Intrinsic value of Quanta Services - PWR

Previous Close

$32.31

  Intrinsic Value

$3.82

stock screener

  Rating & Target

str. sell

-88%

Previous close

$32.31

 
Intrinsic value

$3.82

 
Up/down potential

-88%

 
Rating

str. sell

We calculate the intrinsic value of PWR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  20.70
  19.13
  17.72
  16.45
  15.30
  14.27
  13.34
  12.51
  11.76
  11.08
  10.47
  9.93
  9.43
  8.99
  8.59
  8.23
  7.91
  7.62
  7.36
  7.12
  6.91
  6.72
  6.55
  6.39
  6.25
  6.13
  6.01
  5.91
  5.82
  5.74
Revenue, $m
  11,426
  13,612
  16,023
  18,659
  21,513
  24,584
  27,864
  31,349
  35,036
  38,918
  42,995
  47,263
  51,722
  56,372
  61,215
  66,255
  71,495
  76,942
  82,602
  88,484
  94,597
  100,952
  107,560
  114,435
  121,590
  129,040
  136,801
  144,890
  153,325
  162,125
Variable operating expenses, $m
  10,902
  12,947
  15,203
  17,668
  20,339
  23,211
  26,279
  29,540
  32,988
  36,621
  40,221
  44,214
  48,385
  52,735
  57,266
  61,980
  66,882
  71,978
  77,273
  82,775
  88,494
  94,439
  100,621
  107,052
  113,745
  120,714
  127,975
  135,542
  143,432
  151,665
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  10,902
  12,947
  15,203
  17,668
  20,339
  23,211
  26,279
  29,540
  32,988
  36,621
  40,221
  44,214
  48,385
  52,735
  57,266
  61,980
  66,882
  71,978
  77,273
  82,775
  88,494
  94,439
  100,621
  107,052
  113,745
  120,714
  127,975
  135,542
  143,432
  151,665
Operating income, $m
  524
  665
  821
  991
  1,175
  1,373
  1,585
  1,809
  2,047
  2,298
  2,774
  3,049
  3,337
  3,637
  3,950
  4,275
  4,613
  4,964
  5,329
  5,709
  6,103
  6,513
  6,940
  7,383
  7,845
  8,326
  8,826
  9,348
  9,892
  10,460
EBITDA, $m
  918
  1,093
  1,287
  1,499
  1,728
  1,975
  2,238
  2,518
  2,814
  3,126
  3,454
  3,797
  4,155
  4,528
  4,917
  5,322
  5,743
  6,181
  6,635
  7,108
  7,599
  8,109
  8,640
  9,193
  9,767
  10,366
  10,989
  11,639
  12,317
  13,023
Interest expense (income), $m
  13
  36
  66
  100
  137
  177
  221
  268
  319
  372
  429
  488
  551
  616
  684
  756
  830
  907
  988
  1,071
  1,158
  1,248
  1,342
  1,440
  1,541
  1,646
  1,756
  1,870
  1,989
  2,114
  2,243
Earnings before tax, $m
  488
  599
  721
  854
  998
  1,152
  1,316
  1,491
  1,675
  1,869
  2,286
  2,499
  2,721
  2,953
  3,194
  3,445
  3,705
  3,976
  4,258
  4,551
  4,855
  5,171
  5,500
  5,842
  6,198
  6,569
  6,956
  7,359
  7,779
  8,217
Tax expense, $m
  132
  162
  195
  231
  269
  311
  355
  403
  452
  505
  617
  675
  735
  797
  862
  930
  1,000
  1,074
  1,150
  1,229
  1,311
  1,396
  1,485
  1,577
  1,674
  1,774
  1,878
  1,987
  2,100
  2,219
Net income, $m
  356
  437
  526
  623
  728
  841
  961
  1,088
  1,223
  1,365
  1,669
  1,824
  1,986
  2,155
  2,331
  2,515
  2,705
  2,903
  3,108
  3,322
  3,544
  3,775
  4,015
  4,265
  4,525
  4,796
  5,078
  5,372
  5,679
  5,999

