SURVYR
NEW 13F POSITION · EISLER Institutional Filing Alert

Eisler Capital (Edward Eisler · Multi-Strategy) opened a new position in PWR (13.5% of 13F portfolio)

Form 13F-HR institutional holdings disclosure · Filed 2026-10-16

Eisler Holdings › All Filing Alerts › SEC Filing ↗

PWR

Quanta Services, Inc.
$578.83
+$14.90 (2.64%)Oct 27 close
IndustrialsS&P 500 CompareTechnicals
Model valuationLeans undervaluedDCF base $883
1M3M6M1Y2Y
-8%+14%+36%+57%+79%Oct 2025Oct 2026Apr 202652w high $788.7552w low $408.36
PWRSPY
Wall St. Highest PT $945.00 (+63.3%) Wall St. Avg PT $760.39 (+31.4%)
$413$581$749$917$1,085POC $639Hi $945Avg $760
Underwater Drawdown %Max DD -30.4%Current -26.3%
0.0%-30.4%
Relative Strength vs SPY+17.6% vs SPYOutperforming
+81%0%-81%
1W
−$17.17 (2.88%)
1M
−$70.19 (10.81%)
3M
−$9.43 (1.60%)
6M
−$51.91 (8.23%)
YTD
+$157.10 (37.25%)
1Y
+$137.35 (31.11%)

Chart

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Ratings & dials

1m · 5m · 15m · 1h · 4h · 1D

Analyst & Morningstar ratings

Consensus · Targets · Morningstar
Wall Street analyst consensus
SellHoldStrong Buy
Strong Buy
29 analysts · mean score 1.45
1 = Strong Buy · 5 = Sell
Wall Street consensus
Analyst price targets
Current price$578.83
Average target$760.39
+$181.56 (+31.4%) upsideaverage target vs current price
CurrentAverageMedian
Low$410.00
Median$760.39
High$945.00
12-month Wall Street target range
Recent analyst rating changes · 30
Reiterated
2026-10-05 · Truist Securities reiterated Buy on PWR
Reiterated
2026-09-28 · Piper Sandler reiterated Overweight on PWR
Upgrade
2026-09-24 · Bernstein upgraded PWR from Market Perform to Outperform
Initiated
2026-09-09 · Piper Sandler started covering PWR at Overweight
Upgrade
2026-08-07 · Keybanc upgraded PWR from Sector Weight to Overweight
Reiterated
2026-08-03 · TD Cowen reiterated Buy on PWR
All analyst rating changes ›

Third-party ratings, not SURVYR.'s views.

Health check

Financial health
DistressGrey zoneSafe
Safe zone
Altman Z-score 4.5
Above 2.99 is the safe zone, below 1.81 the distress zone.
Quality
WeakAverageStrong
Average
Piotroski F-score 5 of 9
See the tests
  • ✓Positive net income
  • ✓Positive operating cash flow
  • ✗Return on assets improved
  • ✓Cash flow above net income
  • ✓Long-term debt / assets fell
  • ✗Current ratio improved
  • ✗No share dilution
  • ✓Gross margin improved
  • ✗Asset turnover improved

Computed by SURVYR. from the company's SEC filings (latest balance sheet Jun 30, 2026). Descriptive, not a forecast.

Key stats & company

Market value$82.2B
P/E (last 12 months)62.6
P/E (next 12 months, estimated)27.5
52-week range$408.36 – $788.75
Revenue growth (latest quarter vs a year ago)+41.1%
Dividend yield0.08%
Analyst consensusStrong Buy (29)
Average analyst price target$760.39 (+31%)

What they do

Quanta Services, Inc. offers infrastructure solutions for the electric and gas utility, power generation, load center, manufacturing, communications, pipeline, and energy industries. The company's Electric Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair. This segment offers aviation; emergency aerial firefighting services; emergency restoration; and other engineering and technical services.

Industrials · Engineering & Construction
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans undervalued
Model read-out from the numbers below, not advice. Score +2 (DCF counts double).
▲DCF (base case)above the price by 53%
▼Forward P/E vs sector27.5x vs median 17.5x
•Piotroski F-score5/9
▲Altman Z4.5 (safe)
▲Net debt / EBITDA1.0x
▲Analyst target+31% (29 analysts)

Discounted cash flow

Bear
$397
-31%
growth 18% · disc. 11.6% · term. 2.0%
Base
$883
+53%
growth 30% · disc. 10.6% · term. 2.5%
Bull
$1,608
+178%
growth 37% · disc. 9.6% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 17% a year for 10 years.
Implied
+17%/yr
FCF, last 3 yrs
+32%/yr
FCF, last 5 yrs
+14%/yr
Revenue, last 3 yrs
+19%/yr
Revenue, last 5 yrs
+21%/yr
Same inputs as the DCF above: trailing free cash flow 2.4B, 10.6% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.27 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Industrials

P/E (trailing)
sector median 26.2× · 92nd pct
 62.6×
pricier
Forward P/E
sector median 17.5× · 88th pct
 27.5×
pricier
EV / EBITDA
sector median 14.9× · 97th pct
 41.3×
pricier
Price / sales
sector median 2.2× · 54th pct
 2.5×
pricier
Price / book
sector median 3.5× · 85th pct
 8.5×
pricier
FCF yield
sector median 4.6% · 23rd pct
 2.9%
pricier

