Quanta Services (PWR) Positioned to Benefit From Rising Power Infrastructure Investment

4 days ago 8

Attiya Zainib

Tue, February 17, 2026 astatine 7:32 AM CST 3 min read

Sands Capital Management, LLC's Technology Innovators Fund released its Q4 2025 capitalist missive for "Technology Innovators Fund". A transcript of the missive tin beryllium downloaded here. The Fund delivered mixed show during the 4th fourth of 2025, arsenic marketplace returns were progressively driven by a constrictive radical of large-cap maturation stocks, with the portfolio’s apical 10 holdings accounting for astir 59% of assets, portion respective high-valuation innovation names faced unit from slowing momentum and capitalist hazard aversion. The fund’s results reflected stock-specific challenges alternatively than wide macroeconomic shocks, with weaker show successful definite emerging exertion holdings offset by spot successful prime level and infrastructure businesses. During the quarter, the portfolio declined 6.3% connected a quarter-to-date basis, and the money generated a 14.7% instrumentality implicit the 1 year, reflecting stock-specific challenges alternatively than wide macroeconomic shocks, with weaker show successful definite emerging exertion holdings offset by spot successful prime level and infrastructure businesses. Management emphasized its semipermanent concern horizon, noting an mean yearly portfolio turnover of 21%, and stated that galore portfolio companies continued to make coagulated full-year net maturation successful 2025, supported by durable gross models tied to artificial intelligence, unreality computing, and integer transformation, adjacent arsenic enthusiasm for speculative maturation faded precocious successful the quarter. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its fourth-quarter 2025 capitalist letter, Sands Capital Technology Innovators Fund highlighted stocks similar Quanta Services, Inc. (NYSE:PWR). Quanta Services, Inc. (NYSE:PWR) provides engineering and operation services focused connected utilities, vigor infrastructure, and telecommunications projects. The one-month instrumentality of Quanta Services, Inc. (NYSE:PWR) was 12.28% portion its shares traded betwixt $227.08 and $524.08 implicit the past 52 weeks. On February 13, 2026, Quanta Services, Inc. (NYSE:PWR) banal closed astatine astir $515.88 per share, with a marketplace capitalization of astir $78.15 billion.

Sands Capital Technology Innovators Fund stated the pursuing regarding Quanta Services, Inc. (NYSE:PWR) successful its Q4 2025 capitalist letter:

"However, with powerfulness request increasing, we are present expanding that instauration into areas that assistance with vigor supply. These see companies specified arsenic Quanta Services, Inc. (NYSE:PWR), which provides engineering and operation services for transmission, distribution, and grid hardening initiatives, oregon WEG, which provides transformers, motors, and precocious grid equipment. We are besides exploring opportunities successful state powerfulness generation, on-site powerfulness generation, and atomic powerfulness that helps broaden and diversify sources of powerfulness supply. Importantly, we deliberation the powerfulness request drivers that we spot emerging successful the United States volition yet beryllium replicated by the remainder of the world, providing important duration to this trend."

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