Stantec Inc. (NYSE:STN) is one of the most promising mid-cap stocks to buy according to analysts.
On May 26, Stantec, in a joint venture with Jacobs Solutions (NYSE:J), announced it has been selected to deliver Greater Western Water’s five-year infrastructure planning and delivery program in Melbourne, Australia
The initiative focuses on planning and delivering critical water and sewer infrastructure to support long-term regional growth and resilience. The program will address rapidly increasing demand driven by population growth in Melbourne’s western region, which is expected to more than double by 2050. The joint venture will provide end-to-end engineering and advisory services, including system design, treatment plant development, water resource assessments, and environmental analysis, as well as construction support and standards development.
Stantec Inc. (NYSE:STN) and Jacobs emphasized that the collaboration is designed to improve infrastructure reliability and sustainability while adapting to climate and population pressures. The program will also include social procurement initiatives, partnerships with Indigenous-owned businesses, and local workforce development to support broader community and economic benefits. Stantec Inc. (NYSE:STN) provides engineering, architecture, environmental consulting, and design services across a wide range of sectors, including transportation, energy, buildings, and infrastructure.