--- title: "Weekly Recap | Quanta Services +4.23%, closing in on record highs" type: "News" locale: "en" url: "https://longbridge.com/en/news/300851005.md" description: "Quanta Services (PWR) gained 4.23% for the week to close at $676.56, clearly outperforming the S&P 500, which slipped 0.27%. The stock went through a mixed start before firming up: Monday (28 Sep) dipped to an intraday low of $635.39 and closed at $644.36, Tuesday edged higher, and Wednesday pulled back to around $637.56. Buying resumed on Thursday, and Friday (2 Oct) opened higher and rallied to an intraday high of $683.67 before closing at $676.56, the strongest close of the week." datetime: "2026-10-03T07:31:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300851005.md) - [en](https://longbridge.com/en/news/300851005.md) - [zh-HK](https://longbridge.com/zh-HK/news/300851005.md) generator: "portal-rs" --- # Weekly Recap | Quanta Services +4.23%, closing in on record highs ## The Week Quanta Services (PWR) gained 4.23% for the week to close at $676.56, clearly outperforming the S&P 500, which slipped 0.27%. The stock went through a mixed start before firming up: Monday (28 Sep) dipped to an intraday low of $635.39 and closed at $644.36, Tuesday edged higher, and Wednesday pulled back to around $637.56. Buying resumed on Thursday, and Friday (2 Oct) opened higher and rallied to an intraday high of $683.67 before closing at $676.56, the strongest close of the week. Weekly amplitude was 7.48%, and daily volume was mild, roughly 2.2% below the 60-day median. ## Key Events The narrative this week centred on the AI infrastructure boom and data-centre power demand. On 29 Sep, reports highlighted the AI build-out fuelling niche power and cybersecurity plays; on 30 Sep, commentary drew lessons from the history of electric wires to frame the data-centre rally and flagged renewable energy names to watch. On 1 Oct, Piper Sandler initiated coverage with a buy rating, and Neil Mehta reaffirmed his buy call, citing long-term data-centre tailwinds, transmission build-outs, and margin upside from prefabrication. On 2 Oct, large option activity appeared in industrial names, and after Friday’s close, PWR was reported to outperform peers on a strong trading day. Jim Cramer also called Quanta a data-centre play worth buying. The through-line was rising expectations around data-centre and grid infrastructure demand. ## Analyst Ratings Coverage on Quanta Services totals 33 firms: 24 buy, 1 overweight, 5 hold, 1 underweight, and no sell ratings, with 2 at no opinion. The consensus rating is strong buy, with a consensus target of $769.04, about 13.7% above the latest price. The target range is wide, from $410 to $976, pointing to meaningful disagreement among analysts. Within the engineering and construction contractor industry, PWR ranks first among 44 companies. ## The Week Ahead The macro calendar next week focuses on services activity and energy inventories. On Monday, 5 Oct, the S&P Global services PMI final (prior 58.7) and the ISM non-manufacturing PMI (prior 55.4, forecast 55) will be released. On Tuesday, 6 Oct, the US international trade balance (prior -88.6) and goods trade balance are due. On Wednesday, 7 Oct, weekly EIA crude oil and Cushing inventory data follow. Sustained services strength or notable inventory shifts could shape sentiment toward infrastructure and energy-linked sectors. ## In Short The week’s upward move in Quanta was accompanied by data-centre and grid demand expectations, and the sell-side view leans positive, with a consensus target above spot. Yet the wide target range and the latest session’s mixed money flow, with small and medium orders as net buyers and large-lot direction unclear, suggest markets are still split on how high to take the name. The key to watch next is whether services macro data stay strong and whether data-centre and transmission project follow-through can support current valuations. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [PWR.US](https://longbridge.com/en/quote/PWR.US.md) ## Related News & Research - [Quanta Services upgraded at Bernstein as sharp pullback creates entry point](https://longbridge.com/en/news/300067380.md) - [Quanta Services stock rises on upgrade. Here’s why labor is the key.](https://longbridge.com/en/news/300062879.md) - [Saudi Arabia unexpectedly cuts oil prices to Asia](https://longbridge.com/en/news/300887141.md) - [Michael Burry Raises Red Flag on Oracle’s $664B Backlog and AI Spending: ‘The Customer Is Now the Lender’](https://longbridge.com/en/news/300913488.md) - [Western Digital vs. Sandisk: The Better Way to Play the Hard-Drive Side of the AI Storage Boom](https://longbridge.com/en/news/300870855.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**