Mizuho cut its target to USD 684.00 for Quanta Services stock
Published on 10/08/2026 at 16:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
Das Wichtigste in Kürze
- Mizuho cut its Quanta Services price target from USD 741.00 to USD 684.00 on October 7, 2026.
- Second-quarter revenue rose 41.10 percent year over year to USD 9.56 billion.
- The Lang & Schwarz quote was EUR 619.50 on October 8, 2026, down 1.68 percent from EUR 630.10.
- Quanta Services reported a USD 53.00 billion backlog and 2026 revenue guidance of USD 39.30 billion to USD 39.70 billion.
Quanta Services stock was at EUR 619.50 at Lang & Schwarz on October 8, 2026 at 4:09 p.m. CEST, down 1.68 percent from the prior close. Mizuho cut its price target from USD 741.00 to USD 684.00 on October 7, 2026, according to Markets Insider.
Three events reshape the outlook
On July 30, 2026, Quanta reported second-quarter revenue of USD 9.56 billion, up 41.10 percent year over year, and adjusted earnings per share of USD 4.24, above the USD 3.31 consensus estimate, as MarketBeat reported.
On September 24, 2026, Zacks said Quanta had raised 2026 revenue guidance to USD 39.30 billion to USD 39.70 billion and adjusted earnings-per-share guidance to USD 16.45 to USD 16.95.
On October 7, 2026, Mizuho lowered its target from USD 741.00 to USD 684.00 while keeping a Neutral rating, according to Markets Insider.
What does the backlog mean for cash flow?
Quanta's backlog reached USD 53.00 billion on September 24, 2026, while its 2026 free-cash-flow outlook stood at USD 2.00 billion to USD 2.50 billion, according to Zacks. The combination gives the revenue outlook a visible contracted-work base, but execution, permitting and supply-chain constraints remain material considerations identified in the same September 24 analysis.
That backlog was higher than the USD 48.50 billion level cited for the first quarter of 2026 by Zacks. The comparison matters because Quanta is translating demand from utility generation, grid modernization and technology load centers into a larger forward-work position.
Next dates carry two different signals
Quanta's next dividend payment is scheduled for October 9, 2026, after a USD 0.11 per-share quarterly dividend, according to MarketBeat. The next earnings report is listed for October 29, 2026 by StockHub, with consensus revenue of USD 10.90 billion and consensus earnings per share of USD 4.99.
Euro quote sits below the prior close
At Lang & Schwarz, Quanta Services was trading at EUR 619.50 on October 8, 2026 at 4:09 p.m. CEST, down 1.68 percent versus the prior close of EUR 630.10. The NYSE-listed stock had a USD 104.40 billion market capitalization and a USD 404.51 to USD 788.75 52-week range as of October 8, 2026.
The further course of trading is shown by the continuously updated real-time quote of Quanta Services stock.
Quanta Services stock facts
- Company: Quanta Services, Inc.
- ISIN: US74762E1029
- Ticker: PWR
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 8, 2026, 4:09 p.m. CEST): EUR 619.50
- Change versus prior close: minus 1.68 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 630.10
- Market capitalization: USD 104.4 billion (as of October 8, 2026)
- 52-week range: USD 404.51-788.75 (as of October 8, 2026)
- Sector / Industry: Industrials / Engineering and Construction
Market context: Market report S&P 500.
