Stock Market Flashcards
What has driven PWR stock performance ?
The Biden presidential administration is expected to invest significantly in renewable energy and energy conservation. Quanta should be able to capitalize on this, as it has increasingly been providing design and development services for wind and solar projects, and is also a leader in smart grid technology. Moreover, there is a growing trend of outsourcing among U.S. utilities, partly due to aging workforces and this should also help Quanta. The company could also see some tailwinds from the continued deployment of 5G in the U.S., as the small cells for 5G networks are likely to need to utilize electric distribution infrastructure to co-locate antennae at the top of power poles, calling for services provided by the likes of Quanta.
