B. Riley Analyst Views Quanta's Valuation 'Full,' Sees 5% Downside


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


  • B. Riley analyst Alex Rygiel raised Quanta Services Inc (NYSE:PWRprice target to $107 (implying a downside of 5%) from $92 and maintained a Neutral rating on the shares. 
  • Rygiel increased estimates for the acquisition of Blattner and moved his valuation forward from 2021 to 2022 EBITDA estimates. However, the analyst believes Quanta's valuation is full.
  • Recently, Quanta Services completed the previously the acquisition of Blattner Holding Company, a utility-scale renewable energy infrastructure solutions provider in North America, for consideration of ~$2.7 billion.
  • Price Action: PWR shares are trading lower by 0.61% at $112.45 on the last check Friday.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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Posted In: Analyst ColorNewsPrice TargetReiterationAnalyst RatingsBriefs