Latest news with #Quanta
Yahoo
7 hours ago
- Business
- Yahoo
Power-Plant Builder Tops Buy Point, Earning Encore As Stock Of The Day
Heavy construction company Quanta Services broke out past a buy point Tuesday. Houston-based Quanta is one of the highest-rated stocks in IBD's heavy construction industry group, which has hoisted itself into the top 40 of IBD's 197 group rankings. The company specializes in construction services for utility companies.
Yahoo
5 days ago
- Business
- Yahoo
2 Cash-Producing Stocks with Promising Prospects and 1 to Be Wary Of
While strong cash flow is a key indicator of stability, it doesn't always translate to superior returns. Some cash-heavy businesses struggle with inefficient spending, slowing demand, or weak competitive positioning. Cash flow is valuable, but it's not everything - StockStory helps you identify the companies that truly put it to work. That said, here are two cash-producing companies that reinvest wisely to drive long-term success and one that may face some trouble. Trailing 12-Month Free Cash Flow Margin: 5.1% Boasting partnerships with media franchises like Marvel and One Piece, Funko (NASDAQ:FNKO) is a company specializing in creating and distributing licensed pop culture collectibles. Why Should You Dump FNKO? Products and services have few die-hard fans as sales have declined by 10% annually over the last two years Earnings per share fell by 15% annually over the last five years while its revenue grew, showing its incremental sales were much less profitable Waning returns on capital from an already weak starting point displays the inefficacy of management's past and current investment decisions Funko is trading at $4.25 per share, or 20.2x forward P/E. If you're considering FNKO for your portfolio, see our FREE research report to learn more. Trailing 12-Month Free Cash Flow Margin: 6% A construction engineering services company, Quanta (NYSE:PWR) provides infrastructure solutions to a variety of sectors, including energy and communications. Why Should You Buy PWR? Backlog has averaged 23.1% growth over the past two years, showing it has a pipeline of unfulfilled orders that will support revenue in the future Forecasted revenue growth of 10.3% for the next 12 months indicates its momentum over the last two years is sustainable Earnings per share grew by 22.4% annually over the last two years and trumped its peers Quanta's stock price of $337.67 implies a valuation ratio of 32x forward P/E. Is now the right time to buy? See for yourself in our comprehensive research report, it's free. Trailing 12-Month Free Cash Flow Margin: 20.2% Started as a two-man shop dating back to the 1860s, Armstrong (NYSE:AWI) provides ceiling and wall products to commercial and residential spaces. Why Does AWI Stand Out? Solid 9.2% annual revenue growth over the last two years indicates its offering's solve complex business issues Highly efficient business model is illustrated by its impressive 24.6% operating margin Strong free cash flow margin of 19.6% enables it to reinvest or return capital consistently At $155.98 per share, Armstrong World trades at 21.8x forward P/E. Is now a good time to buy? Find out in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. 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
6 days ago
- Business
- Yahoo
RioFilme Wants to Find the ‘Gagacabana of Audiovisual,' Is Currently in Talks to Attract Netflix's ‘Boys From Brazil' and MipTV to Rio
It's been a busy few weeks for RioFilme. The company, one of the largest city-backed audiovisual funds in Latin America, just had its first-ever stand at the Cannes' Marché du Film as part of Brazil Country of Honor and is gearing to open a dedicated stand for the first time at Rio's buzzy Rio2C, Latin America's largest creativity event taking place from May 27 to June 1. The Rio2C stand is held in partnership with Quanta, the São Paulo-based studio and post-production group that won the bid for the 30-year concession to Rio's massive Polo Rio Cine Video, a complex of seven studios built by City Hall by 1988. Quanta has invested $15 million in renovating the complex and creating extra stages and plans to have a total of 15 fully operational studios in Polo Rio by March 2026. More from Variety Sofa Digital Adds Three Specialty Film Channels, as FAST Markets, Led by Samsung TV Plus, Boom in Brazil (EXCLUSIVE) Brazil Emerges as FAST Streaming Powerhouse, Set to Soon Become Its Second Biggest International Market in the World (EXCLUSIVE) Rio2C's Industry Pitching Captures a Brazil Intent on Remembering the Forgotten, Its Slaves, Extraordinary Artists and an Emblematic Guerrilla Fighter The stand will showcase some of the industry's leading tech resources. Audience members will be able to attend presentations about virtual production and motion capture, with Guel Arraes and Flávia Lacerda's box office hit 'The Rogue's Trial' serving as a key showcase — a clear decision to emphasize the use of modern techniques in Brazilian productions. RioFilme will also be present at several panels, including one on the future of the Brazilian audiovisual production with Ancine's Alex Braga and the Ministry of Culture's executive secretary Marcio Tavares, where the Rio company will announce its new R$100 million ($18 million) incentive rollout. Speaking with Variety in Cannes ahead of Rio2C, the President of RioFilme, Leonardo Edde, highlights the company's internationalization efforts, saying they are currently looking for the 'Gagacabana of audiovisual.' By that, the executive is of course referring to the history-making free Lady Gaga concert in Copacabana Beach, which attracted over 2 million spectators to the sands of Rio early in May and attracted great international attention. 