Quanta Services PWR

Quanta Services, Inc. has demonstrated strong financial momentum, reporting Q2 2022 revenues of $1.2 billion—a 41.1% increase year-over-year—driven by growth in its Electric Power and Renewable Energy segments. Despite this revenue hike, net income decreased by 24.8% due to rising costs. Looking ahead, the company has announced a $1 billion stock buyback and revised its full-year EPS outlook, supported by a strong backlog of over $44 billion and growing demand in the infrastructure sector, particularly from AI and energy projects.