Quanta Services Inc

Quanta Services surged 3.58% to $707.74, fueled by AI-driven power-grid demand, a record $48.5 billion backlog, and raised 2026 guidance, outperforming major indexes.

Quanta Services shares slipped 2.5% Friday, capping a 1.6% weekly decline. The stock remains near 10% below its May peak as investors weigh a buyback, analyst upgrade, and project risks.

Quanta Services shares jumped $71.30 to $699.90 after Q1 earnings beat and raised 2026 guidance, powered by a record $48.5 billion backlog.

SOLV Energy's stock surged 22.7% to $30.67 on its first trading day, raising $512.5 million in its IPO. The solar and storage specialist begins trading under ticker MWH.