Quanta Services (NYSE:PWR) Wins Part Of US$1.7 Billion Contract For HVDC Line Project
Quanta Services saw a 33% upward price movement over the past month, largely reflecting the boost from securing nearly $1.7 billion in awards for the Grain Belt Express project. The announcement highlighting enhanced U.S. grid security and job creation added weight to this surge. The company's strong Q1 earnings report, with a significant rise in sales, and increased year-end guidance further fueled optimism, even as broader markets remained mixed amid pending Fed interest rate decisions and trade negotiations. These elements collectively supported the company's price movement compared to the market's flat performance.
You should learn about the 1 risk we've spotted with Quanta Services.
NYSE:PWR Revenue & Expenses Breakdown as at May 2025
These 16 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.
The recent 33% surge in Quanta Services' share price, spurred by the effective communication of a US$1.7 billion win from the Grain Belt Express project, underscores the positive investor sentiment around its growth initiatives. This move is anticipated to reinforce Quanta's narrative of revenue and margin expansion driven by increased grid security efforts and job creation. However, it's pertinent to consider how this will translate into sustained financial performance. The anticipated boost in revenue and earnings forecasts aligns with Quanta's strategic expansion and acquisition efforts, particularly in Australia and through the Cupertino acquisition, which broaden service lines and enhance revenue consistency.
Over the past five years, Quanta has achieved a very large total return of 906.67%, highlighting its capacity for long-term growth. Over the past year, Quanta has outperformed the US market's 7.2% return and the US Construction industry's 17% return, reflecting positively on its resilience and growth potential. The company's recent news may potentially drive revenue to US$33.5 billion by 2028, with earnings expected to grow towards US$1.5 billion, bolstering analyst confidence, as reflected in a consensus price target of US$319.60. Currently, Quanta's share price stands at US$292.38, indicating an 8.5% potential upside relative to the target. This proximity to the target suggests a market view that the stock is appropriately valued, aligning with analyst projections.
Gain insights into Quanta Services' historical outcomes by reviewing our past performance report.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
BlackRock, Goldman Scale Up Tax Trades in $3 Trillion SMA Boom
(Bloomberg) -- This year's stock market turbulence has punished ordinary investors. But for the wealthy, it's opened up fresh opportunities to convert equity swings into tax breaks — fueling a growing Wall Street business that turns volatility into a financial advantage. Trump Said He Fired the National Portrait Gallery Director. She's Still There. NYC Mayoral Candidates All Agree on Building More Housing. But Where? Senator Calls for Closing Troubled ICE Detention Facility in New Mexico California Pitches Emergency Loans for LA, Local Transit Systems BlackRock Inc., Goldman Sachs Group Inc. and Morgan Stanley are among firms scaling up a strategy known as tax-loss harvesting, typically offered through customized portfolios called separately managed accounts. When markets drop, managers sell stocks trading below their purchase price to realize losses. Those losses offset gains elsewhere in a portfolio, reducing clients' tax liabilities while maintaining overall portfolio exposure. The approach allows investors to shrink their current-year IRS bills while deferring capital gains into the future. In April's selloff, for example, a manager could dump Home Depot Inc. and rotate into Lowe's Cos Inc., maintaining sector exposure while staying inside tax rules. Once a boutique service reserved only for the ultra-rich, investment firms are repackaging market turbulence as a fiscal opportunity, with automated trading programs scanning portfolios daily as equity conditions shift. With fee pressure eroding revenue in traditional asset management, Wall Street is leaning more heavily on tax-optimization trades to differentiate offerings, retain clients and defend margins in a competitive marketplace. 'There is just inherently going to be more volatility in the system,' said Scott Smith, senior director at industry consultant Cerulli Associates. 'With trade policies, tariffs, taxes, everything is on the table. There is no assumption of what the future looks.' In one particularly active stretch during April's selloff, BlackRock's Aperio, a platform for personalized portfolios, executed more than $18 billion in trades. That generated $700 million in realized losses that can be used to offset taxable gains elsewhere in client portfolios, or so-called tax-loss harvesting. That equated to roughly $5 to $7 in losses realized for every $100 traded that month. 'We monitor daily. We look at losses and high-cash positions. We balance harvesting with managing tracking error,' said Ran Leshem, who oversees BlackRock's separately managed account business, now managing $220 billion. 