JP Morgan has upgraded Quanta Services Inc (PWR) to Overweight from Neutral, reflecting a more optimistic outlook on the company's prospects. This upgrade may signal improved fundamentals or better-than-expected business performance, as well as increased confidence in Quanta's strategic direction.
Quanta Services, headquartered in Houston, Texas, specializes in providing comprehensive infrastructure solutions across the electric power, oil and gas, communication, pipeline, and energy industries. The company employs approximately 58,400 full-time employees and operates through two main segments: Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions.
As of December 4, 2025, Quanta Services boasts a market capitalization of $68.0 billion, a P/E ratio of 66.79, and an impressive dividend yield of 9.6%. The company recently reported strong earnings, with Q3 2025 EPS of $3.33, surpassing estimates by 1.2%. Looking ahead, analysts anticipate earnings of $3.06 per share on revenues of $7.8 billion for the upcoming earnings report on July 29, 2026.
Analyst ratings, including this latest upgrade, provide insights based on research and financial models. However, they represent professional opinions that may not always align with actual performance. Investors should consider a range of factors, including company fundamentals and market trends, when making decisions. Analyst views are just one of many inputs to consider.
The move underscores a positive shift in sentiment regarding Quanta Services, with the consensus rating now categorized as a Buy among analysts, which includes 9 Strong Buy, 13 Buy, and 14 Hold ratings as of December 1, 2025.