KBR, Inc. ( KBR Quick Quote KBR - Free Report) has nabbed a contract from Taiwan's state-owned oil company, CPC Corporation, for its market-leading Rose technology. Shares of KBR gained 1.1% during the trading session on Apr 13, 2022. Per the contract, KBR will provide a license, basic engineering and proprietary equipment to CPC for its ROSE supercritical Solvent De-Asphalting (SDA) technology and Vacuum Distillation Unit (VDU). Pertaining to the last award, Doug Kelly, KBR president, Technology, said, “KBR's design features an innovative integration solution between the VDU and ROSE unit, which significantly reduces the project's carbon footprint.” The demand for KBR’s technologies across ammonia for food productions, olefins for non-single-use plastics, and in refining for product diversification and more green solutions to meet tighter environmental standards has been going strong. Being a leader in residue upgrading technologies, KBR has the largest installed base and has been involved in the licensing, design, engineering, and/or construction of 70 ROSE units worldwide, with a combined licensed capacity of nearly 1.6 million barrels per stream day. Overall, the determination to lower emissions, product diversification, energy efficiency, and more sustainable technologies and solutions have been driving KBR’s performance. At present, the company’s ROSE technology — which delivers 50% energy savings compared to conventional SDA technologies — is a cost-effective residue upgrading process. It enables refiners to produce higher grade, cleaner products while reducing the facility's carbon footprint. KBR has been performing pretty well. KBR’s solid backlog level of $14.97 billion (as of Dec 31, 2021) highlights its underlying strength. This was backed by a solid contract-winning spree, strong project execution, and impressive performance of its government and technology businesses. KBR’s solid prospects are backed by continuous contract wins, strong project execution, backlog level, and potential government as well as technology businesses. KBR’s shares have gained 12.7% year to date, outperforming the Zacks Engineering - R and D Services industry’s 3.9% rise. Image Source: Zacks Investment Research Zacks Rank
Currently, KBR carries a Zacks Rank #2 (Buy). You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Other Top-Ranked Stocks From the Broader Construction Sector Tri Pointe Homes ( TPH Quick Quote TPH - Free Report) currently holds a Zacks Rank #1. This Irvine, CA-based homebuilder has been gaining from higher pricing and improved operating leverage. Cost-cutting initiatives and focus on entry-level buyers have been adding to the positives. Tri Pointe Homes’ earnings are expected to grow 20.9% in 2022. AECOM ( ACM Quick Quote ACM - Free Report) — a Zacks Rank #2 company — is a leading solutions provider delivering professional, technical and management solutions for diverse industries across end markets. ACM has been continuously focusing on delivering industry-leading margins and unlocking capital to promote growth as well as innovation. Also, focus on higher-margin and lower-risk Professional Services businesses bodes well. Over the past 60 days, AECOM’s earnings estimates for fiscal 2022 have increased to $3.40 from $3.35. The projected figure indicates a 20.6% year-over-year rise. Lennar Corporation ( LEN Quick Quote LEN - Free Report) — a Zacks Rank #2 company — is a well-known homebuilder. The company is benefiting from effective cost control and focus on making its homebuilding platform more efficient, leading to higher operating leverage. The consensus mark for LEN’s earnings for fiscal 2022 has increased to $16.43 from $15.82 per share over the past 30 days. Lennar’s earnings for fiscal 2022 are expected to rise 15.1% year over year.