'Our goal is to be the market leader in SMAs.' Still, even as this year's selling frenzy created opportunities, the equity rebound that followed highlights a trade-off: while the approach can lower future tax bills, it also locks in losses that may prove costly if markets quickly recover, making the ultimate payoff difficult to measure in real time. Regardless, the opportunities are only growing. Direct indexing, where investors hold individual stocks directly rather than through pooled funds, has become the backbone of this tax-optimization machine. With the SMA market expected to grow from $3 trillion to $5 trillion by 2027, firms are layering on increasingly complex techniques to compete, pitched as added-value services. Tax-loss harvesting is only one lever. Advisors also optimize dividend timing, gain deferrals, charitable gifting and jurisdictional overlays in an attempt to juice after-tax portfolio performance. 'Risk management and tax management go hand in hand,' said Monali Vora, global head of wealth investment solutions at Goldman Sachs Asset Management. 'You can't do one without the other.' Aperio's long-short tax-aware strategies, launched in 2023, amplify gross exposure — boosting the number of positions that can generate harvestable losses, while keeping market exposure roughly the same. About 7% of April's realized losses came from these strategies. While still a small share of overall assets, it's part of the firm's expanding business. Managing tracking error, or how closely a portfolio tracks its benchmark, remains a challenge. The IRS wash-sale rule bars investors from buying back the same, or substantially identical, securities over a specified timeframe. Firms navigate these constraints by swapping into correlated securities. Selling Moderna Inc. and buying Pfizer Inc. is straightforward; replacing a giant like Apple Inc. requires more complex substitutes. 'Clients are seeking alpha, downside protection and more tax-loss harvesting potential for both ETF and stock positions,' Leshem said. 'But with that comes the tug of war between harvesting and maintaining tracking error.' At Dimensional Fund Advisors LP, the approach is different. Instead of mirroring an index, the Texas-based firm uses broad diversification across thousands of stocks to reduce wash-sale risk, reallocating proceeds toward securities with higher expected returns based on their quant model. 'We can keep the profile of the account but take advantage of tax opportunity,' said Savina Rizova, co-chief investment officer and global head of research. Dimensional, which lowered its account minimum to $500,000 in 2021, harvested $20 million in net losses across about 1,400 accounts in April — averaging $16,700 in losses per $1 million invested. Parametric, Morgan Stanley's direct indexing arm, strikes a more cautious tone. 'Tax-loss harvesting is one layer of customization, but there are many others,' said co-president and CIO Tom Lee. 'For most institutions, tax management isn't their focus.' At the height of April's volatility, Parametric harvested $620 million in losses, generating around $230 million in potential tax benefits. That same month, Parametric also introduced an offering with a $25,000 minimum investment, part of a broader push to open direct-indexing features to smaller accounts and widen the client base for tax-managed SMAs. Quant hedge funds such as AQR Capital Management are also in tax-optimization arena, applying long-short structures aimed at maximizing harvestable losses while managing exposure drift. As competition heats up, Goldman Sachs Asset Management is pushing into new customization features to expand its tax-optimized platform, such as introducing capabilities to migrate equity ETFs into SMA portfolios. The firm has also ramped up its engineering staff to scale automation and global execution as tax-optimized services become increasingly industrialized. While tax-loss harvesting can reduce tax bills, research shows the biggest benefits tend to accrue to wealthier investors with large taxable portfolios and steady capital gains to offset. As such, for investors able to access these platforms, the appeal is simple. 'There is an awareness among investors that it's not what you make, it's what you keep,' said Parametric's Lee. 'Taxes represent a headwind for investors to the extent they have to realize gains in taxable accounts. You can take advantage of volatility when it comes.' --With assistance from Justina Lee and Lu Wang. New Grads Join Worst Entry-Level Job Market in Years The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling What America's Pizza Economy Is Telling Us About the Real One Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again American Mid: Hampton Inn's Good-Enough Formula for World Domination ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 minutes ago
- Yahoo
High Purity Quartz (HPQ) Market Research 2025-2032: Industry Analysis, Size, Shares, Growth, Trends, and Market Forecasts
Growing Demand and a Maturing Technological Landscape That is Fostering Scalability and Affordability in HPQ Production Dublin, June 10, 2025 (GLOBE NEWSWIRE) -- The "High Purity Quartz Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025-2032 - (By Form, End Use, Distribution Channel, Geographic Coverage and By Company)" report has been added to global high purity quartz (HPQ) market is poised for notable expansion, projected to grow from US$ 868.9 Mn in 2025 to an estimated US$ 1.38 billion by 2032. This promising growth trajectory, marked by a steady CAGR of 6.9%, is underpinned by increasing demand from key industries such as semiconductors, solar energy, and Market DriversOne of the key forces propelling the HPQ market is the surge in solar panel installations across emerging markets. In 2023 alone, global solar additions reached 447 GW, pushing total capacity to 1.6 TW. China alone contributed 253 GW, highlighting its dominance in global solar adoption. This rising emphasis on renewable energy infrastructure is directly fueling the demand for HPQ, particularly in the