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  7,821
  9,317
  10,967
  12,771
  14,725
  16,827
  19,072
  21,458
  23,981
  26,638
  29,428
  32,350
  35,402
  38,585
  41,900
  45,349
  48,936
  52,664
  56,538
  60,564
  64,748
  69,098
  73,621
  78,327
  83,224
  88,323
  93,635
  99,172
  104,945
  110,968
Adjusted assets (=assets-cash), $m
  7,821
  9,317
  10,967
  12,771
  14,725
  16,827
  19,072
  21,458
  23,981
  26,638
  29,428
  32,350
  35,402
  38,585
  41,900
  45,349
  48,936
  52,664
  56,538
  60,564
  64,748
  69,098
  73,621
  78,327
  83,224
  88,323
  93,635
  99,172
  104,945
  110,968
Revenue / Adjusted assets
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
  1.461
Average production assets, $m
  2,674
  3,185
  3,749
  4,366
  5,034
  5,753
  6,520
  7,336
  8,198
  9,107
  10,061
  11,060
  12,103
  13,191
  14,324
  15,504
  16,730
  18,004
  19,329
  20,705
  22,136
  23,623
  25,169
  26,778
  28,452
  30,195
  32,011
  33,904
  35,878
  37,937
Working capital, $m
  1,497
  1,783
  2,099
  2,444
  2,818
  3,220
  3,650
  4,107
  4,590
  5,098
  5,632
  6,191
  6,776
  7,385
  8,019
  8,679
  9,366
  10,079
  10,821
  11,591
  12,392
  13,225
  14,090
  14,991
  15,928
  16,904
  17,921
  18,981
  20,086
  21,238
Total debt, $m
  1,229
  1,850
  2,535
  3,283
  4,094
  4,966
  5,898
  6,888
  7,935
  9,038
  10,196
  11,408
  12,675
  13,996
  15,372
  16,803
  18,292
  19,839
  21,447
  23,117
  24,854
  26,659
  28,536
  30,489
  32,521
  34,637
  36,842
  39,140
  41,536
  44,035
Total liabilities, $m
  3,246
  3,866
  4,551
  5,300
  6,111
  6,983
  7,915
  8,905
  9,952
  11,055
  12,213
  13,425
  14,692
  16,013
  17,388
  18,820
  20,308
  21,855
  23,463
  25,134
  26,870
  28,676
  30,553
  32,506
  34,538
  36,654
  38,859
  41,156
  43,552
  46,052
Total equity, $m
  4,575
  5,450
  6,416
  7,471
  8,614
  9,844
  11,157
  12,553
  14,029
  15,583
  17,216
  18,925
  20,710
  22,572
  24,511
  26,529
  28,627
  30,808
  33,075
  35,430
  37,878
  40,422
  43,068
  45,821
  48,686
  51,669
  54,777
  58,015
  61,393
  64,917
Total liabilities and equity, $m
  7,821
  9,316
  10,967
  12,771
  14,725
  16,827
  19,072
  21,458
  23,981
  26,638
  29,429
  32,350
  35,402
  38,585
  41,899
  45,349
  48,935
  52,663
  56,538
  60,564
  64,748
  69,098
  73,621
  78,327
  83,224
  88,323
  93,636
  99,171
  104,945
  110,969
Debt-to-equity ratio
  0.270
  0.340
  0.400
  0.440
  0.480
  0.500
  0.530
  0.550
  0.570
  0.580
  0.590
  0.600
  0.610
  0.620
  0.630
  0.630
  0.640
  0.640
  0.650
  0.650
  0.660
  0.660
  0.660
  0.670
  0.670
  0.670
  0.670
  0.670
  0.680
  0.680
Adjusted equity ratio
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585
  0.585

