Dj Ameresco Price Target Raised To $40.00/Share From $23.00 By Ubs

Wrapping up Q3 earnings, we look at the numbers and key takeaways for the energy products and services stocks, including Quanta and its peers.

Areas like the energy transition and emission reduction are thematic and front of mind today. This can be a double-edged sword for the energy products and services industry. Those who innovate and build new expertise can jolt demand while those who cling to legacy technologies or fall behind in the trending areas could see their market shares diminish. Bigger picture, energy products and services companies are still at the whim of construction and infrastructure project volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates.

The 4 energy products and services stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 0.8%.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.7% since the latest earnings results.

Best Q3: Quanta

A construction engineering services company, Quanta provides infrastructure solutions to a variety of sectors, including energy and communications.

Quanta reported revenues of $7.63 billion, up 17.5% year on year. This print exceeded analysts’ expectations by 2.8%. Overall, it was a very strong quarter for the company with an impressive beat of analysts’ backlog estimates and a solid beat of analysts’ adjusted operating income estimates.

"Quanta delivered another quarter of strong results, achieving double-digit growth in revenue, adjusted EBITDA and adjusted EPS compared to the prior year, alongside record backlog of $39.2 billion, which reflects accelerating demand in our Electric segment, robust activity across our end markets and momentum for 2026. These results demonstrate the power of our portfolio, the strength of our craft-skilled workforce and our ability to provide certainty through world-class execution for our customers as they modernize and expand critical infrastructure," said Duke Austin, President and Chief Executive Officer of Quanta Services.

Quanta achieved the highest full-year guidance raise of the whole group. The results were likely priced in, however, and the stock is flat since reporting. It currently trades at $452.40.

Read why we think that Quanta is one of the best energy products and services stocks, our full report is free.

Ameresco

Having played a role in upgrading the energy solutions of Alcatraz Island, Ameresco provides energy and renewable energy solutions for various sectors.

Ameresco reported revenues of $526 million, up 5% year on year, outperforming analysts’ expectations by 1%. The business had a strong quarter with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EBITDA estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 11.9% since reporting. It currently trades at $35.26.

Is now the time to buy Ameresco? Access our full analysis of the earnings results here, it’s free for active Edge members.

FTAI Infrastructure

Spun off from FTAI Aviation in 2021, FTAI Infrastructure invests in and operates infrastructure and related assets across the transportation and energy sectors.

FTAI Infrastructure reported revenues of $140.6 million, up 68.7% year on year, falling short of analysts’ expectations by 4%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EPS estimates.

FTAI Infrastructure delivered the fastest revenue growth but had the weakest performance against analyst estimates in the group. As expected, the stock is down 16.6% since the results and currently trades at $4.26.

Read our full analysis of FTAI Infrastructure’s results here.

MDU Resources

Founded to provide electricity to towns in Minnesota, MDU Resources provides products and services in the utilities and construction materials industries.

MDU Resources reported revenues of $315 million, up 8.7% year on year. This print beat analysts’ expectations by 3.3%. Zooming out, it was a slower quarter as it logged a significant miss of analysts’ EBITDA estimates and full-year EPS guidance missing analysts’ expectations.

MDU Resources delivered the biggest analyst estimates beat among its peers. The stock is up 5% since reporting and currently trades at $20.68.

Read our full, actionable report on MDU Resources here, it’s free for active Edge members.