manufacturing of ultra-pure silicon wafers for photovoltaic the relentless expansion of the semiconductor sector continues to generate demand for high-grade quartz. With growing applications in AI, IoT, autonomous vehicles, and advanced consumer electronics, the semiconductor industry's need for defect-free materials like HPQ remains strong. The telecom and optics industry, too, is emerging as a growth driver, requiring ultra-pure quartz for high-performance fiber optic cables and optical OpportunityTechnological advancements are creating substantial opportunities in the HPQ market. Innovations in purification techniques - including plasma-based refinement, hydrothermal processing, and AI-enabled quality control - are significantly reducing production costs while maintaining ultra-high purity. Companies adopting automated purification processes and modern leaching methods are managing to reduce energy consumption and waste, thereby making HPQ more accessible to broader use of advanced monitoring systems allows for better yield, consistency, and cost-efficiency, particularly in achieving grades beyond 99.995% purity. As a result, new entrants and regional players are finding feasible entry points into the market, intensifying competition and expanding supply networks. These trends signal not only growing demand but also a maturing technological landscape that is fostering scalability and affordability in HPQ ChallengesDespite its promising growth outlook, the HPQ market faces certain hurdles. The primary challenge lies in the high cost of achieving ultra-pure quartz through complex purification processes such as thermal treatment, chemical leaching, and filtration. These methods are both energy-intensive and expensive, requiring significant capital the availability of raw materials is constrained by the limited number of high-quality quartz deposits globally. Key sources include regions in the United States (notably Spruce Pine, North Carolina), Norway, and Australia. The geographical concentration of these reserves makes the market vulnerable to supply disruptions, such as the impact of Hurricane Helene on Spruce Pine's mining operations in 2024. Limited production capacity, coupled with high operational costs, continues to hamper broader market AnalysisThe Asia Pacific region stands out as the largest consumer of high purity quartz, driven by robust growth in both semiconductor manufacturing and solar energy adoption. Countries like China, South Korea, Japan, and Taiwan are global leaders in chip production and solar panel manufacturing. Notable investments such as Micron Technology's US$ 825 million semiconductor facility in India illustrate the region's long-term commitment to electronic manufacturing and renewable energy, thus reinforcing demand for Europe, the high purity quartz market is buoyed by the region's aggressive renewable energy targets. The European Union's goal for solar to account for 20% of electricity generation has catalyzed solar panel manufacturing, with countries such as Germany, France, and the UK leading the charge. A notable 26% increase in solar photovoltaic generation in 2022 illustrates the continent's rising dependence on HPQ for clean energy America, meanwhile, holds a pivotal position in HPQ production, thanks to the world-renowned Spruce Pine mines in North Carolina. This region supplies up to 90% of the globe's ultra-pure quartz. The geological uniqueness of Spruce Pine ensures unmatched purity, positioning North America as a strategic supplier, especially to the global semiconductor industry. Investment efforts by companies such as Sibelco to expand production capacities are expected to reinforce the region's Players The global HPQ market is characterized by the presence of several key players that are focused on research, capacity expansion, and strategic collaborations. These include: Sibelco High Purity Quartz Pty. Ltd. Creswick Quartz The Quartz Corporation Nordic Mining ASA Momentive Performance Materials Inc. Australian Silica Quartz Group Ltd. Fineton Development Limited Solar Quartz Technologies Companies are increasingly investing in R&D to refine purification technologies and reduce production costs. At the same time, partnerships and joint ventures are being forged to secure raw material sources and expand into new geographical in September 2024, Global Surfaces FZE launched the Middle East's largest engineered surfaces facility in the UAE, while Rover Critical Minerals Corp. moved to acquire the Silicon Valley Silica Project in British Columbia, which is estimated to host over 12 kilometers of high-purity Expert's EyeMarket analysts emphasize that HPQ's pricing varies significantly by grade and application. For instance, quartz used in lighting applications can be priced around US$ 650 per ton, whereas Grade-1 for telecom and optics reaches US$ 5,000 per ton. The most premium grades - Grade-2 and Grade-3 - used in semiconductors and photovoltaic cells can fetch as much as US$ 20,000 per ton. This reflects the value of HPQ in critical applications and underscores the market's potential profitability. The global high purity quartz market is segmented as follows: By Grade HPQ Powder Grade I Grade II Grade III By Application Semiconductor Solar Lighting Telecom & Optics Microelectronics Others By Region North America Europe Asia Pacific Latin America The Middle East & Africa For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Business Journals
13 minutes ago
- Business Journals
Daily Digest: End of an era at Fisherman's Wharf, Scale AI eyes record funding from Meta
