Based on the current market data and recent analyst coverage, here's a concise analysis for PWR:
Technical Analysis
PWR is currently trading at $314, showing a modest gain of +0.56% in regular market trading. The stock is trading below its 20-day SMA of $320.19, indicating short-term weakness. The RSI at 46.91 suggests neutral momentum, while the negative MACD (-6.16) signals bearish momentum.
Fundamental Outlook
The company is scheduled to report earnings on February 20, 2025, with analysts expecting EPS of $2.64, representing a 29.41% year-over-year growth. Revenue is projected at $6.63 billion, indicating a 14.68% increase from the previous year.
Analyst Sentiment
Recent analyst ratings show mixed sentiment:
- BMO Capital initiated coverage with a Hold rating and $338 target
- BofA Securities initiated with a Buy rating and $407 target
- Citigroup maintains Strong Buy with $371 target
- JP Morgan maintains Hold with $323 target
Current Market Position
PWR is trading at a Forward P/E of 30.22, which is above the industry average of 20.11. This premium valuation reflects the company's strong position in electric utilities and renewable power infrastructure, but also suggests limited upside potential in the near term.
Based on technical indicators and current valuation, PWR appears to be a HOLD at current levels. While the company's long-term growth prospects remain strong, particularly in infrastructure and renewable energy sectors, the premium valuation and technical weakness suggest waiting for a better entry point.