moneyheap
J · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Jacobs Solutions Inc. (J) stock moving?
Jacobs has announced a run of large awards in the past two weeks: a planned five-year, $37B AEP transmission program (Oct 29), a $1B San Francisco wastewater project through a joint venture with PCL (Oct 28), and a roughly $2.1B New Zealand highway design and delivery role (Nov 5). The main negative is the Woonsocket council's decision to end the city's wastewater operations contract (Nov 5), which is small against these awards. The stock rose from 146.26 on Oct 22 to an intraday high of 162 on Nov 4, then fell 7.9% to 147.54 on Nov 5 on about 2.0M shares, roughly double the recent average. The news set does not explain that drop, and the sell-off remains unexplained by the items provided. Shares have since recovered to 157.11 on Nov 10, up 6.5%, though volume has faded to 534K shares. Recent lows near 144.55 to 147.54 and the 160 to 162 area mark the recent range. The contract wins support a positive view over the coming months, while short-term price action is choppy and the reason for the Nov 5 drop is unclear.
News behind the analysis
- Jacobs Selected for New Zealand Highway ProjectJacobs was chosen to provide design and project delivery services for the Warkworth to Te Hana section of New Zealand's Northland Corridor highway program.
- Woonsocket City Council Terminates Wastewater Contract with JacobsThe Woonsocket City Council voted to end Jacobs' contract to operate the city's wastewater treatment plant, with Veolia selected to take over the facility.
- Jacobs Selected To Provide Design And Project Delivery Services For The Warkworth To Te Hana Ara Tūhono Section Of New Zealand's ~$2.1B Northland Corridor Highway Program; Will Design All 15 BridgesBenzinga reports the same New Zealand award within a roughly $2.1B highway program, with Jacobs designing all 15 bridges on the section.
- Jacobs Joins Newly Launched Coastal Resilience Scorecard Advisory BoardJacobs was named a founding member of the new Coastal Resilience Scorecard Advisory Board, which is launching a second phase to digitize climate resilience tools.
- Jacobs Selected to Advance American Electric Power's Transmission Modernization ProgramJacobs was chosen to provide integrated program delivery services for AEP's transmission portfolio expansion in the U.S. Eastern region.
- Jacobs Selected By American Electric Power To Provide Integrated Program Delivery Services For AEP's Planned Five-Year, $37B Transmission InvestmentBenzinga reports the AEP award is tied to a planned five-year, $37B transmission investment program.
- Jacobs to deliver $1 billion San Francisco wastewater upgrade through joint ventureJacobs was selected as progressive design-build contractor for the Southeast Treatment Plant Nutrient Reduction Project in San Francisco, through a joint venture.
- Jacobs' JV With PCL Construction Selected By San Francisco Public Utilities Commission As Design-Build Contractor For The $1B Southeast Treatment Plant Nutrient Reduction ProjectBenzinga reports the Jacobs-PCL joint venture was picked by the San Francisco Public Utilities Commission for the $1B Southeast Treatment Plant project.
About Jacobs Solutions Inc.
Jacobs Solutions is a Dallas-based company that provides engineering, design, consulting and project management for infrastructure and advanced facilities like water systems, transportation, data centers and life-sciences plants. It mostly sells expertise and services rather than doing large fixed-price construction, and it owns the UK-based PA Consulting business. Its backlog recently hit a record of roughly $29 billion.
How it makes money
Most of its revenue comes from professional-services fees on infrastructure and advanced-facilities projects for governments and companies. That segment (Infrastructure & Advanced Facilities) brings in roughly $2 billion of net revenue a quarter, about 85% of the total. The rest comes from PA Consulting, which offers management and technology consulting at higher margins (above 20%). Clients include water utilities, transportation agencies, and makers of semiconductors, pharmaceuticals and data centers. Trailing gross revenue is roughly $14 billion.
What usually moves J
- US and global infrastructure and water funding
- Data center and advanced manufacturing construction demand
- Backlog growth and new contract wins
- Profit margins and earnings guidance updates
- Government and defense spending trends