Happy Monday, Bay Area. Tensions remain high in Los Angeles as protests against Immigration and Customs Enforcement took over the city this weekend, with demonstrators clashing with law enforcement as President Trump deployed 2,000 members of the National Guard to "address the lawlessness." The state of California will file a lawsuit on Monday challenging President Trump's use of the National Guard, Gov. Gavin Newsom stated on social media. Trump suggested Newsom should be arrested over his response. Protests also broke out in downtown San Francisco on Sunday with 60 arrests made, the Chronicle reports. Meanwhile in transportation, Alphabet-owned Waymo has suspended service of its ride-hailing service in downtown Los Angeles after some of its vehicles were set on fire during protests. Closer to home here in the city, S.F.'s first all-women's sports bar — Rikki's — is opening on Wednesday at 2223 Market St., an upper Market location that has seen a number of short-lived concepts over the past few years. And finally, the San Francisco-Marin Food Bank has announced the closure of all its farmers market-style pantries by June 30, as well as reductions to its home delivery service and staff. ABC7 also reports that 13 pantries closed for good Friday after the money ran out. Here's the rest of the local business news to start your week. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Alioto's to be torn down at Fisherman's Wharf Alioto's Restaurant, the longtime waterfront seafood spot at Fisherman's Wharf that closed down in 2020, will be demolished and replaced by a new public plaza as part of a $10 million plan by the Port of San Francisco to reimagine the historic heart of Fisherman's Wharf, the Chronicle reports. Knocking down Alioto's and building a plaza are at the heart of a package of wharf upgrades, of which the port expects to complete the first phase by next year. expand The three-story, 11,000-square-foot Alioto's structure at Fisherman's Wharf will be torn down. Todd Johnson | San Francisco Business Times Business owners expect disruptions as wine and spirits distributor pulls out of California One of the nation's largest wine and spirits distributors recently announced it's pulling out of California, a move expected disrupt restaurant and bar operators and retailers statewide. Republic National Distributing Company, which operates in 39 states across the U.S., announced last week that it will exit the California market, effective Sept. 2, the Sacramento Business Journal reports. RNDC's remaining portfolio of wine and spirit brands will now be on the hunt for new distributors in California in order for their products to remain on shelves and in bars, according to local business leaders. Wild pigs are going hog wild in Santa Clara. Now authorities are going "Full Boar" Wild pigs are on the rise in Santa Clara County and have led to an uptick in property damage. As a result, the Santa Clara Valley Open Space Authority, an agency in San Jose that has preserved 30,000 acres of land as outdoor public space, last month approved spending $243,000 to hire a contractor, Full Boar Trapping and Wildlife Control, based in Contra Costa County, to trap and shoot wild pigs over the next three years on its properties, the Mercury News reports. The report states that Russian boars were first introduced to the region in 1924 when eccentric Canadian millionaire George Gordon Moore purchased Rancho San Carlos, a 22,000-acre ranch in Carmel Valley. Some escaped and bred with the local pigs first brought by the Spanish in 1769. The pigs grow sharp tusks, weigh 250 pounds or more and have been known to attack hikers. Sign up for the Business Times' free morning and afternoon daily newsletters to receive the latest business news driving change in San Francisco. Download the free San Francisco Business Times app for breaking news alerts on your phone. People on the Move The National Venture Capital Association has named Vineeta Agarwala, general partner at A16z, as chair of the NVCA board of directors. In addition, Alex Doll of Ten Eleven Ventures has joined the NVCA board of directors. Mobilicom Limited (Nasdaq: MOB), a Palo Alto-based provider of cybersecurity and solutions for drones and robotics, named Guy Givoni to its board of directors. Givoni previously served on Mobilicom's advisory board from 2017 through 2023. Funding Watch San Francisco-based Scale AI is in talks to raise more than $10 billion from Meta, Bloomberg reports. The financing could exceed $10 billion in value, anonymous sources said, making it one of the largest private funding events of all time. The terms of the deal are not finalized and could still change and representatives for Scale AI and Meta declined to comment. The startup was last valued at about $14 billion in 2024, in a funding round that included backing from Meta and Microsoft. expand Alexandr Wang, co-founder and CEO of Scale AI David Paul Morris/Bloomberg via Getty Images IPO Watch In case you missed it, check out these seven questions Senior Reporter Ron Leuty last week got to ask Sean Duffy, the CEO of newly public Omada Health. Final thought … Sometimes it's the small things that people in industry do that have the biggest impact. For example, making the home computer user-friendly. That was the genius of Bill Atkinson, the Apple designer who created the software pioneered by the company's Lisa and Macintosh computers that made the machines accessible to millions of users without specialized skills, the New York Times reports. RIP to Atkinson, who died on Thursday at his home in Portola Valley at the age of 74. DOWNLOAD the free SFBT app for breaking news alerts on your phone.
