Quanta Services Inc

PWR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$433.00	Wndp	Yyvxghqn

Quanta on Track to Deliver on 2022 Guidance; Raising Fair Value Estimate to $116

Brett Castelli

Nov 3, 2022

We have raised our fair value estimate for Quanta Services to $116 per share from $112 following third-quarter results. The primary driver of the increase was higher revenue expectations in the company's electric power segment based on outperformance year to date. Quanta continues to be exposed to favorable trends related to grid investment and renewable energy adoption, but we view these as already priced into the shares.

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