Quanta Services Inc. Looks to Continue to Trade Above its Annual-High Share Price Today

(MENAFN- Investor Brand Network) Quanta Services Inc. (NYSE:PWR) traded today at a new 52-week high of $117.19. This new high was reached on below average trading volume as 144,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Quanta Services Inc provides specialty contracting services and infrastructure solutions for the electric power, energy, and communication industries. It designs, installs, and repairs electric power networks, renewable energy facilities, and other infrastructure systems and facilities. The company has two business segments: Electric power infrastructure services (the majority of revenue), and Underground Utility and Infrastructure Solutions. It provides services for renewable energy solutions, including solar, wind, and natural gas. In addition, Quanta Services provides solutions for developing and transporting natural gas, oil, and other pipeline products. It derives the majority of its sales from the United States.

Over the past year, Quanta Services Inc. has traded in a range of $48.53 to $117.19 and is now at $114.86, 137% above that low.

Quanta Services Inc. (NYSE:PWR) defies analysts with a current price ($114.86) 16.9% above its average consensus price target of $95.48.

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