Quanta Services (PWR) Stock Doubled, Expectations for Continued Growth
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowQuanta Services (PWR) has seen its stock price more than double in the past 12 months, reaching record highs. The company's revenue is projected to grow at a CAGR of 22% from 2021 to 2025, with adjusted EBITDA expected to grow at a CAGR of 23%. Quanta's backlog increased from $19.3 billion in 2021 to $44 billion in 2025, with U.S. utilities projected to spend up to $1.4 trillion over the next five years on infrastructure. The company's enterprise value is at $93 billion, valued at 27 times this year's adjusted EBITDA, indicating potential for continued growth.
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About Quanta Services Inc. (PWR)
Quanta Services provides infrastructure construction for the power and energy industries.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
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