Jim Cramer backs Quanta Services stock as shares fall 3.30 percent

Published on 10/07/2026 at 16:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Quanta Services stock costs EUR 618.70 on October 7, 2026 after EUR 639.80. Second-quarter revenue reached USD 9.56 billion, up 41.10 percent year over year.

Schwarzweiß-Reportagefoto eines Schweißers bei der Pipeline-Verlegung im Erdgraben — Quanta Services Inc. (ISIN US74762E1029) verlegt Pipelines, Schweißer arbeitet dokumentarisch in Schwarzweiß im Graben, Illustration mit AI erstellt.

Quanta Services (ISIN US74762E1029) was trading at EUR 618.70 at Lang & Schwarz on October 7, 2026 at 4:01 p.m. CEST, down 3.30 percent versus the prior close of EUR 639.80. Jim Cramer called Quanta Services a terrific industrial stock in commentary published by Simply Wall St on October 7, 2026, citing the contractor's exposure to grid modernization, high-voltage work and data center power demand.

Revenue sets a higher bar

Quanta's second-quarter 2026 revenue reached USD 9.56 billion, a 41.10 percent increase from the comparable period and above the USD 8.61 billion consensus estimate, according to MarketBeat. Reported earnings per share were USD 4.24 against a USD 3.31 consensus estimate, a USD 0.93 difference.

The same July 30, 2026 results also give investors a quantified test for the infrastructure story. Quanta's revenue growth was paired with USD 451.4 million of net income attributable to common shareholders in the second quarter, while operating margin stood at 7.00 percent.

Guidance meets valuation risk

Quanta's updated fiscal 2026 outlook calls for revenue of USD 39.3 billion to USD 39.7 billion, adjusted earnings before interest, taxes, depreciation and amortization of USD 4.1 billion to USD 4.2 billion, and free cash flow of USD 2.0 billion to USD 2.5 billion, according to Simply Wall St.

That outlook raises the execution bar as Quanta integrates acquisitions and expands manufacturing capacity. The current market picture is demanding: the primary NYSE listing was last quoted at USD 692.49 on October 7, 2026 at 10:04 a.m. ET, while the 52-week range was USD 404.51 to USD 788.75.

Truist trims its target

Truist analyst Jamie Cook lowered the price target from USD 976.00 to USD 945.00 and maintained a Buy rating on October 5, 2026, according to Yahoo Finance. The change puts the analyst view against a stock whose market capitalization was USD 104.1 billion on October 7, 2026.

Stock trades below the yearly high

Quanta Services was trading at EUR 618.70 at Lang & Schwarz on October 7, 2026 at 4:01 p.m. CEST, down 3.30 percent versus the Lang & Schwarz prior close of EUR 639.80 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Quanta Services stock.