Tetra Tech Lands $249M Army Corps Contract, Powering Eco-Friendly Projects Across US
Portfolio Pulse from Nabaparna Bhattacharya
Tetra Tech, Inc. (NASDAQ:TTEK) has been awarded a $249 million contract by the U.S. Army Corps of Engineers to provide environmental services across the U.S. This contract is expected to boost Tetra Tech's stock, which has already gained over 58% in the past year. Investors can also gain exposure through ETFs like Tidal ETF Trust Newday Ocean Health ETF (NYSE:AHOY) and iShares Environmental Infrastructure and Industrials ETF (NASDAQ:EFRA).
October 03, 2024 | 5:33 pm
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POSITIVE IMPACT
Investors can gain exposure to Tetra Tech's growth through the Tidal ETF Trust Newday Ocean Health ETF, which includes TTEK.
AHOY ETF includes Tetra Tech, providing investors with an opportunity to benefit from Tetra Tech's recent contract and stock performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The iShares Environmental Infrastructure and Industrials ETF offers exposure to Tetra Tech, benefiting from its recent contract win.
EFRA ETF includes Tetra Tech, allowing investors to capitalize on the company's recent contract and stock performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tetra Tech has secured a $249 million contract with the U.S. Army Corps of Engineers, enhancing its environmental services portfolio. This contract is likely to positively impact TTEK's stock price.
The $249 million contract with the US Army Corps of Engineers is a significant addition to Tetra Tech's portfolio, likely to enhance its revenue and market position. The stock has already seen a 2.35% increase, indicating positive investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100