Found this one on Fortune Top 10 stocks for 2010. Not sure whether it'd be a top one for me, but the idea is definitely worth exploring: Quanta Services is a contractor servicing electric power lines, gas, telecom, some other minor segments. Electric services include transmission (slight majority) and distribution - they design, maintain and built stuff. Utilities are expected to ramp up their spending, incentivized by the government. Another favorable trend - increasing outsourcing by utilities. Quanta also has a small business constructing wind and solar farms, fast growth here obviously. The struggling segments are gas - with prices down and housing market still in the doldrums (and part of the business is distribution - connecting houses with gas pipes), the market recovery timing is unclear.
Analyst expect very rapid recovery in gas - unclear why. I believe the story on electric power, but with current EPS at ~0.8, and share price at 20, there seem to be better opportunities to invest, especially given the uncertainty on timing of market recovery. Worth keeping an eye on though.
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