Quanta Services: Will The Increased Demand For Data Centers Continue To Catalyze Top-Line Growth? 

Quanta Services, Inc. performed well in Q1 2024 with double-digit growth in revenue, adjusted EBITDA, adjusted earnings per share, and outstanding cash flow which reflects a solid start to the year. Quanta’s total backlog at the end of the quarter amounted to $29.9 billion which signifies the value of the collaborative client relationships and the future momentum expected in 2024. One key driver of this positive momentum is the increase in power demand due to widespread adoption of new technologies like artificial intelligence and data centers, and an accelerated energy transition driven by federal and state policies.