Arcosa, Inc. (NYSE:ACA) is one of the 10 Stocks with Huge Catalysts on the Horizon.
The company is on its way to immensely benefit from increased wind energy infrastructure demand.
A construction site at night with long exposure illuminating specialty materials and trench shields.
Headquartered in Texas, Arcosa, Inc. (NYSE:ACA) manufactures infrastructure-related products and services. Operating in three segments —construction products, engineered structures, and transportation products —the company serves a variety of infrastructure markets, including construction, energy, and transportation.
Arcosa, Inc. (NYSE:ACA)’s Engineered Structures business has been gaining massive orders owing to the rise in the number of grid hardening and reliability initiatives. Specifically, the passage of the Inflation Reduction Act (IRA) has enabled the company to achieve $1.1 billion worth of new orders through 2028. A notable portion of these orders is for wind energy projects expanding in the Southwest.
New towers are being delivered with the help of the new plant introduced in New Mexico in 2024, thus acting on the massive order intakes and strong backlogs. Barclays and Oppenheimer stick to their Buy rating on the stock, despite President Jesse Collins’s significant sale of 8,616 shares of the company’s stock in a transaction valued at $744,388.
With 23 hedge funds backing the stock with a moderate level of institutional interest, Arcosa, Inc. (NYSE:ACA) stands as a worthy candidate to be included in investment decisions.
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