Quanta Services Stock Pauses; What’s Next for PWR
Quanta Services shares fell 2.5% Friday to $711.73, capping a 1.6% decline for the Memorial Day-shortened week. The stock remains nearly 10% below its May 6 peak. Investors weigh a $1 billion buyback, a recent Oppenheimer upgrade, and ongoing risks tied to power-grid and data-center projects. Quanta’s board approved an $0.11 dividend, payable July 13 to shareholders of record July 1.