Forward EPS $19.90 vs trailing $8.73 (+128% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$33.5B
as of 2026-06-30
vs a year ago
+75%
YoY
× TTM revenue
1.02×
coverage
24-09
24-12
25-03
25-06
25-09
25-12
26-03
26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
15.5%
Operating margin
6.2%
FCF margin
7.3%
Net margin
4.0%
Return on equity
13.8%
Return on invested capital
13.5%
Net debt / EBITDA
1.0×
Current ratio
1.1×
Interest cover
6.9×
Cash conversion (OCF/NI)
2.4×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✓ Gross margin improved✗ Asset turnover improved

Altman Z-score 4.5 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$760
+31%
Analysts
29
Strong Buy
Range
$410–$945
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$28.5B$1.0B$1.6B
2024$23.7B$904.8M$1.5B
2023$20.9B$744.7M$1.1B
2022$17.1B$491.2M$702.7M
2021$13.0B$486.0M$196.5M
2020$11.2B$445.6M$855.9M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +18.6%.

For information only · Important disclosures

Grades vs sector

Momentum
88th percentile in sector
A-
12-1 return: +43.1%
Percentile within its GICS sector across the S&P 1500.
Growth
93rd percentile in sector
A
Revenue growth (YoY): +41.1%
Percentile within its GICS sector across the S&P 1500.
Value
6th percentile in sector
F
Forward E/P: 3.1% · EBITDA/EV: 3.0%
Percentile within its GICS sector across the S&P 1500.
Profitability
36th percentile in sector
C-
Profit margin: +4.0% · Return on equity: +15.3%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Systematic Models

Held by 1 of 7 live models: SURVYR. Physical AI Grid & Power.

SURVYR. Physical AI Grid & Power
7.0% of the book · HV Grid & Thermal Cooling (30%) sleeve · ranked 8 of 160
 HeldQuality Growth
ranked 40 of 360 · Composite (0-1) 0.7
 Momentum Top 15
ranked 72 of 499 · 12-month momentum 46.6%
 Momentum Blend
Not in the current book
 New Highs Growth
Outside this model's universe or screens
 SURVYR. Barbell Momentum & T-Bill Shield
Outside this model's universe or screens
 SURVYR. Long Book
Not in the current book
Why it's in the SURVYR. Physical AI Grid & Power #8 of 160

Qualified on 7.0% weight, #1 North American utility transmission & substation specialty contractor. Ranked 8th of 160 at the 2026-10-01 rebalance.

What would knock it out: Drops out if it falls outside the top 14 at the next rebalance (Oct 30).

Earnings & events

PWR earningsNext report in 2 days
Next report · quarter Sep 2026
Thu Oct 29, 2026Before the open
EPS consensus$4.99 range $4.50–$5.15
Revenue consensus$10.9B 23 analysts
Last 4 quarters · EPS vs estimate
Jul 30, 2026$4.24est $3.31+28.1%Above estimates
Apr 30, 2026$2.68est $2.03+31.8%Above estimates
Feb 19, 2026$3.16est $3.02+4.7%Above estimates
Oct 30, 2025$3.33est $3.26+2.2%Above estimates

In line = within 1% of the estimate.

Source: Yahoo Finance · report time: Nasdaq earnings calendar · refreshed 2026-10-24 11:16:15 ET
24-1025-0225-0525-0725-1026-0226-0426-070.004.24
EstimateActual (beat)Actual (miss)

Quarterly revenue

QuarterRevenueYoY
2026-06-30$9.6B+41.1%
2026-03-31$7.9B–
2025-12-31$7.8B–
2025-09-30$7.6B–
2025-06-30$6.8B–

Recent dividends

2026-10-01: $0.110 · 2026-07-01: $0.110 · 2026-04-02: $0.110 · 2026-01-02: $0.110 · 2025-10-01: $0.100 · 2025-07-01: $0.100 · 2025-04-03: $0.100 · 2025-01-02: $0.100

News & catalysts

More news
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Zacks · Oct 26
Vistra Stock Fell Nearly 10% in a Day After Meta’s Earnings. Here’s Why Its Forecast Already Discounts the Data Center Hype
TIKR · Oct 24

Research

Coteau Physical AI Grid & Power: rebalance of Oct 1, 2026Oct 26, 2026
Rating changes
Reiterated
2026-10-05 · Truist Securities reiterated Buy on PWR
Reiterated
2026-09-28 · Piper Sandler reiterated Overweight on PWR
Upgrade
2026-09-24 · Bernstein upgraded PWR from Market Perform to Outperform
Initiated
2026-09-09 · Piper Sandler started covering PWR at Overweight
Upgrade
2026-08-07 · Keybanc upgraded PWR from Sector Weight to Overweight
Reiterated
2026-08-03 · TD Cowen reiterated Buy on PWR

Third-party analyst actions, not SURVYR.'s views. All rating changes

Insider trades
None
None · None
Sell
–

Stats refreshed 2026-10-24 11:16:15 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Systematic research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

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Coteau 0.9 · Oct 21, 2026