How Quanta Services (PWR) Is Riding the Utility Buildout Beh…

Quanta Services, Inc. (NYSE:PWR) is one of the best grid modernization stocks to buy for AI infrastructure.

On April 30, Reuters reported that Quanta Services, Inc. (NYSE:PWR) raised its 2026 profit forecast after stronger demand from large-load industries such as AI data centers boosted its results. The company now expects 2026 adjusted earnings of $13.55 to $14.25 per share, above analysts’ average estimate of $13.09 per share, according to LSEG data cited by Reuters. Reuters also noted that Quanta benefited from hyperscaler investment in artificial intelligence data centers, while its first-quarter revenue rose to $7.87 billion from $6.23 billion a year earlier.

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The company’s backlog gives the story more weight for a grid-modernization list. Quanta reported a total backlog of $48.5 billion at the end of the first quarter, including $40.1 billion in its Electric segment, which covers the power delivery work needed as utilities, generators, and large-load customers expand their infrastructure. Management also said Quanta is positioned around converging utility, generation, and large-load markets, which it estimated at a $2.4 trillion addressable market through 2030.

Quanta Services, Inc. (NYSE:PWR) provides infrastructure solutions for utility, renewable energy, power generation, communications, pipeline, and energy industries, including design, installation, repair, and maintenance services for energy and load-center infrastructure.

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While we acknowledge the potential of PWR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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While we acknowledge the risk and potential of PWR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PWR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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