PWR Price Prediction Next Week
Analysis and Insights
To predict the stock price of Quanta Services (PWR) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
Dividend Announcement: Quanta Services declared a quarterly dividend of $0.10 per share, consistent with previous dividends, payable on April 11. This indicates stability but does not directly impact price movement.
Positive Market Sentiment: The company is experiencing positive attention due to analyst upgrades and discussions around opportunities from the U.S. power grid overhaul, which could drive growth.
Strong Fundamental Rating: PWR received a high rating of 77% from Validea's P/B Growth Investor model, indicating strong potential for future growth based on its fundamentals.
Technical Analysis:
Current Price and Trends: PWR is currently trading at $268.98. The stock has been testing resistance around the $270 level, with recent highs at $270.14 and lows at $265.
RSI Analysis: The RSI values (61.86 for RSI_6, 51.64 for RSI_12, and 49.71 for RSI_14) suggest the stock is not overbought, indicating potential for further upside.
MACD and Stochastic Oscillator: The MACD is bearish at -5.75, but the histogram shows a slight positive divergence, suggesting weakening bearish momentum. The Stochastic Oscillator is overbought at 90.89/88.30, indicating a potential pullback.
Fibonacci Levels: Key resistance levels are at 270.94 and 281.04, with support at 238.24 and 228.14. The stock is currently testing the first resistance level.
Volume Analysis: Volume has been decreasing, indicating weakening momentum, but recent positive news could act as a catalyst for a breakout.
Price Prediction and Recommendation:
Given the positive fundamental backdrop and the stock testing key resistance levels, we predict PWR will attempt to break above $270.94 next week. If successful, the stock could move towards the next resistance level of $281.04. However, if it fails to break out, it may pull back to the support levels.
Prediction: $272.00
Recommendation: Buy, with a target of $272.00, as the stock is likely to break above the current resistance level.
PWR Similar Chart Price Prediction
The price of PWR is predicted to go up -7.62%, based on the high correlation periods with GOGL. The similarity of these two price pattern on the periods is 94.9%.
PWR
GOGL
Down: -7.62%Similarity: 94.9%
PWR Revenue Forecast
PWR EPS Forecast
PWR FAQs
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PWR VS S&P500
Quanta offers exposure to secular growth in electric transmission and distribution spending.
The company's 2021 acquisition of Blattner gives it leading capabilities in renewable EPC and positions it for adjacent growth markets, such as storage and electric vehicle charging stations.
Base business activities represent nearly 90% of Quanta's revenue, reducing its risk to large-scale project difficulties that have plagued engineering and construction firms in the past.
PWR Analyst's Forecast
Alex Rygiel
B. Riley Securities
Strong Buy → Hold
2025-03-19
Price Target
$343 → $300
Upside
+10.95%
B. Riley analyst Liam Burke downgraded Quanta Services to Neutral from Buy with a price target of $300, down from $343, after assuming coverage of the name. Quanta's blue chip customer base and 85% repeat business position the company to drive incremental market share gains by addressing clients' long-term capital requirements through a breadth of collaborative solutions and provider-based services, but notes that the firm's revised price target is at the high end of the historical five-year range, the analyst tells investors in a research note.
Philip Shen
Roth MKM
Strong Buy
2025-02-21
Price Target
$350
Upside
+29.94%
Sherif El-Sabbahy
B of A Securities
Strong Buy
2025-01-24
Price Target
$407
Upside
+13.68%
