11 Best Engineering Stocks to Invest in Now

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1. Quanta Services Inc. (NYSE:PWR)

Number of Hedge Fund Holders: 67

Quanta Services Inc. (NYSE:PWR) provides infrastructure engineering and construction solutions across the electric and gas utility, renewable energy, communications, and pipeline sectors globally. It designs, constructs, and maintains critical infrastructure, which includes power transmission and distribution, renewable energy facilities, and underground utility systems.

Roth MKM initiated coverage of the company on February 21 with a Buy rating and a $350 price target. Analysts emphasized that this engineering, procurement, and construction company is one of the best-positioned companies in supporting the electrical infrastructure build-out for data centers and AI. The company’s Renewable Energy Infrastructure Solutions segment is integrated into the Electric Infrastructure Solutions segment and achieved a record-high twelve-month total backlog in 2024.

The increasing demand for renewable energy sources, coupled with grid modernization needs, positions Quanta Services Inc. (NYSE:PWR) at the center of large-scale energy infrastructure development. The company’s diversified service lines, self-perform capabilities, and craft skill workforce allow for flexible resource deployment across various geographies, industries, and service lines. This approach is valued by clients as they navigate the evolving energy landscape.

While we acknowledge the growth potential of Quanta Services Inc. (NYSE:PWR), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PWR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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