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    • Mon Jun 23rd 18:58 PM
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      Quanta Services: Piggybacking on the Alternative Energy Boom
      echotoall and kenw1806 have clearly done their homework - ranjit has not. PWR is now #1 in high-end transmission projects (by virtue of IFS acq), and competition is limited due to industry labor constraints. The driver here is grid upgrades and wind projects, both which require thousands of miles of transmission line. At a recent conference, the CFO said 50% of the projects it is bidding on are wind-related, and he expects wind sales to go from $50 mil last yr to $250-$300 mil this yr. Sure, they're doing "a couple of wind projects" right now, but the stock is already looking ahead to what PWR can do in 2009. Your analysis of their wind business is very backward-looking. I would suggest researching the government's new grid reliability standards and renewables mandates, along with what the Public Utility Commission of Texas (PWR's home state) is doing, and what it all means for PWR's transmission business.
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