'I am trying to find the Lady Gaga of audiovisual,' emphasized Edde. 'Rio is ready for a production of this dimension. Today, Rio is capable of hosting major Hollywood productions that need studios as well as offering the natural beauty of the city and its surroundings.' One project that can fit this ambitious bill is Netflix's series adaptation of the Ira Levin novel 'The Boys From Brazil,' which Edde says they are 'actively trying to attract' to shoot in Rio. The project is set to star 'Succession' star Jeremy Strong and hails from Peter Morgan, the creator of the critically-acclaimed Netflix series 'The Crown.' Morgan is writing the adaptation and will executive produce along with Suzanne Mackie of Orchid Pictures. In the first quarter of 2025, Rio accounted for 80% of the Brazilian film market share. Rio has also been consolidating itself as one of the most filmed cities in the world, surpassing major cinematic destinations such as Paris and Mexico City. In 2024, the city of Rio surpassed Paris' numbers by nearly 40%, authorizing 8,782 filming days for 505 productions. 'Our goal is to pass Madrid, which had 12,000 shoot days at its highest,' adds Edde. 'For that to happen, we need skilled workers and are heavily investing in technical and artistic training. Today we have technical courses running alongside high schools, so pupils come out of high schools already trained as audiovisual technicians.' 'Another main goal for 2025 is to host more international productions,' continues the RioFilme president. 'We have a cashback program for productions coming from outside Rio and a specific program for international productions that help bring the name and image of Rio to the world. We came to Cannes to try to find a major production to bring to Rio. We want to do business. RioFilme is a public company, but it is a business.' Rio City's cash rebate, which allows foreign producers to receive a refund of up to 35% of the amount spent on filming in the city, was launched in 2022 and produced whopping results in the three years since. 'Our return on the rebate is almost 700%,' says the exec. 'We've seen a very rapid return on the rebate. In year one, it was 400%, year two was 700%, and we are now executing year three and promising a new cash rebate for 2025.' Edde says that, unlike many other cities that launch attractive rebate schemes to increase demand, Rio's rebate responded to a 'long-suppressed demand.' 'Rio is already a highly popular city that is widely recognized internationally, so the rebate was years in the making, and we are becoming more and more ambitious with it every year.' Although RioFilme maintains a firm autonomy within its territory, Edde has been quick to praise the work of the Ministry of Culture and the federal support they have received under the Lula government following years of cultural cutbacks under the Bolsonaro administration. 'Our relationship with the federal government is direct and prolific because Rio is a postcard for the country, and we want to establish ourselves as a great reference for the country's audiovisual industry.' The exec adds that Daniel Celli, the head of the Rio Film Commission, is working alongside the federal government on the development of a long-awaited national film commission, which he views as 'key' for the future of Brazil's industry. 'It's essential that we can create a national film commission that works as a hub for the whole country, because certain states and cities already have their commissions and they have to be centralized without stripping those bodies of their autonomy. I think this is the great challenge of the federal government, but also its great opportunity.' Although internationalization is a great priority, RioFilme continues its home efforts. 'We now have two main industry events where we can connect with audiences and industry members, Rio2C in the first half of the year and the Rio Film Festival in the second half. One of our focuses is the return of the Rio Film Festival as a major international festival. It has always been a reference, and we want the festival to be back to its full grandeur.' Edde also says he and his team are working to bring MipTV to Rio now that the major B2B market is looking for a new home following its Cannes departure. 'This is Brazil's moment. Rio has an Oscar with 'I'm Still Here' and an increased national interest in our national cinema. We are currently in talks to bring MipTV to Rio, we want other major events to be held in the city.' Best of Variety 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts? New Movies Out Now in Theaters: What to See This Week Emmy Predictions: Talk/Scripted Variety Series - The Variety Categories Are Still a Mess; Netflix, Dropout, and 'Hot Ones' Stir Up Buzz
Yahoo
23-05-2025
- Business
- Yahoo
PSE&G gets $80M deal to run Long Island power grid after official, wife's secret stocks sink bidding process
