**Quanta Services, Inc. (PWR)** has emerged as a leading force in the energy infrastructure sector, projected to more than double its revenue and earnings per share (EPS) between 2021 and 2025. The Houston-based company reported a record backlog of **$48.5 billion** as of Q1 2026, with expectations for **22% revenue growth** in 2026 and a further **13% in 2027** to reach nearly **$39 billion**. Quanta aims to capture a portion of a **$2.4 trillion** total addressable market through 2030.
Quanta’s earnings have been robust, with an **adjusted EPS growth forecast of 30%** in 2026, emphasizing a clear path to doubling its adjusted EPS by 2030. Additionally, it boasts an impressive **14% compound annual growth rate (CAGR)** for revenue from 2015 to 2025 and a **55% increase** in free cash flow in Q1 2026, generating **$184 million**. The company is benefiting from significant capital expenditure initiatives projected to reach **$7 trillion globally** for AI data center infrastructure by 2030, with **$1.3 trillion** allocated for the energy segment.
As investor enthusiasm continues, PWR shares have increased by **60% year-to-date** and approximately **88% over the past year**, highlighting its performance amid a capital-intensive economic shift. Despite a recent pullback of **15%** from its peak in early May, analysts recommend considering PWR for long-term investment, given its favorable market positioning and growth potential.
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