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Quanta Services, Inc. (PWR)

NYSE - NYSE Delayed Price. Currency in USD
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106.64-0.64 (-0.60%)
At close: 04:00PM EST
106.64 0.00 (0.00%)
After hours: 05:39PM EST
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  • D
    Douglas
    DOE Launches New Initiative From President Biden’s Bipartisan Infrastructure Law To Modernize National Grid
    JANUARY 12, 2022
    Energy.gov DOE Launches New Initiative From President Biden’s Bipartisan Infrastructure Law To Modernize National Grid
    “Building a Better Grid” Initiative Will Engage Stakeholders to Upgrade the Nation’s Aging Electric Grid While Supporting More Sustainable Energy, Cleaner Air, and Good Paying Jobs

    WASHINGTON, D.C.— The U.S. Department of Energy (DOE) today launched the “Building a Better Grid” Initiative to catalyze the nationwide development of new and upgraded high-capacity electric transmission lines, as enabled by President Biden’s Bipartisan Infrastructure Law. Building a Better Grid will work with community and industry stakeholders to identify national transmission needs and support the buildout of long-distance, high voltage transmission facilities that are critical to reaching President Biden’s goal of 100% clean electricity by 2035 and a zero emissions economy by 2050. This program will make the U.S. power grid more resilient to the impacts of climate change, increase access to affordable and reliable clean energy, and create good-paying American jobs across industry sectors – boosting transmission jobs which employs over one million workers across the country.

    “The foundation of our climate and clean energy goals is a safe, reliable, and resilient electric grid that is planned hand-in-hand with community partners and industry stakeholders,” said Secretary of Energy Jennifer M. Granholm. “DOE’s new Building a Better Grid initiative is a job booster spurred by the Bipartisan Infrastructure Law and collaboration with communities to upgrade the nation’s grid, connect more Americans to clean electricity and broadband, and reliably move clean energy to where it’s needed most.”

    Independent estimates indicate that we need to expand electricity transmission systems by 60% by 2030, and may need to triple it by 2050. Rebuilding and improving our nation's aging roads and bridges and electric grid is a cornerstone of the Bipartisan Infrastructure Law. More than 70% of the nation’s grid transmission lines and power transformers are over 25 years old, creating vulnerability. Extreme weather events like the Dixie Wildfire, Hurricane Ida, and the 2021 Texas Freeze have made it clear that America’s existing energy infrastructure will not endure the continuing impacts of extreme weather events spurred by climate change. Furthermore, the interconnection queue waiting times for the number of clean energy generation and storage projects slated to be added on to the grid is growing, as use of renewable electricity accelerates faster than ever. And with the clean energy investments in the Bipartisan Infrastructure Law, even more clean energy sources will join the queue for grid integration.

    As outlined in a new Notice of Intent issued by the Department today, Building a Better Grid will support the development of nationally significant transmission projects and grid upgrades by:

