SOURCE: Wall Street Equity Research

Wall Street Equity Research

December 03, 2010 08:33 ET

Analyst Study on Chicago Bridge & Iron Company N.V. and Quanta Services Inc. - General Contractors See Spending Grow, No Cause for Optimism

JOHANNESBURG, SOUTH AFRICA--(Marketwire - December 3, 2010) - brings investors market knowledge on the aspects moving the general contractors stocks, and offers complete analytical research on companies like Chicago Bridge & Iron Company N.V. (NYSE: CBI) and Quanta Services Inc. (NYSE: PWR). Register with today to gain full access to our complimentary research on these general contractors stocks.

Construction spending in the U.S. grew 0.7% in October to $802.3 billion. This growth was driven primarily by power projects and public construction. Government spending increased to $33 billion, the highest level ever recorded. Analysts say this is no cause for optimism, however, as spending in the private sector remains depressed. Total construction spending is down 20.7% since last October. With growth opportunities uncertain in U.S. markets, companies within the General Contractor sector that have diverse international backlogs should be better positioned. is a specialized website where investors can have specific access to complimentary reports on general contractors industry; traders looking for analysis on Chicago Bridge & Iron Company N.V., Quanta Services Inc. and other players in the industry are welcomed to sign up for free at

Several factors have combined to inhibit the General Contractor sector's performance. Tentative capital markets that formed as a result of the global financial downturn have made it difficult for companies to secure new bookings. This has especially hurt construction levels in the hydrocarbon industry. However, now that the global economic environment has marginally begun to stabilize alongside of commodity prices, companies are seeing their backlogs strengthen once again. The growing prevalence of nuclear power contracts should further help the sector regain its footing. Visit us at to understand the catalysts and forces driving or affecting companies in the general contractors industry.

For the third quarter 2010, Chicago Bridge & Iron Company N.V. posted net income of $51.8 million on revenue of $909.1 million. Investors can register today at to download the full report on Chicago Bridge & Iron Company N.V.

Conversely, Quanta Services Inc saw revenue of $1.21 billion. Investors can access free research on Quanta Services Inc. now by signing up at

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