Quanta Services raised full-year guidance following a 20% two-day stock surge on better-than-expected Q2 results.
Quanta Services (PWR) climbed 1.9% Friday, pushing its two-day gain to nearly 20% after reporting Q2 adjusted earnings and revenue that surpassed expectations. The company also lifted its full-year earnings guidance, signaling confidence in continued growth.
Analysts had anticipated a solid quarter, but the scale of the beat and the upward revision to guidance exceeded consensus estimates. The results reflect strong demand for electrical infrastructure services in the U.S.
Guggenheim upgraded the stock to Buy, citing the robust performance and improved outlook as key catalysts for further upside.