Check Out What Whales Are Doing With PWR - Quanta Services (NYSE:PWR)

Core Insights - Investors are showing a bullish sentiment towards Quanta Services (NYSE:PWR), with significant options trading activity indicating potential upcoming developments [1][2]. Options Trading Activity - Recent options trades for Quanta Services revealed a strong bullish sentiment, with 75% of trades being bullish and only 12% bearish. The total amount for calls was $1,595,410 compared to $42,350 for puts [3]. - The price range targeted by large investors over the last three months is between $400.0 and $480.0 [4]. Volume and Open Interest Trends - An analysis of the volume and open interest for Quanta Services' options indicates a growing interest in the stock, particularly within the strike price range of $400.0 to $480.0 over the past 30 days [5]. Significant Options Trades - Notable options trades include bullish sweeps for calls at $400.00 and $480.00, with significant amounts of $607.5K and $459.0K respectively [9]. Company Overview - Quanta Services is a leading provider of specialty contracting services, focusing on infrastructure solutions for electric and gas utilities, communications, pipelines, and energy sectors in the U.S., Canada, and Australia. The company operates under two segments: electric infrastructure and underground utility and infrastructure [10]. Current Market Status - Analysts have issued ratings for Quanta Services, with a consensus target price of $471.5. Bernstein maintains a Market Perform rating with a target of $428, while JP Morgan upgraded its rating to Overweight with a target of $515 [12][13]. - The current trading volume for Quanta Services is 495,004, with the stock price at $425.0, reflecting a 0.88% increase [15].