    Engaging and collaborating early with states, tribal nations, and stakeholders to accelerate transmission deployment.
    Enhancing transmission planning to identify areas of greatest need such as high-priority national transmission needs and conducting longer-term national-scale transmission planning analysis.
    Deploying more than $20 billion in federal financing tools, including through the Bipartisan Infrastructure Law’s new $2.5 billion Transmission Facilitation Program, $3 billion expansion of the Smart Grid Investment Grant Program, and more than $10 billion in grants for states, Tribes, and utilities to enhance grid resilience and prevent power outages, and through existing tools, including the more than $3 billion Western Area Power Administration Transmission Infrastructure Program, and a number of loan guarantee programs through the Loan Programs Office.
    Facilitating an efficient transmission permitting process by coordinating with federal agencies to streamline permitting, using public private partnerships, and designating corridors.
    Performing transmission-related research and development to continue developing and reducing the costs of technologies that enable the transmission system to be used more efficiently.
  • D
    Douglas
    Credit Suisse raises Quanta price target from $143 to $144. Seems a long way off from here.
  • M
    MARY ANN
    There was a piece on NPR this morning about the constant lack of electric power in Puerto Rico. They mentioned Luma and Quanta Services who I believe let the contract, but it was not clear. Focus was primarily on Luma which recently had a Rep testify before Congress who painted a rosy picture of how things were going. Not so said the folks on the ground. Is this something to worry about?
  • A
    Adam
    Moving up with S&P and Dow cooling off. ER was excellent. I'm still accumulating around here
  • E
    Emrick
    head and shoulder forming? i dont like how it's shaping up.
  • s
    skye
    The Company's Fundamentals Look Fine but Leave Plenty of Room for Improvement
    MarketGrader currently rates Quanta Services, Inc. BUY, based on an overall grade of 62.3 (out of 100). This grade reflects our view on the stock based on a methodology that seeks to identify growth-at-a-reasonable-price opportunities in public equities, and is calculated by adding our 24 fundamental indicators across Growth, Value, Profitabilty and Cash Flow. The company's fundamentals currently reflect a fair balance between Growth and Value and also adequate attributes of quality, based on the Profitability and Cash Flow sections of the analysis. The overall grade also ranks the stock in the top 19.64% of all companies rated by MarketGrader globally. We have maintained this rating since August 13, 2021, when we upgraded the stock from HOLD, based on an overall grade of 58.91. Since then, the stock is up 24.43%.
  • M
    M
    I might add that GNRC is down today too so it could be just trying to rotate out of power infrastructure stocks, which is just dumb. There is nothing temporary about the power deficit. This will last at least 5-6 more years. Some hedge fund probably *thinks* they know something before earnings tomorrow.
    Bullish
  • G
    Greg
    Which is the best investment in this group going forward: AECOM (ACM), Fluor (FLR), Jacobs Engineering (JEC), KBR Inc (KBR), TechnipFMC (FTI), Quanta Services (PWR)?
  • R
    RobertN
    $SPWR conversation
    The GAP left from last Friday spike was already filled downward retesting support in mid-$22 range...Lots of new news that hasn't been digested yet! Buying an add on company and selling a significant arm of the existing will need time to play out...Being added to S&P MidCap today, Infrastructure Bill??? and a heavily shorted manipulated at this point. PATIENCE = $PWR
    Bullish
  • Y
    Yahoo Finance Insights
    Quanta Services reached an all time high at 120.91
  • D
    Don
    Can anyone explain the miniscule dividend that PWR delivers? Given the type of company it is shouldn't the dividend rate be at least a few percent?
  • s
    scott
    Thought this had run up too fast a couple of weeks ago. Sold some May 80 calls against my stock position then. Unless they have an earnings blowout, should trade in the 70s for the next 3-4 months. At least until Congress approves some massive infrastructure bill.
  • K
    Kevin_P
    I bought the dip yesterday and just joined in. Thinking PWR will benefit from both new green spending and infrastructure updates. Company looks solid and reasonably stable and yet still got in near price targets. Go PWR!!
  • Y
    Yahoo Finance Insights
    Quanta Services reached an all time high at 124.18
  • R
    RobertN
    “Cup and Handle” formation about to go bonkers with a Giant Handle just beginning as the pullback has found support And is now in reversal ready to complete the Cyclical summer rally Closing the Gap up $14.78
    YTD UPTREND $PWR
    Bullish
  • B
    Bob
    Just jumped in
  • D
    Douglas
    Well isn't this nice. Key Bank maintains Overweight, raises price target from $115 to 129. Piper Sandler raises price target from $120 to 140.
  • s
    skye
    Quanta Services shares are trading higher after the company announced it will acquire Blattner Holding Company for total consideration of approximately $2.7 billion.
  • D
    Douglas
    I've been selling a little at a time during this wonderful runup at high $40's low $50's. Now this week CFRA comes out with new analysis. 2021 guidance of $4.10 earnings X 15.6PE = price target increase from $54. to $64. Holy cow, guess I was a little early.
  • M
    Michael
    Texas is going to need PWR!
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