Quanta Services Inc
PWR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$327.00 | Wrvc | Mrhyzmrn |
Quanta Services Earnings: Full-Year Guidance on Track; Valuation Remains Elevated
We are maintaining our $165 per share fair value estimate for no-moat Quanta Services following its first-quarter results. We view Quanta as well-positioned to benefit from the energy transition, but find this more than reflected in its valuation. Hence, we view shares as overvalued.