Quanta Services Inc

PWR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$769.00	Pryt	Ghxjcwtd

Quanta Services Earnings: Results Highlighted by Large Project Win

Brett Castelli

May 4, 2023

We maintain our $125 fair value estimate for no-moat Quanta Services following its first-quarter results. We continue to like Quanta's end market exposure and solid execution but view these as already reflected in its valuation and see shares as overvalued.

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