Renewable Energy Infrastructure Aids Quanta (PWR) in Q2 Earnings

Quanta Services Inc.'s (PWR) shares declined 4% during the Aug 1 trading session after it released its secondquarter 2024 earnings. The market's negative reaction likely stemmed from the mixed results, wherein its earnings fell short of the consensus mark and revenues surpassed the same. Additionally, lower-than-expected performance in two of its three segments — Electric Power Infrastructure Solutions and Underground Utility and Infrastructure Solutions — may have further contributed to the decline. Noneth ...