Looking at our operating segments in more detail. Our Electric Power segment 12-month backlog as of the end of the second quarter increased 55.6%, and total backlog increased 22.5% as compared to the second quarter of 2010. We believe this industry is in early stages of unprecedented levels of transmission investment, as utilities interconnect new renewable energy-generating facilities to the electric grid and implement grid reliability initiatives. We are seeing a number of large electric transmission projects yet to be awarded in -- for the remainder of this year and in 2012.Read the rest of this transcript for free on seekingalpha.com
Quanta Services' CEO Discusses Q2 2011 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.