PWR data center stock momentum

PARAGRAPH 1 --- What happened: Quanta Services (PWR), a leading data center infrastructure provider, has seen its stock momentum surge. Citi and Bank of America Securities have raised their price targets, citing strong backlog and growth prospects. PWR has gained over 115% in the past year, driven by increasing demand for data centers and record orders. Google's utility deals to curb data center power use during peak demand also bodes well for the sector.

PARAGRAPH 2 --- Market impact: The data center sector is experiencing significant growth, benefiting companies like Quanta Services. This growth is driven by increasing data usage, cloud adoption, and renewable energy projects. PWR's strong performance has pushed its valuation higher, with analysts expecting continued growth. Other data center stocks, such as SanDisk and Western Digital, have also seen significant gains.

PARAGRAPH 3 --- What to watch next: Quanta Services' earnings report on May 10, 2026, will provide insights into its first-quarter performance and guidance for the rest of the year. Additionally, investors should monitor Google's utility partnerships, as they could set a precedent for other data center operators. Lastly, keep an eye on PWR's stock price action around the $733 price target set by Citi.