Quantas Services (PWR) looks like a winner. Do you agree??

I was thinking of Quantas Services (PWR) stock for a while and I wanted everyone%26#039;s input on it. It%26#039;s balance sheet looks great, management is solid and they are the leaders in their growing industry.

Feb 15 (Reuters) - Credit Suisse said it is adding utilities contractor Quanta Services Inc (PWR.N: Quote, Profile, Research) to its U.S. focus list, while removing Caterpillar Inc (CAT.N: Quote, Profile, Research) and Qualcomm Inc (QCOM.O: Quote, Profile, Research).

With the recent acquisition of InfraSource Services, Quanta is now the largest transmission and distribution contractor in the United States, the brokerage said. It has an %26quot;outperform%26quot; rating and a price target of $40 on the stock.

Quanta shares, which have fallen almost 25 percent over the last three months, were trading up more than 3 percent at $21.98 in early morning trade on the New York Stock Exchange.

Credit Suisse said the recent weakness in Quanta%26#039;s stock had been mainly driven by recessionary concerns, adding that it believes the selloff to be overdone.

The brokerage noted that Quanta has virtually no net debt on its balance sheet and generates free cash flow.

Quantas Services (PWR) looks like a winner. Do you agree??

JP Morgan recently upgraded the stock. PE is a bit rich at 38, and they are trading at 1X this years revenue estimates. Looks ok, perhaps wait and see if you can get it under $20 a share.