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Positive Report for Quanta Services (PWR) from BMO Capital

Tipranks - Tipranks - Sat Mar 28, 1:36AM CDT

BMO Capital analyst Ameet Thakkar upgraded Quanta Services to a Buy today and set a price target of $650.00.

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According to TipRanks, Thakkar is an analyst with an average return of -4.6% and a 52.27% success rate. Thakkar covers the Technology sector, focusing on stocks such as First Solar, Nextpower Inc, and SolarEdge Technologies.

In addition to BMO Capital, Quanta Services also received a Buy from Cantor Fitzgerald’s Manish Somaiya in a report issued on March 17. However, on March 25, Bernstein maintained a Hold rating on Quanta Services (NYSE: PWR).

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Based on Quanta Services’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.84 billion and a net profit of $315.5 million. In comparison, last year the company earned a revenue of $6.55 billion and had a net profit of $305.12 million

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