Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Quanta Services Inc before investing.

In this article, we go over a few key elements for understanding Quanta Services Inc’s stock price such as:

• Quanta Services Inc’s current stock price and volume
• Why Quanta Services Inc’s stock price changed recently
• Upgrades and downgrades for PWR from analysts
• PWR’s stock price momentum as measured by its relative strength

About Quanta Services Inc (PWR)

Before we jump into Quanta Services Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Quanta Services, Inc. is a contracting services company, delivering infrastructure solutions for the utility, renewable energy, communications, pipeline and energy industries. Its segments include Electric Power Infrastructure Solutions (Electric Power), Renewable Energy Infrastructure Solutions (Renewable Energy) and Underground Utility and Infrastructure Solutions (Underground and Infrastructure). Electric Power segment provides services primarily for electric power and for the communications market. Its services include design, procurement, new construction, upgrade and repair and maintenance services. Renewable Energy segment includes engineering, procurement, new construction, repowering and repair and maintenance services. Underground and Infrastructure segment provides infrastructure solutions to customers involved in the transportation, distribution, storage, development and processing of natural gas, oil and other products. It also provides electrical infrastructure solutions.

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What Caused Quanta Services Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 30, 2024, there were 4 analysts who downgraded Quanta Services Inc’s stock and 11 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Quanta Services Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Quanta Services Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Quanta Services Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Quanta Services Inc (PWR) by visiting AAII Stock Evaluator.

Relative Price Strength of Quanta Services Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 30, 2024, Quanta Services Inc has a weighted four-quarter relative price strength of 0.30%, which translates to a Momentum Score of 66 and is considered to be Strong.

Want to learn more about how Quanta Services Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Quanta Services Inc Stock Price: Bottom Line

As of September 3, 2024, Quanta Services Inc’s stock price is $257.60, which is down 6.37% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Quanta Services Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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