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Jacobs Solutions (J) Joins FFI to Drive Green Energy Transition
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Jacobs Solutions Inc. (J - Free Report) , a leading global engineering firm, has entered into a partnership with Fortescue Future Industries (“FFI”) to bolster their joint efforts in driving decarbonization initiatives.
J’s shares gained 1.14% during the trading session but dropped 1.13% in the after-hour trading session on Jun 27.
FFI, a green energy company focused on producing zero-carbon green hydrogen, aims to decarbonize challenging industries and assist its parent company, Fortescue Metals Group, in achieving its zero-emission targets. This collaboration opens up new opportunities for Jacobs to contribute its expertise and support to FFI's global ammonia, green hydrogen and renewable energy projects.
Following the signing of the three-year framework agreement, with the potential for two one-year renewals, Jacobs will work closely with FFI from project conception to the Final Investment Decision stage. The partnership will leverage Jacobs' expansive global footprint and integrated programmatic approach to accelerate FFI's transition to a decarbonized future. Jacobs' technical and program management expertise will be instrumental in accelerating FFI's transition and setting an example for the mining industry.
Focus on Decarbonization Efforts
This partnership comes at a time when Jacobs is already making waves in the engineering sector. It was recently ranked as the top design firm in Engineering News-Record's 2023 ranking. Jacobs secured its position as a leader in the industry for the sixth consecutive year. The company's growing portfolio of engineering partnering and framework agreements further demonstrates its commitment to shaping energy solutions and collaborating with global energy clients to achieve clean, low-carbon, resilient and affordable outcomes.
As Jacobs expands its involvement in high-profile decarbonization projects and solidifies its reputation as an industry leader, investors can expect to see positive impacts on the company's business and stock. The partnership with FFI positions Jacobs at the forefront of the energy transition, enabling it to leverage its technical expertise and global presence to capitalize on the growing demand for sustainable solutions. With its continued success and strategic collaborations, Jacobs is poised for long-term growth. It is also well-positioned to navigate the evolving landscape of the engineering sector.
Jacobs’ People & Places Solutions (P&PS) overall sales pipeline remains solid as climate, decarbonization and social value are gaining momentum across sectors. The strength is backed by legislative drivers spending on federal, state and local initiatives. The segment’s backlog at fiscal second-quarter end was $17.6 billion, up from $16.9 billion a year ago.
Image Source: Zacks Investment Research
Jacobs’ shares have lost 3% year to date against the Zacks Technology Services industry’s 15% rise. Foreign exchange risks, high costs and expenses are major concerns. Nonetheless, earnings estimates for fiscal 2023 and 2024 indicate 6.1% and 11.4% year-over-year growth, respectively. The company has an impressive VGM Score of B, which helps to identify stocks with the most attractive value, growth and momentum.
Zacks Rank
Currently, Jacobs carries a Zacks Rank #3 (Hold).
3 Better-Ranked Business Services Stocks Hogging the Limelight
Inspired Entertainment, Inc.’s (INSE - Free Report) earnings outpaced estimates in three of the trailing four quarters and missed the mark once, the average being 28%. INSE currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for INSE’s 2023 earnings and revenues suggests an improvement of 42.9% and 20.4%, respectively, from the 2022 level. The consensus mark for INSE’s 2023 earnings has moved north in the past 60 days.
Amplitude, Inc.’s (AMPL - Free Report) revenues and earnings for the current year are likely to rise by 12.4% and 114.3%, respectively, from the year-ago reported figure. San Francisco, CA-based AMPL has witnessed an upward estimate revision in the past 60 days.
AMPL’s earnings beat estimates in each of the last four quarters, the average being 38.5%. It currently carries a Zacks Rank #2 (Buy).
Bowman Consulting Group Ltd. (BWMN - Free Report) carries a Zacks Rank #2. The stock has a VGM Score of B.
