PWR - Quanta Services

Top holding in PAVE and Grid ETFs, showing a perfect textbook first pullback to the 50-day moving average after a breakout. A swing trader's universal rule is to buy the first pullback to the 50-day MA. Benefits from the macro tailwind of AI power grid expansion.

Quanta Services is crucial for building the grid and has a record backlog, indicating strong future growth.

Described as the largest electrical infrastructure contractor in North America, essential for connecting new power to the grid. It has a record backlog of $48.5 billion, up 37% year-over-year, and management raised 2026 revenue guidance.

Engineering and construction company focused on electric power, oil, gas infrastructure. Described as a backbone of every mega trend.

Largest grid infrastructure contractor in North America. Builds transmission lines and substations. Has $44 billion backlog (3 years of revenue locked in). Signed deal with NiSource for 3 GW of new grid capacity. Stock up 43% in 6 months.

Largest specialty electric power contractor in North America; already had a massive backlog at end of 2025 that keeps growing; described as 'the construction crew of the American energy buildout'

Highlighted as the top holding of the PAVE ETF. Quanta Services is described as the leading specialty contractor in North America providing end-to-end infrastructure buildout including planning, design, installation, maintenance, and repair of transmission lines, renewable energy facilities, and broadband.

Mentioned as one of Tangler's six picks. Not a household name but capitalizing on electrification, AI data centers, and domestic manufacturing infrastructure as long-term tailwind. Earnings are compounding. No detailed financial analysis performed in the video.