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Quanta Services Stock Scores 92 RS Rating; Enters Renewable Energy Space

On Friday, Quanta Services (PWR) stock earned a positive adjustment to its Relative Strength (RS) Rating, from 88 to 92.

The infrastructure contracting firm recently announced it will buy privately held Blattner Holding Company, a renewable energy infrastructure firm. Blattner has long-standing customer relationships with other top renewable energy firms, including NextEra Energy (NEE) and Clearway Energy (CWENA).




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When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength. IBD’s proprietary rating identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock’s price movement over the trailing 52 weeks holds up against all the other stocks in our database.

History reveals that the market’s biggest winners tend to have an 80 or higher RS Rating as they launch their largest climbs.


See How IBD Helps You Make More Money In Stocks


Is Quanta Services Stock A Buy?

Quanta Services stock is now considered extended and out of buy range after clearing a 99.62 buy point in a second-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

Earnings-per-share growth dropped last quarter from 77% to 43%, but revenue rose from -2% to 20%.

Holds The Top Spot In Its Class

Quanta Services stock holds the No. 1 rank among its peers in the Building-Heavy Construction industry group. KBR (KBR) and Sterling Construction (STRL) are also among the group’s highest-rated stocks.

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