KoreaEnergy Transition & Power Demand▲
Quanta Services gains momentum with Russell index shift and Truist price target raise
Quanta Services has been reclassified out of several Russell midcap and value benchmarks and added to larger-cap, growth, and defensive Russell indexes, reflecting its evolution into a bigger, growth-oriented infrastructure player. Its subsidiary also announced a joint venture with Hyosung HICO to manufacture high-voltage circuit breakers in Pennsylvania, strengthening Quanta's U.S. power equipment footprint. Separately, Truist raised its price target on Quanta Services to $940 from $851 while maintaining a Buy rating, citing strong demand trends supported by secular growth tailwinds in power, data centers, and broader infrastructure.
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Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Supply
PWR · Capital · Positive Truist raised price target to $940 from $851, citing strong demand trends.
PWR · Demand · Positive Joint venture to manufacture high-voltage circuit breakers strengthens U.S. power equipment footprint, addressing demand.
004800.KO · Demand · Positive Hyosung's subsidiary enters a joint venture with Quanta to manufacture circuit breakers, expanding its U.S. market presence.