Quanta Services, Inc. (PWR) was a big mover last session, as the company saw its shares increase 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $28.73 to $29.67.
This electrical contracting and maintenance services company has seen 8 positive revisions in the last 2 months and its Zacks Consensus Estimate moved higher over the same time frame. This suggests that more solid trading could be ahead for Quanta Services. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Quanta Services currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other stocks in the broader construction sector worth considering include CaesarStone Sdot-Yam Ltd. (CSTE) and Winnebago Industries, Inc. (WGO). Both carry a Zacks Rank #1 (Strong Buy). Another player in the engineering/research and development industry, which looks attractive at current levels, is VSE Corp. (VSEC), also with a Zacks Rank #1.
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