On August 5, Quanta rose 3.12% in regular trading, trading at $701.505/share, with turnover of $269 million. The stock continued its upward momentum following the company's blowout second-quarter earnings report released on July 30.

Quanta reported Q2 adjusted EPS of $4.24, beating the analyst consensus estimate of $3.30 by approximately 28%. Revenue came in at $9.56 billion, well above the $8.61 billion expected and up from $6.77 billion a year earlier. More significantly, the company dramatically raised its full-year guidance, projecting adjusted EPS of $16.45 to $16.95, far exceeding both prior guidance of $13.55 to $14.25 and the market consensus of $14.01. Full-year revenue guidance was lifted to $39.3 billion to $39.7 billion, compared with the previous range of $34.7 billion to $35.2 billion and analyst expectations of $35.01 billion. The magnitude of the beat and the scale of guidance increases reflect strong demand across the company's electric power, renewable energy, and underground utility infrastructure segments.

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