NEW YORK (AP) - Shares in Quanta Services Inc., which builds and maintains energy infrastructure, plunged Wednesday after the company issued a weaker-than-expected forecast for the fourth quarter.
Obama wins, futures move lower. European markets and U.S. futures traded lower overnight (see data below) as investors, perhaps, emerged from their election-induced elation and began thinking about the mess President-elect Barack Obama will inherit. Still, analysts at BNP Paribas were optimistic about the leadership change: "Obama has strong personal, political and institutional assets... his program is relatively well adapted to America's needs, in the fields of energy, healthcare, social cohesion and competitiveness." UBS analysts said winners of an Obama victory would be hospitals and nursing-home operators, life-sciences, natural gas firms, solar...
These infrastructure stocks continue to be out of favor on an "institutional money rotation away from global growth stories", but in the big picture I continue to believe the story is very interesting. Below is a series of stories entailing some of the opportunities and challenges we've discussed many times in the blog.
First, as we always say: America, the land of not addressing a problem until it's an emergency. And we have an emergency brewing in our infrastructure. The positive is, addressing this emergency can create many good, solid jobs for Americans. (These will be...
Four times a year, hedge funds & asset managers with > $100 million AUM (assets under management) are required to report to the SEC their holdings from the previous quarter. I check these 13F filings quarterly just to get a sense as to where these funds are putting their money sector wise. If you just sit down and do some simple number crunching between last quarter's 13F and this quarter's 13F, you can see exactly where these funds have been moving their money.
Please note, these 13F's should be treated as a lagging indicator simply because...
Quanta Services (PWR) is one of these stocks in the right place, right time - and a chart that despite being an "infrastructure" play, is still working. The company's website can be found here.
Quanta Services is a leading specialized contracting services company, delivering infrastructure network solutions for the electric power, natural gas, telecommunications and cable television industries. The company's comprehensive services include designing, installing, repairing and maintaining network infrastructure nationwide. Additionally, Quanta provides point-to-point fiber optic telecommunications infrastructure and leasing in select markets and offers related design, procurement, construction and maintenance...
HOUSTON , Nov. 25 /PRNewswire-FirstCall/ -- Quanta Services, Inc. (NYSE: PWR) today announced that the company will participate in the FBR Capital Markets Fall Investor Conference to be held on ...
By Brian D. Pacampara Based on the aggregated intelligence of 120,000 investors participating in Motley Fool CAPS, the Fool's free investing community, energy infrastructure company Quanta ...
Editor's note: This was originally published on RealMoney. It is being republished as a bonus for TheStreet.com readers. Please note that David Sterman will speak at "The Money Show -- Washington ...
AP 11.05.08, 5:44 PM ET NEW YORK (AP) - Shares of wedding Web site operator Knot Inc. retreated Wednesday ahead of its third-quarter earnings report, scheduled for Thursday. An analyst downgraded ...
NEW YORK (AP) - Shares in Quanta Services Inc., which builds and maintains energy infrastructure, plunged Wednesday after the company issued a weaker-than-expected forecast for the fourth quarter ...
Quanta Services (PWR) picked an especially inauspicious day to call attention to itself with a disappointing outlook. The stock has been looked at critically as it is, with shares down 40% since ...
(RTTNews) - Quanta Services (PWR | Quote | Chart | News | PowerRating) gapped open lower and has continued to tumble amid strong volume during the first 10 minutes of trading. The plummet comes ...
Quanta Services, Inc. (NYSE: PWR) reports Q3 EPS of $0.29, 3 cents better than the analyst estimate of $0.26. Revenue for the quarter was $1.05 billion, versus the consensus of $1.03 billion. Sees ...
LONDON (MarketWatch) -- Quanta Services Inc. said Wednesday that its third-quarter net profit rose 11% to $54.8 million from $49.3 million. Earnings per share fell to 29 cents from 31 cents after a steep increase in the number of shares outstanding. Revenue rose 60% to $1.05 billion. Adjusted earnings were 32 cents a share in the latest quarter. Analysts polled by FactSet had been expecting adjusted earnings of 28 cents a share in the latest quarter. The contracting services company said many of its customer are continuing to invest in infrastructure despite the economic environment and added it expects...
TEL AVIV (MarketWatch) -- Quanta Services Inc., the Houston provider of network solutions for the electric power, natural gas, telecommunications and cable-TV industries, named James F. O'Neil, 50, president and chief operating officer. O'Neil is currently senior vice president.
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