EMCOR Group Inc
) announced on Monday that its subsidiary Poole & Kent
Company of Florida has received a contract for upgrading the
Springtree Water Treatment Plant in Florida for an undisclosed
amount. Following the news, the company's share prices increased
marginally by 0.9% to close at $40.40 on Tuesday.
The contract awarded by the City of Sunrise entails EMCOR
Group to provide core services for the construction project that
includes constructing a service pump station, along with a new
building for the water plant. The service pump station will
consist of a number of huge vertical turbine pumps and the
relevant electrical, instrumentation, and control systems
required for construction.
Additionally, EMCOR Group will also be responsible for
demolishing some of the existing plant structure and will
undertake the task of modifying the existing gateways, yard
piping, paving and grading. The company will also equip the new
structure with irrigation, landscaping and drainage system apart
from integrating the existing and new infrastructure.
EMCOR Group is a leading construction and manufacturing
company specializing in electrical facilities, energy
infrastructure and LEED (Leadership in Energy and Environmental
Design) construction along with designing and manufacturing life
saving facilities. The company's core area of expertise includes
planning and installing critical infrastructure systems by
providing high quality commercial services that are aimed to
extend the life of new and existing structures.
EMCOR Group currently has Zacks Rank #5 (Strong Sell). Some
other stocks within the sector that are worth mentioning include
), which carries a Zacks Rank #1 (Strong Buy), and
Jiangsu Expressway Co. Ltd.
), each carrying a Zacks Rank #2 (Buy).
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