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PASADENA, Calif. - Tetra Tech, Inc. (NASDAQ:TTEK), a $9.06 billion market cap engineering firm, has been selected by EirGrid plc, Ireland’s national electric grid operator, to support the expansion of the country’s electricity transmission and distribution network infrastructure, according to a press release statement.
The engineering firm will provide ground investigations and engineering analysis for the construction of onshore and offshore grid infrastructure. Tetra Tech plans to utilize its cloud-based software for geotechnical and environmental surveying to optimize data collection and validation. With annual revenue of $4.62 billion and a solid financial health score rated "GOOD" by InvestingPro, Tetra Tech appears well-positioned to execute this project.
"We look forward to using our Leading with Science approach to support EirGrid to deliver this historic project and create future proofed energy security for communities and businesses across the country," said Dan Batrack, Tetra Tech Chairman and CEO.
The project aims to secure long-term electricity needs across Ireland, though specific financial terms of the agreement were not disclosed in the announcement.
Tetra Tech describes itself as a provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure. The company employs more than 25,000 people globally and focuses on water cycle management, environmental protection, and sustainable infrastructure design. InvestingPro data shows Tetra Tech operates with a moderate debt-to-equity ratio of 0.55 and trades slightly below its Fair Value, suggesting potential upside for investors.
The California-based firm has previously worked on infrastructure projects in Ireland, adding to its experience in the region for this new contract with the national grid operator. With revenue growth of 6.84% and a dividend yield of 0.75%, Tetra Tech continues to demonstrate financial stability while expanding its global footprint. For deeper analysis on Tetra Tech and 1,400+ other stocks, check out the comprehensive Pro Research Reports available on InvestingPro.
In other recent news, Tetra Tech reported its fourth-quarter 2025 earnings, which exceeded analyst expectations. The company achieved an earnings per share (EPS) of $0.44, surpassing the forecast of $0.40, representing a 10% surprise. Revenue also outperformed projections, reaching $1.16 billion compared to the anticipated $1.06 billion, marking a 9.43% increase. Additionally, Tetra Tech introduced its fiscal 2026 guidance, aligning with consensus estimates at the midpoint. In response to these results, RBC Capital raised its price target for Tetra Tech from $47.00 to $48.00, maintaining an Outperform rating. These developments reflect strong investor confidence in the company’s performance and future prospects.
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