08:05 AM EDT, 08/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our target price by $31 to $396, at 33.0x our next-12-month EPS view of $12.00 (31.3x our 2026 EPS). Our valuation reflects PWR's momentum trading profile, as the stock has historically traded at 1.5 standard deviations above its three-year avg. forward P/E baseline, translating to a +6.4x premium over the current three-year avg. of 26.6x, yielding our 33.0x target multiple. We raise our EPS estimates by $0.09 to $10.92 for 2025 and $0.26 to $12.64 for 2026 on strong fundamentals, including a record total backlog of $35.8B (+14.5% Y/Y) and remaining performance obligations of $19.2B (+33.4% Y/Y), indicating robust demand visibility. This is bolstered by PWR's $1.35B acquisition of Dynamic Systems, which significantly expands its addressable market in data center infrastructure. We like PWR's proactive approach to capitalize on AI adoption and advanced computing demands, though we note that data center construction growth has moderated from the 60%-80% rates of 2023-early 2024 to 28% as of June 2025.