Quanta Services Inc. is positioned as a top engineering stock to invest in

From Yahoo Finance: 2025-04-02 15:30:00

The global engineering services market was valued at $3.26 trillion in 2023, projected to grow at a CAGR of 5.5% from 2024 to 2030 due to technological advancements, urbanization, and environmental regulations driving infrastructure development worldwide.

Quanta Services Inc. (NYSE:PWR) provides infrastructure engineering solutions globally, ranking 1st on the list of best engineering stocks to invest in now. Roth MKM initiated coverage with a Buy rating, highlighting its position in supporting electrical infrastructure build-out for data centers and AI.

With a record-high backlog in 2024, Quanta Services Inc. (NYSE:PWR) is at the forefront of large-scale energy infrastructure development, meeting renewable energy demands and grid modernization needs. The company’s diversified service lines and workforce flexibility are valued by clients navigating the evolving energy landscape.

Read more: Is Quanta Services Inc. (PWR) the Best Engineering Stock to Invest in Now?