Workflow
Utility Contracting
icon
Search documents
Aecon Utilities completes acquisition of high-voltage testing, commissioning and metering solutions contractor KPC
Globenewswire· 2026-01-06 21:15
Core Viewpoint - Aecon Group Inc. has successfully completed the acquisition of K.P.C. Power Electrical Ltd. and K.P.C. Energy Metering Solutions Ltd., enhancing its capabilities in the utilities sector and positioning itself for future growth opportunities in grid modernization and infrastructure upgrades [1][2]. Company Overview - Aecon Group Inc. is a North American construction and infrastructure development company that provides integrated solutions across various sectors, including Civil, Urban Transportation, Nuclear, Utility, and Industrial [3]. - Aecon Utilities, a subsidiary of Aecon, specializes in utility infrastructure solutions in Canada and the U.S., focusing on electrical transmission, renewables, telecommunications, and pipeline distribution [4]. KPC Overview - KPC offers utility contracting solutions, specializing in high-voltage testing, commissioning, and energy metering solutions, with a strong commitment to safety and quality [5].
MasTec (MTZ) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2025-07-17 17:01
Core Viewpoint - MasTec (MTZ) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling pressure that affects stock prices [4]. MasTec's Earnings Outlook - MasTec is projected to earn $6.07 per share for the fiscal year ending December 2025, with no year-over-year change expected [8]. - Over the past three months, the Zacks Consensus Estimate for MasTec has increased by 10.1%, reflecting a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions and potential for market-beating returns [9][10].