The Zacks Consensus Estimate for BWMN’s 2023 revenues and EPS indicates a rise of 28.9% and 118.9%, respectively, from the year-ago period’s levels.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
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Jacobs Solutions (J) Joins FFI to Drive Green Energy Transition
Jacobs Solutions Inc. (J - Free Report) , a leading global engineering firm, has entered into a partnership with Fortescue Future Industries (“FFI”) to bolster their joint efforts in driving decarbonization initiatives.
J’s shares gained 1.14% during the trading session but dropped 1.13% in the after-hour trading session on Jun 27.
FFI, a green energy company focused on producing zero-carbon green hydrogen, aims to decarbonize challenging industries and assist its parent company, Fortescue Metals Group, in achieving its zero-emission targets. This collaboration opens up new opportunities for Jacobs to contribute its expertise and support to FFI's global ammonia, green hydrogen and renewable energy projects.
Following the signing of the three-year framework agreement, with the potential for two one-year renewals, Jacobs will work closely with FFI from project conception to the Final Investment Decision stage. The partnership will leverage Jacobs' expansive global footprint and integrated programmatic approach to accelerate FFI's transition to a decarbonized future. Jacobs' technical and program management expertise will be instrumental in accelerating FFI's transition and setting an example for the mining industry.
Focus on Decarbonization Efforts
This partnership comes at a time when Jacobs is already making waves in the engineering sector. It was recently ranked as the top design firm in Engineering News-Record's 2023 ranking. Jacobs secured its position as a leader in the industry for the sixth consecutive year. The company's growing portfolio of engineering partnering and framework agreements further demonstrates its commitment to shaping energy solutions and collaborating with global energy clients to achieve clean, low-carbon, resilient and affordable outcomes.
As Jacobs expands its involvement in high-profile decarbonization projects and solidifies its reputation as an industry leader, investors can expect to see positive impacts on the company's business and stock. The partnership with FFI positions Jacobs at the forefront of the energy transition, enabling it to leverage its technical expertise and global presence to capitalize on the growing demand for sustainable solutions. With its continued success and strategic collaborations, Jacobs is poised for long-term growth. It is also well-positioned to navigate the evolving landscape of the engineering sector.
Jacobs’ People & Places Solutions (P&PS) overall sales pipeline remains solid as climate, decarbonization and social value are gaining momentum across sectors. The strength is backed by legislative drivers spending on federal, state and local initiatives. The segment’s backlog at fiscal second-quarter end was $17.6 billion, up from $16.9 billion a year ago.
Image Source: Zacks Investment Research
Jacobs’ shares have lost 3% year to date against the Zacks Technology Services industry’s 15% rise. Foreign exchange risks, high costs and expenses are major concerns. Nonetheless, earnings estimates for fiscal 2023 and 2024 indicate 6.1% and 11.4% year-over-year growth, respectively. The company has an impressive VGM Score of B, which helps to identify stocks with the most attractive value, growth and momentum.
Zacks Rank
Currently, Jacobs carries a Zacks Rank #3 (Hold).
3 Better-Ranked Business Services Stocks Hogging the Limelight
Inspired Entertainment, Inc.’s (INSE - Free Report) earnings outpaced estimates in three of the trailing four quarters and missed the mark once, the average being 28%. INSE currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for INSE’s 2023 earnings and revenues suggests an improvement of 42.9% and 20.4%, respectively, from the 2022 level. The consensus mark for INSE’s 2023 earnings has moved north in the past 60 days.
Amplitude, Inc.’s (AMPL - Free Report) revenues and earnings for the current year are likely to rise by 12.4% and 114.3%, respectively, from the year-ago reported figure. San Francisco, CA-based AMPL has witnessed an upward estimate revision in the past 60 days.
AMPL’s earnings beat estimates in each of the last four quarters, the average being 38.5%. It currently carries a Zacks Rank #2 (Buy).
Bowman Consulting Group Ltd. (BWMN - Free Report) carries a Zacks Rank #2. The stock has a VGM Score of B.
The Zacks Consensus Estimate for BWMN’s 2023 revenues and EPS indicates a rise of 28.9% and 118.9%, respectively, from the year-ago period’s levels.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.