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An update from Aecon Group Inc. ( (TSE:ARE) ) is now available.
Aecon Group Inc., in a joint venture with AtkinsRéalis, has been awarded a significant contract by Ontario Power Generation for the refurbishment of four units at the Pickering Nuclear Generating Station. The contract, valued at approximately $2.1 billion, includes early works and definition phase activities, with Aecon holding a 50% interest. This project builds on Aecon’s successful track record with nuclear refurbishments, notably the Darlington Project, and highlights the company’s pivotal role in delivering clean and reliable energy solutions, thereby boosting Ontario’s nuclear supply chain and meeting future electricity demands.
More about Aecon Group Inc.
Aecon Group Inc. is a North American construction and infrastructure development company with global experience. It provides integrated solutions to private and public-sector clients through its Construction segment in sectors such as Civil, Urban Transportation, Nuclear, Utility, and Industrial. Aecon also offers project development, financing, investment, management, and operations and maintenance services through its Concessions segment.
YTD Price Performance: -10.32%
Average Trading Volume: 330,441
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.53B
For an in-depth examination of ARE stock, go to TipRanks’ Stock Analysis page.
