Typo: It's "only" a 4 Billion dollar project pipeline.
Here's some of what Cramer said.
In addition to its electrical business, Quanta also helps build and maintain oil and natural gas pipelines and is a key provider to companies like Enbridge (ENB_) and Kinder Morgan Energy Partners (KMP_), all of which need more pipelines as they expand into our nation's oil shale.
Quanta also has a big business in Canada, noted Cramer, a country that plans to spend over $100 billion over the next 20 years to rebuild its aging infrastructures.
Cramer noted that shares of Quanta are trading just off their 52-week highs but are still a full $10 a share short of where they were before the great recession.
He said the company trades at 15.8 times earnings with a 17.7% growth rate, despite having delivers three beat-and-raise quarters, including its most recent 11-cent-a-share earnings beat on a 34% rise in revenue. Quanta currently has a $4 billion backlog of business.