Quanta Services announced the pricing of a $2 billion offering of senior notes with maturities in 2029, 2033, and 2036, carrying interest rates between 4.85% and 5.55%. The offering is expected to close on August 6, 2026, with proceeds intended for general corporate purposes, including repaying existing borrowings under its commercial paper and senior credit facilities. This debt issuance allows Quanta to manage its capital structure and support ongoing operations in its infrastructure services business across multiple countries. The notes were priced slightly below face value and managed by a syndicate of major financial institutions.
Quanta Services has appointed Ellen Rubin to its Board of Directors, bringing her extensive expertise in AI, cloud computing, and cybersecurity. Rubin's leadership experience includes roles as CEO of AI and cloud companies and a current position at a...
Piper Sandler initiated coverage on Quanta Services with an Overweight rating and set a price target of $731, suggesting a 14.39% upside from the current price. The company is expected to see strong growth driven by high demand for electricity linked...
Robinhood Markets has received several bullish price target upgrades from analysts including StoneX, Goldman Sachs, Jefferies, and Cantor Fitzgerald, driven by the company's expansion beyond commission-free trading into prediction markets and IPO und...
Quanta Services reported a nearly 97% increase in net income to $451.4 million and a 41.1% rise in revenue to $9.56 billion in Q2 2026, fueled by strong demand in its infrastructure sectors. The company benefits from a record backlog of $53.4 billion...