A years-long search to replace PSE&G as the manager of Long Island's power grid ended in shock fashion Thursday as officials gifted the company an $80 million-a-year extension. The Long Island Power Authority OK'd the new deal and scrapped a competitive bidding process after authority member John Rhodes and his wife were found to have financial ties to Quanta Services, the company lined up to replace PSE&G. LIPA CEO John Rhodes and his wife owned up to $120,000 in company stocks with his wife through December 2024 — months after he helped form the selection committee and Texas-based Quanta was recommended as the new manager. Rhodes pushed Quanta, one of only two finalists alongside PSE&G, saying the company offered better safety metrics and slightly higher customer satisfaction scores. But LIPA's board members were skeptical. Critics pointed to Quanta's management of Puerto Rico's electric grid, which has faced rolling blackouts and a government audit. The LIPA board found out about the undisclosed stocks during an April review of the recommendation and rejected the bid in a 6-1 vote. Rhodes had dumped the stocks four months prior. 'John Rhodes does not own stock in Quanta Services, Inc. Previously, he did own stock in Quanta Services, Inc., having purchased shares in 2021, and sold immediately upon becoming aware of those holdings in December of 2024, prior to LIPA staff's recommendation of Quanta Services, Inc., for selection by the LIPA board,' LIPA spokesperson Jen Hayen told Long Island Business News. On Thursday, the board voted to scrap the selection process altogether and just extend PSEG's $80 million-a-year contract, which was set to expire at the end of 2025. The length of the extension hasn't been finalized, although the current deal includes an option for up to five more years. PSE&G has run Long Island's power grid since 2014, though its performance has faced scrutiny — especially after Tropical Storm Isaias in 2020 left hundreds of thousands of residents in the dark for days. That led to a restructured agreement in 2021 that tied $40 million of PSE&G's compensation to performance benchmarks, including reliability, storm response, and customer satisfaction. 'We are extremely disappointed by the LIPA Board's decision and the fact that Quanta was never given the opportunity to address any questions or concerns that any of the LIPA Trustees had raised,' a Quanta spokesperson told The Post. 'We hope the reported investigation into this decision sheds light on the procurement process as we can agree that LIPA's 1.2 million customers deserve the best service provider.'
New York Post
22-05-2025
- Business
- New York Post
PSE&G gets $80M deal to run Long Island power grid after official, wife's secret stocks sink bidding process
A years-long search to replace PSE&G as the manager of Long Island's power grid ended in shock fashion Thursday as officials gifted the company an $80 million-a-year extension. The Long Island Power Authority OK'd the new deal and scrapped a competitive bidding process after authority member John Rhodes and his wife were found to have financial ties to Quanta Services, the company lined up to replace PSE&G. LIPA CEO John Rhodes and his wife owned up to $120,000 in company stocks with his wife through December 2024 — months after he helped form the selection committee and Texas-based Quanta was recommended as the new manager. 3 A general view of a PSE&G sign in Paterson, NJ as seen on June 4, 2020. Christopher Sadowski Rhodes pushed Quanta, one of only two finalists alongside PSE&G, saying the company offered better safety metrics and slightly higher customer satisfaction scores. But LIPA's board members were skeptical. Critics pointed to Quanta's management of Puerto Rico's electric grid, which has faced rolling blackouts and a government audit. The LIPA board found out about the undisclosed stocks during an April review of the recommendation and rejected the bid in a 6-1 vote. Rhodes had dumped the stocks four months prior. 3 An electrical crew member contracted by LIPA works on overhead lines on Old Country Road on November 19, 2012 in Melville, New York. Getty Images 'John Rhodes does not own stock in Quanta Services, Inc. Previously, he did own stock in Quanta Services, Inc., having purchased shares in 2021, and sold immediately upon becoming aware of those holdings in December of 2024, prior to LIPA staff's recommendation of Quanta Services, Inc., for selection by the LIPA board,' LIPA spokesperson Jen Hayen told Long Island Business News. On Thursday, the board voted to scrap the selection process altogether and just extend PSEG's $80 million-a-year contract, which was set to expire at the end of 2025. The length of the extension hasn't been finalized, although the current deal includes an option for up to five more years. 3 PSEG workers at the scene where a Cessna 172 airplane crashed into a church and power lines, but all three passengers survived on April 15, 2019. Stephen Yang PSE&G has run Long Island's power grid since 2014, though its performance has faced scrutiny — especially after Tropical Storm Isaias in 2020 left hundreds of thousands of residents in the dark for days. That led to a restructured agreement in 2021 that tied $40 million of PSE&G's compensation to performance benchmarks, including reliability, storm response, and customer satisfaction.
