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Quanta Services' strong earnings and Covalis Capital's significant share purchase buoy the company's stock.
Covalis Capital LLP bought 16,430 shares of Quanta Services, Inc. (PWR), valued at about $5.2 million, while Freedom Investment Management Inc. reduced its stake by 6.6%.
Quanta Services reported a quarterly EPS of $2.74, exceeding analysts' expectations.
The company provides infrastructure solutions for various industries, including utility, renewable energy, and communications, with operations in the US, Canada, Australia, and internationally.
Analysts rate the stock as a "Moderate Buy" with a price target of $319.25.
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Las fuertes ganancias de Quanta Services y la importante compra de acciones de Covalis Capital sostienen las acciones de la compañía.