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Tetra Tech Awarded Contract to Provide Advanced Water Treatment Solutions in Florida

1. Tetra Tech wins contract to expand Cape Coral's water treatment plant capacity. 2. The expansion increases production by 50%, enhancing TTEK's project portfolio.

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$31.1304/25 03:56 PM EDTLatest Updated
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FAQ

Why Bullish?

Winning significant contracts like this often boosts investor confidence, similar to past projects. TTEK’s stock has historically gained on similar announcements, reflecting market optimism.

How important is it?

The contract's scale and TTEK's role in public infrastructure suggest a significant potential revenue boost, making this relevant. Such contracts enhance TTEK's market position and growth outlook.

Why Short Term?

The immediate effects of new contracts generally lead to short-term momentum in stock prices, akin to previous contract wins, which typically see a rise in the following quarters.

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PASADENA, Calif.--(BUSINESS WIRE)-- #advancedwatertreatment--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the City of Cape Coral, Florida, selected Tetra Tech to provide engineering design and technical services to expand its North Reverse Osmosis Water Treatment Plant. Tetra Tech will provide advanced water treatment solutions to expand the plant's production capacity by 50 percent and doub.

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