Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Quanta Services (NYSE: PWR) is trading at unusually high volume Wednesday with 6.4 million shares changing hands. It is currently at four times its average daily volume and trading up $2.32 (+9.8%) at $25.92 as of 2:40 p.m. ET.
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Quanta Services has a market cap of $4.94 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 9.6% year to date as of the close of trading on Tuesday. Quanta Services, Inc. provides specialty contracting services primarily in North America. The company has a P/E ratio of 22.1, above the average materials & construction industry P/E ratio of 21.7 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Quanta Services as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Quanta Services Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.