.N to "outperform" from "perform"; sets an $800 price target
** Says it is now taking over analysis of Quanta Services from Kansas City Capital
** Brokerage says utility and tech spending supports long-term growth, with additional upside from power, pipelines and transmission projects
** Adds Quanta's large workforce positions it to take on some of the biggest upcoming U.S. infrastructure projects
** Shares down 1.3% at $724 in early trading
** 23 of 31 brokerages rate the stock "buy" or higher, 8 "hold"; their median PT is $800 - data compiled by LSEG
** Including session's moves, shares up 72.4% YTD

 (Reporting by Apratim Sarkar in Bengaluru)
 ((Apratim.Sarkar@thomsonreuters.com))