Louis Navellier’s Top 10 Stock Picks Heading into 2025

5. Quanta Services Inc. (NYSE:PWR)

Navellier & Associates’ Stake Value: $17.55 million

Number of Hedge Funds Holders: 58

Quanta Services Inc. (NYSE:PWR) delivers infrastructure services to the electric power, pipeline, industrial, and communications sectors. Its offerings encompass planning, design, installation, program management, maintenance, and repair of diverse network infrastructures.

In its third-quarter results, the company reported revenues of $6.5 billion, a net income of $293.2 million, and adjusted earnings per share of $2.72. Quanta Services also achieved a record-breaking $34 billion in total backlog. The recent acquisition of Cupertino Electric has bolstered its capabilities in technology and data centers, with anticipated revenues of $1 billion to $1.1 billion stemming from the deal.

While the company faced costs related to Hurricanes Beryl and Helene, Quanta remains optimistic about its growth trajectory. It forecasts double-digit EPS growth for 2025 and expects EPS to reach $11 to $12 by 2026. Additionally, the renewable energy segment is projected to deliver double-digit margins by 2025.

On November 4, DA Davidson raised its price target for Quanta Services stock from $260 to $295, maintaining a Neutral rating. The upward revision reflects improved 2025 estimates and new preliminary forecasts for 2026, signaling confidence in the company’s long-term growth potential.