PWR…
Nice action today with PWR. Looks to want to continue its uptrend, but 34 may provide some resistance. It is consolidated, with potential room to run.
As for valuation, its seems pricey, but when using proper growth estimates and historic PE with respect to construction/consultants, valuation is not bad at all. Use this linked valuation calculator to see what I mean. See model… w/EPS as 0.84, growth of 20.0% (as indicated by the CC today), Est Required Rate of reture at 10.5%, Terminal Adjusted PE of 23.6% (but this should be in the 30s).
A current price of 37 is given, with a 5yr projected price of 60. The company is not overvalued, if using the proper estimates.
