5 Best Engineering Stocks to Buy for 2024

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

Number of Q4 2023 Hedge Fund Shareholders: 51

Quanta Services, Inc. (NYSE:PWR) enables businesses to engineer and build their clean energy projects, maintain natural gas systems, install new power projects, and procure additional and associated services. After its full year 2023 results saw the firm beat analyst revenue estimates of $20 billion by posting $21 billion in the segment, Goldman Sachs raised its share price target to $259 from $227 and maintained a Buy rating.

By Q4 2023 end, 51 out of the 933 hedge funds covered by Insider Monkey’s research had invested in Quanta Services, Inc. (NYSE:PWR). William Harnisch’s Peconic Partners LLC owned the biggest stake which was worth $1.1 billion.

Follow Quanta Services Inc. (NYSE:PWR)

Disclosure: None. You can also take a look at 25 Fastest Growing Real Estate Markets in the World and 12 Best Medical Stocks to Buy Under $10.

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