Bernstein analyst highlights Quanta Services (PWR) as a promising "AI power stock"
Bernstein analyst Chad Dillard identified Quanta Services (PWR) as a key beneficiary of AI-driven power demand, calling it an "800-pound gorilla" in high-voltage transmission lines and data center voltage upgrades. The company's revenue jumped about 40% year-over-year in the recent quarter, and it raised its full-year guidance for revenue, EPS, and cash flow. Quanta Services trades at a forward P/E ratio of approximately 41.6, roughly double its sector median.
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