PWR

Amid the sharp correction in AI stocks, investors question what to do next.

The Blue Wave is throwing some cold water on the AI trade.

Main Street Alpha's Leo Nelissen discusses why AI data center investment remains a dominant growth driver, with market fears of a slowdown likely overblown and continued capital deployment expected from hyperscalers. Favoring infrastructure, energy, and engineering companies such as Comfort Systems (FIX), Vertiv (VRT), Quanta Services (PWR), and LandBridge (LB).

FIX, PWR and STRL are riding AI data center demand, with expanding backlogs, strong earnings growth forecasts and notable broker price targets.

ServiceNow was the Portfolio's top-performing holding during the quarter as improving sentiment toward high-quality software companies coincided with another strong earnings report. Tokyo Electron, a Japan-based leader in semiconductor production equipment, was the Portfolio's largest relative detractor during the quarter. In Q3 2026, we initiated new positions in Seagate Technology, Advanced Micro Devices, Quanta Services, and SK Hynix, while selling Oracle.

Quanta Services, Inc. PWR expects strong double-digit adjusted EPS growth in 2027, supported by a record backlog and rising demand for power and infrastructure projects. The key factor is whether Quanta can convert this growing project pipeline into revenues and earnings while maintaining execution efficiency.

Quanta's Q3 2026 earnings and revenues beat estimates, fueled by electric infrastructure demand, as record backlog drives a higher 2026 outlook.

Quanta Services, Inc. (PWR) Q3 2026 Earnings Call Transcript

Although the revenue and EPS for Quanta Services (PWR) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Quanta Services (PWR) came out with quarterly earnings of $6.06 per share, beating the Zacks Consensus Estimate of $5.03 per share. This compares to earnings of $3.33 per share a year ago.