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  356
  437
  526
  623
  728
  841
  961
  1,088
  1,223
  1,365
  1,669
  1,824
  1,986
  2,155
  2,331
  2,515
  2,705
  2,903
  3,108
  3,322
  3,544
  3,775
  4,015
  4,265
  4,525
  4,796
  5,078
  5,372
  5,679
  5,999
Depreciation, amort., depletion, $m
  394
  428
  467
  508
  553
  602
  654
  709
  767
  829
  680
  747
  818
  891
  968
  1,048
  1,130
  1,217
  1,306
  1,399
  1,496
  1,596
  1,701
  1,809
  1,922
  2,040
  2,163
  2,291
  2,424
  2,563
Funds from operations, $m
  750
  865
  993
  1,131
  1,282
  1,443
  1,615
  1,797
  1,990
  2,193
  2,349
  2,571
  2,804
  3,047
  3,299
  3,562
  3,835
  4,119
  4,414
  4,721
  5,040
  5,371
  5,716
  6,074
  6,447
  6,836
  7,241
  7,663
  8,103
  8,562
Change in working capital, $m
  257
  286
  316
  345
  374
  402
  430
  457
  483
  509
  534
  559
  584
  609
  634
  660
  686
  714
  741
  771
  801
  832
  866
  901
  937
  976
  1,017
  1,060
  1,105
  1,153
Cash from operations, $m
  493
  579
  677
  786
  908
  1,041
  1,185
  1,341
  1,507
  1,684
  1,815
  2,012
  2,220
  2,438
  2,665
  2,902
  3,149
  3,406
  3,673
  3,951
  4,239
  4,539
  4,850
  5,174
  5,510
  5,860
  6,224
  6,603
  6,998
  7,409
Maintenance CAPEX, $m
  -149
  -181
  -215
  -253
  -295
  -340
  -389
  -441
  -496
  -554
  -615
  -680
  -747
  -818
  -891
  -968
  -1,048
  -1,130
  -1,217
  -1,306
  -1,399
  -1,496
  -1,596
  -1,701
  -1,809
  -1,922
  -2,040
  -2,163
  -2,291
  -2,424
New CAPEX, $m
  -462
  -511
  -564
  -617
  -668
  -718
  -768
  -816
  -863
  -909
  -954
  -999
  -1,043
  -1,088
  -1,133
  -1,179
  -1,226
  -1,275
  -1,324
  -1,376
  -1,430
  -1,487
  -1,546
  -1,609
  -1,674
  -1,743
  -1,816
  -1,893
  -1,974
  -2,059
Cash from investing activities, $m
  -611
  -692
  -779
  -870
  -963
  -1,058
  -1,157
  -1,257
  -1,359
  -1,463
  -1,569
  -1,679
  -1,790
  -1,906
  -2,024
  -2,147
  -2,274
  -2,405
  -2,541
  -2,682
  -2,829
  -2,983
  -3,142
  -3,310
  -3,483
  -3,665
  -3,856
  -4,056
  -4,265
  -4,483
Free cash flow, $m
  -118
  -113
  -103
  -84
  -56
  -18
  29
  84
  149
  222
  245
  334
  429
  532
  640
  755
  875
  1,001
  1,132
  1,268
  1,410
  1,556
  1,708
  1,864
  2,026
  2,194
  2,368
  2,547
  2,733
  2,926
Issuance/(repayment) of debt, $m
  557
  621
  685
  749
  811
  872
  932
  990
  1,047
  1,103
  1,158
  1,212
  1,267
  1,321
  1,376
  1,431
  1,489
  1,547
  1,608
  1,671
  1,736
  1,805
  1,877
  1,953
  2,032
  2,116
  2,205
  2,298
  2,396
  2,500
Issuance/(repurchase) of shares, $m
  427
  438
  439
  432
  415
  388
  353
  307
  253
  190
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  984
  1,059
  1,124
  1,181
  1,226
  1,260
  1,285
  1,297
  1,300
  1,293
  1,158
  1,212
  1,267
  1,321
  1,376
  1,431
  1,489
  1,547
  1,608
  1,671
  1,736
  1,805
  1,877
  1,953
  2,032
  2,116
  2,205
  2,298
  2,396
  2,500
Total cash flow (excl. dividends), $m
  866
  946
  1,022
  1,097
  1,170
  1,243
  1,313
  1,382
  1,449
  1,515
  1,403
  1,546
  1,696
  1,853
  2,016
  2,186
  2,364
  2,548
  2,740
  2,939
  3,146
  3,361
  3,585
  3,817
  4,059
  4,310
  4,572
  4,845
  5,129
  5,425
Retained Cash Flow (-), $m
  -784
  -875
  -966
  -1,055
  -1,143
  -1,229
  -1,313
  -1,396
  -1,476
  -1,555
  -1,632
  -1,709
  -1,785
  -1,862
  -1,939
  -2,018
  -2,098
  -2,181
  -2,266
  -2,355
  -2,448
  -2,545
  -2,646
  -2,753
  -2,865
  -2,983
  -3,108
  -3,239
  -3,377
  -3,524
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  83
  71
  56
  42
  27
  13
  0
  -14
  -27
  -40
  -229
  -163
  -89
  -9
  77
  168
  265
  367
  473
  584
  698
  816
  939
  1,064
  1,194
  1,327
  1,465
  1,606
  1,752
  1,902
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  79
  65
  49
  34
  21
  10
  0
  -9
  -15
  -21
  -109
  -70
  -34
  -3
  23
  43
  58
  68
  73
  74
  72
  68
  62
  54
  46
  39
  31
  25
  19
  14
Current shareholders' claim on cash, %
  91.8
  85.4
  80.3
  76.2
  73.0
  70.5
  68.6
  67.1
  66.1
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4
  65.4

Quanta Services, Inc. is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products. The services it provides include the design, installation, upgrade, repair and maintenance of infrastructure within each of the industries it serves, such as electric power transmission and distribution networks, substation facilities, renewable energy facilities, pipeline transmission and distribution systems and facilities, and infrastructure services for the offshore and inland water energy markets.

