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Aecon Group Inc. ( (TSE:ARE) ) has provided an update.
Aecon Group Inc. reported a record backlog of $10.7 billion for the second quarter of 2025, driven by strategic acquisitions and a robust bid pipeline. The company experienced a significant increase in revenue and operating profit compared to the previous year, attributed to reduced losses on fixed price legacy projects. Aecon is actively involved in major nuclear projects, including North America’s first commercial Small Modular Reactor, and has commenced operations on Canada’s largest grid-scale battery energy storage facility. These developments highlight Aecon’s strong market positioning and commitment to sustainable practices.
The most recent analyst rating on (TSE:ARE) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on Aecon Group Inc. stock, see the TSE:ARE Stock Forecast page.
Spark’s Take on TSE:ARE Stock
According to Spark, TipRanks’ AI Analyst, TSE:ARE is a Neutral.
Aecon Group Inc.’s overall stock score reflects significant financial challenges, with declining revenues and cash flow constraints being the most critical factors. Technical indicators show potential bearish momentum, while valuation metrics are concerning with a negative P/E ratio. However, recent corporate events and a record backlog offer some positive outlooks, slightly balancing the risks.
To see Spark’s full report on TSE:ARE stock, click here.
More about Aecon Group Inc.
Aecon Group Inc. operates in the construction and infrastructure development industry, providing services such as project management, engineering, and construction. The company focuses on large-scale projects, including nuclear refurbishments and energy storage solutions, with a significant presence in North America.
Average Trading Volume: 322,681
Technical Sentiment Signal: Buy
Current Market Cap: C$1.19B
For detailed information about ARE stock, go to TipRanks’ Stock Analysis page.