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Jacobs Announced as Program Manager and Owners Engineer for Xcel Energy

1. Jacobs appointed as Program Manager for Xcel Energy's critical energy projects. 2. Focus on low-carbon future could enhance Jacobs' growth and market position.

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Why Bullish?

Jacobs' role in Xcel Energy's projects may boost revenue and visibility. Previous infrastructure contracts typically enhance stock performance.

How important is it?

The article highlights a significant contract that could influence Jacobs' core business operations. This impacts investor sentiments positively about its growth trajectory.

Why Long Term?

The long-term nature of energy projects suggests sustained revenue generation for Jacobs. Similar past contracts have produced lasting benefits over multiple quarters.

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XELJ
Leading execution of major program of critical transmission, distribution and generation projects in North and Central US DALLAS , Feb. 17, 2025 /PRNewswire/ -- Jacobs (NYSE: J) was selected as Program Manager and Owners Engineer to support Xcel Energy in providing customers with safe and reliable energy services at a competitive price, while meeting the specifications needed for a low-carbon future. Xcel Energy is a critical energy provider to millions of homes and businesses across eight Western and Midwestern states.

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