Quanta Services raised to Buy, tapped as top large-cap 2026 power stock pick at Seaport
Quanta Services (PWR) has been upgraded to a Buy rating by Seaport Global, with a price target of $503, making it their top large-cap pick for 2026. The upgrade comes as the company is expected to benefit from the U.S. power supercycle and a tight skilled labor market. Seaport's analyst highlighted Quanta's unmatched solutions platform and anticipated growth in its Electric division, which is set to execute a significant thermal hybrid plant project and expand its transmission and distribution project backlog. The company is also poised to leverage synergies from recent acquisitions in the data center and energy storage markets.
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