FINANCIAL RATIOS  of  Quanta Services (PWR)

Valuation Ratios
P/E Ratio 24.7
Price to Sales 0.6
Price to Book 1.5
Price to Tangible Book
Price to Cash Flow 12.9
Price to Free Cash Flow 29.3
Growth Rates
Sales Growth Rate 1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 1.4%
Cap. Spend. - 3 Yr. Gr. Rate -0.8%
Financial Strength
Quick Ratio 14
Current Ratio 0
LT Debt to Equity 10.6%
Total Debt to Equity 10.8%
Interest Coverage 25
Management Effectiveness
Return On Assets 3.9%
Ret/ On Assets - 3 Yr. Avg. 4.8%
Return On Total Capital 5.4%
Ret/ On T. Cap. - 3 Yr. Avg. 6.6%
Return On Equity 6.2%
Return On Equity - 3 Yr. Avg. 7%
Asset Turnover 1.4
Profitability Ratios
Gross Margin 13.3%
Gross Margin - 3 Yr. Avg. 13.5%
EBITDA Margin 6.8%
EBITDA Margin - 3 Yr. Avg. 6.8%
Operating Margin 4.2%
Oper. Margin - 3 Yr. Avg. 4.3%
Pre-Tax Margin 4%
Pre-Tax Margin - 3 Yr. Avg. 4.2%
Net Profit Margin 2.6%
Net Profit Margin - 3 Yr. Avg. 3.5%
Effective Tax Rate 35.1%
Eff/ Tax Rate - 3 Yr. Avg. 36.8%
Payout Ratio 0%

PWR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PWR stock intrinsic value calculation we used $9466.478 million for the last fiscal year's total revenue generated by Quanta Services. The default revenue input number comes from 0001 income statement of Quanta Services. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our PWR stock valuation model: a) initial revenue growth rate of 20.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for PWR is calculated based on our internal credit rating of Quanta Services, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Quanta Services.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of PWR stock the variable cost ratio is equal to 95.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for PWR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Quanta Services.

Corporate tax rate of 27% is the nominal tax rate for Quanta Services. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the PWR stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for PWR are equal to 23.4%.

Life of production assets of 14.8 years is the average useful life of capital assets used in Quanta Services operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for PWR is equal to 13.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3791.571 million for Quanta Services - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 148.808 million for Quanta Services is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Quanta Services at the current share price and the inputted number of shares is $4.8 billion.

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COMPANY NEWS

▶ Houston Exponential raises $25M fund of funds to bolster city's tech scene   [Oct-12-18 07:10AM  American City Business Journals]
▶ IIROC Trading Halt - PWR   [Oct-05-18 08:12AM  CNW Group]
▶ 3 Different Ways for Newcomers to Buy S&P 500 Stocks   [Oct-03-18 11:49AM  InvestorPlace]
▶ Quanta Services Inc (NYSE:PWR): Financial Strength Analysis   [Oct-02-18 12:42PM  Simply Wall St.]
▶ Quanta Services: 2Q Earnings Snapshot   [07:06AM  Associated Press]
▶ MARKETS: US economic data is strong, but growth is slowing   [May-03-18 01:34PM  Yahoo Finance Video]
▶ Quanta Services: 1Q Earnings Snapshot   [06:58AM  Associated Press]
▶ Hedge Funds Are Piling Into These Construction Stocks   [Mar-27-18 02:49AM  Insider Monkey]
▶ Quanta Services beats Street 4Q forecasts   [07:19AM  Associated Press]
▶ New Strong Sell Stocks for January 16th   [Jan-16-18 05:44AM  Zacks]
▶ New Strong Sell Stocks for January 11th   [Jan-11-18 08:36AM  Zacks]
▶ Quanta Services tops Street 3Q forecasts   [07:45AM  Associated Press]
▶ Quanta Services Earns Relative Strength Rating Upgrade   [Oct-27-17 03:00AM  Investor's Business Daily]

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