Скачать или смотреть Quanta Services (NYSE: PWR): ⚡ $39.2B Backlog Moat vs. The 60x Execution Hurdle

Welcome back to Griffonomics, where we conduct financial investigations to define the risk before we look at the reward. Today, we're diving into Quanta Services, Inc. (PWR).

The Risk: We analyze the high *60x forward P/E valuation* that makes it a difficult hurdle for future returns. We detail the *acute skilled labor scarcity* (inside wireman/mechanical trades) that limits scaling capacity. We examine the structural risk of *inflation/macro CapEx cuts* and the persistent need for *risk mitigation* against *fixed-price contract overruns* and **pipeline volatility**.

The Reward: We define PWR's scale: a *record $39.2 Billion backlog* with *$32.64 Billion* in the *Electric segment**. We highlight the **+80% self-perform moat* that ensures schedule certainty and the strong Q3: *$7.66 Billion Revenues* and *$3.33 Adjusted Diluted EPS**. We detail the strategic execution: the **DSI acquisition* enables Quanta to cover *60% of data center scope**, and the **NiSource JV* (3 GW CCGT) and *AEP 765 kV* partnerships guarantee access to the largest, most derisked infrastructure projects.

🎥 Video Chapters
Intro: Defining the PWR Thesis and the Core Conflict
Financial Power: Record Q3 Results and the $10.83 EPS Guidance
The Backlog Moat: $39.2 Billion and High-Voltage Transmission Upside
Strategic Acquisitions: DSI and the Data Center Total Solutions Platform
Risk Mitigation: Collaborative Contracts and the Self-Perform Moat
FINAL VERDICT: Execution Certainty vs. The High Valuation Hurdle


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