QUANTA SERVICES INC (NYSE:PWR) – A Strong Growth Stock with Technical Breakout Potential

QUANTA SERVICES INC (NYSE:PWR) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamental growth metrics with a bullish chart pattern, making it worth a closer look for investors seeking growth opportunities.

Fundamental Strengths

• Growth: PWR has demonstrated strong revenue and earnings growth, with EPS increasing by 27.25% over the past year and revenue growing at 15.77%. Future projections suggest continued expansion, with expected annual EPS growth of 14.68%.
• Profitability: The company maintains healthy margins, with a 7/10 Profitability Rating. Its Return on Equity (12.48%) and Return on Invested Capital (8.07%) outperform most peers in the Construction & Engineering industry.
• Financial Health: While the Health Rating is 5/10, PWR has a solid Altman-Z score (5.04) and manageable debt levels, indicating reasonable financial stability.

Technical Setup

• Trend Strength: Both short-term and long-term trends are positive, with the stock trading near its 52-week high.
• Support & Resistance: Key support levels exist at $330.82 (daily) and $254.23 (weekly), while resistance sits around $389.13. A breakout above this level could signal further upside.
• Consolidation: Recent price action shows reduced volatility, suggesting a potential breakout opportunity.

For a deeper dive, review the full fundamental report and technical analysis.

Our Strong Growth Stocks with Good Technical Setup screener lists more stocks meeting these criteria and is updated daily.

Disclaimer

This is not investment advice. The observations here are based on current data, but market conditions can change. Always conduct your own research before making investment decisions.