Louis Navellier’s Top 15 Long-Term Stock Picks

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

Number of Hedge Fund Holders: 58   

Navellier & Associates’ Stake: $17.5 million

Quanta Services, Inc. (NYSE:PWR) is a corporation providing different infrastructure services for electric power, communication, industrial, and pipeline industries. Enhanced financial performance, acquisition of Cupertino Electric, and involvement in renewable energy projects like SunZia make Quanta Services an appealing company for investment. For instance, according to the report of the third quarter of 2024, Quanta Services delivered double-digit growth in multiple financial metrics, reaching a total backlog of $34 billion and generating a free cash flow of $539.5 million. This perfectly portrays the company’s strong operational efficiency and financial health, which is improving each year. Moreover, Quanta’s acquisition of Cupertino Electric, a premier electrical infrastructure solutions provider to the technology and renewable energy industries, diversifies the company’s customer base and positions for growth. Lastly, the company’s selection for the SunZia Transmission and SunZia Wind Projects also shows its capability in large-scale renewable energy infrastructure.

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