01:30 AM EST, 11/04/2025 (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 12-month target by $71 to $467, 37.0x our next 12-month EPS estimate, a 2.0 standard deviation premium to its historical average forward P/E of 27.8x to reflect significant valuation momentum amid AI infrastructure enthusiasm. We keep our 2025 EPS view at $10.92, raise 2026 EPS by $0.21 to $12.85, and initiate 2027 EPS at $14.90. PWR delivered strong Q3 results with record revenue of $7.63B (+17.5% Y/Y) and backlog of $39.2B, announcing strategic expansions including a 3-gigawatt NiSource project through its new "total solutions" power generation platform. While fundamentals remain robust with double-digit revenue and EPS growth expected, we maintain our Hold opinion as current levels appear to fully discount optimistic AI infrastructure buildout scenarios. PWR's 59.0% premium to the S&P 500 is 2.3 standard deviations above its historical average, leaving limited room for disappointment in what remains a cyclical industry despite strong utility modernization and federal infrastructure tailwinds.