Share price of
EMCOR Group Inc
) increased marginally by 0.1% after its subsidiary Harry Pepper
Associates, Inc. (HPA) announced on Friday that it has received a
demolition and reconstruction award from the U.S. Army Corps of
Engineers for their Herbert Hoover Dike in Okeechobee and Palm
Beach Counties in Florida.
The scope of the contract requires Harry Pepper Associates to
construct a couple of water control structures after flattening
and removing the existing Herbert Hoover Dike Culverts (8 and
13). The new structures will be replacing the existing ones at
their respective locations.
Harry Pepper Associates will have to install cofferdams to
temporarily dry the area to allow new construction. The company
will be installing an earthen cofferdam in the Lake Okeechobee,
whereas for the landside off culverts, it will use cofferdams
made from steel sheet pile. The project has to be executed taking
care of its extensive specifications. Thus, Emcor Group's diverse
skills and experience will be a positive.
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). Other
better placed stocks worth considering at the moment include
Jiangsu Expressway Co. Ltd.
Jacobs Engineering Group Inc.
Quanta Services, Inc.
). All three carry a Zacks Rank #2 (Buy).
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