Quanta Services Inc

PWR remains entrenched in a Stage 4 decline with a bearish medium-term bias. Price is below declining EMAs and the 50 SMA, forming lower highs and lower lows. Extreme oversold and exhaustion signals introduce relief-bounce risk, warranting patience. Trim into rallies toward the 9/21 EMA resistance zone rather than initiating fresh sells at current levels.

• ↑Record $48.5B backlog fueled by utility modernization & AI demand.
• ↑FY25 revenue rose 20% to $28.5B; adjusted EPS +20%.
• ↓Forward P/E at 89.5x vs. industry 42.1x signals overvaluation.