PWR | 08 May 2024 | AI Stock Analysis & News

Let’s talk about the popular Quanta Services, Inc. ( NYSE:PWR ). The company’s shares led the NYSE gainers with a 12.0% decrease in stake by Clarius Group LLC.

Stock AI’s forecasts:
🔴 -12.0% short-term ⬇️
🟢 +1.2% long-term ⬆️

Stock AI’s (PWR) Forecast get (+9.0% Profit)

StockAI’s analysis delivers real-world results. On 18 March 2024, $PWR ($243.5), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $265.3 (🟢9.0%). Buying PWR on this signal yielded a +9.0% profit 💰💰.

PWR-Quanta Services, Inc. News

🔴 Clarius Group LLC reduced stake in Quanta Services by 12.0% in Q4, impacting stock value negatively.
🟢 Xponance Inc. increased position in Quanta Services by 1.7% in Q4, showing confidence in the company’s growth potential.
🔴 Atria Wealth Solutions Inc. decreased position in Quanta Services by 1.2% in Q4, signaling some uncertainty in the stock.
🟢 abrdn plc grew its holdings in Quanta Services by 31.8% in Q4, indicating bullish sentiment towards the company.
🔴 Calamos Advisors LLC reduced stake in Quanta Services by 96.4% in Q4, leading to a potential decrease in stock value.
🟢 B. Riley raised price target on Quanta Services from $246.00 to $286.00, showing optimism in the company’s performance.

Quanta Services, Inc. has seen a mix of positive and negative news in recent times, impacting its stock price. The decrease in stake by Clarius Group and Calamos Advisors has raised concerns among investors, potentially leading to a decrease in stock value. However, the increase in position by Xponance Inc. and abrdn plc reflects confidence in the company’s growth prospects, which could drive the stock price higher. The price target raise by B. Riley also indicates a positive outlook for Quanta Services. Overall, the stock may experience some volatility in the short term due to these conflicting factors, but long-term investors may see potential for growth based on the positive sentiment from certain institutional investors.

PWR-Quanta Services, Inc. Analyst Ratings

Analyst Ratings on Quanta Services, Inc. Stock:

📉 B. Riley increased their price target on Quanta Services (NYSE:PWR) stock from $246.00 to $286.00 and maintained a buy rating.

📉 Citigroup raised their target price on Quanta Services (NYSE:PWR) from $275.00 to $285.00 and reiterated a buy rating.

📈 Marketbeat Ratings reported a consensus recommendation of “Moderate Buy” from the eleven brokerages covering Quanta Services, Inc. (NYSE:PWR) stock.

1. Yahoo Finance
2. ETF Daily News
3. ETF Daily News
4. ETF Daily News
5. ETF Daily News


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

Hero Image

Get the same AI-powered insights for any stock you choose. It's easy!