JP Morgan Downgrades Quanta Services to Neutral, Announces $714 Price Target

Is Quanta Becoming the Biggest Winner From America's AI Buildout?

Quanta Services (PWR) is emerging as a major beneficiary of AI-driven infrastructure expansion, with a record $53.4B backlog supported by utility generation, transmission, and technology load center projects. The company's recent acquisitions and joint venture are expected to add $1.2-$1.4B in 2026 revenues and $120-$140M in EBITDA. PWR's ability to self-perform 80-85% of its work positions it well to capture growing infrastructure investment opportunities.

Bitcoin Jumps Above $77,000, Gold Hits 3-Month Highs: Stock Market Today

Stocks steadied Friday as bond yields stabilized, Robinhood and Coinbase surged on CLARITY Act optimism, and gold hit a three-month high.

A 10-Year Treasury Bond Now Pays More Than 118 Of America's Biggest Companies

Only 3.85% of S&P 500 stocks now yield more than the 10-year Treasury, the lowest since May 2007. Benzinga found 118 mega-caps that pay less.

Shares of data center-related companies are trading lower as inflation fears and soaring bond yields dampen investor appetite for high-growth stocks that rely heavily on customer capex funded through borrowing.