10 AI News Updates Making Waves on Wall Street

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8. Quanta Services, Inc. (NYSE:PWR)

Number of Hedge Fund Holders: 67

Quanta Services, Inc. (NYSE:PWR) is an infrastructure company that provides solutions for the electric and gas utility, renewable energy, communications, pipeline, and energy industries. On Friday, February 21, Roth MKM initiated coverage of the stock with a “Buy” rating and a $350 price target. The analysts told investors in a research note that Quanta is an engineering, procurement, and construction company offering infrastructure solutions, and it is best positioned for data centers and artificial intelligence.

“Power is the key bottleneck for the AI/datacenter theme, and PWR is one of the best-positioned companies to support the acceleration of the electrical infrastructure build-out with its leading market share in electric utility and renewables.”

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