Quanta Services, Inc. (NYSE: PWR) is capitalizing on strong demand for its services, driven by multi-year customer initiatives focused on modernizing and strengthening utility infrastructure, expanding renewable energy generation and transmission infrastructure, and shifting toward a low-carbon economy. Quanta stock has gained 18% so far this year, outperforming the Zacks Engineering - R and D Services industry's 17.2% growth. This Zacks Rank #3 (Hold) stock is also expected to gain from prudent growth strategies and accretive acquisitions. Image Source: Zacks Investment Research Yet, the cyclical nature of the business, oil & gas volatility and regulatory issues are headwinds. Nonetheless, the company's earnings per share estimate for 2024 and 2025 has moved north in the past 60 days to $8.44 and $9.56 per share from $8.42 and $9.52 per share. The estimated figure reflects a growth rate of 17.9% and 13.2% year over year, respectively. The growth prospect is further solidified with a VGM Score of B, led by a Growth Score of A and a Momentum Score of A. The positive trend signifies bullish analysts' sentiments, robust fundamentals and prospects of an outperformance in the near term. Let's take a look at the factors supporting the growth. High Infrastructural Demand: Quanta is capitalizing on robust infrastructural demand by leading advancements in ...