Aecon Group Inc. has secured significant contracts, leading to a notable share price increase.
Aecon Group Inc. announced contracts worth CA$1.75 billion for the refurbishment of the Pickering Nuclear Generating Station, resulting in a 15.1% rise in its share price. This achievement marks an important milestone for the company and highlights its recent performance in the nuclear sector.
Investor takeaway: Investors may want to keep an eye on Aecon's future projects and contract developments in the nuclear industry.
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Aecon Group Inc.
ARE.TO
ARE.TO
Aecon Group Inc.
WealthAwesomeMarket cap
$3.94B
Div. yield
1.32%
Div. / share
$0.77
52W high
$59.96
52W low
$23.49
1W change
+9.83%
Beta
1.06
Analyst Price Targets
Based on analyst covering ARE · as of Oct 7, 2026
Wall Street analysts forecast ARE stock price to rise 1.1% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$58.10
+1.1% Upside
Previously C$57.00 on Sep 17, 2026
Current Price
C$57.45
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ARE's historical volatility
30-Day Vol
53.4%
Annualized
90-Day Vol
52.1%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$68.68
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$60.97 | C$50.72 – C$73.31 |
| 60 trading days | C$64.71 | C$49.87 – C$83.97 |
| 90 trading days | C$68.68 | C$49.92 – C$94.49 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Aecon's share price increased by 15.1% following contract announcement.
The stock's last close was C$58.09, showing a significant increase of 28.67% over the past month.
Bull case
These new contracts could boost Aecon's revenue and strengthen its position in the nuclear sector.
Bear case
Despite this positive news, Aecon's profit margin is still negative, which might raise concerns for investors.
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Stock Performance Following Contract Announcement
Following the announcement of these contracts, Aecon's stock price rose by 15.1%. The last recorded closing price was C$58.09, contributing to a weekly gain of 12.37% and a monthly increase of 28.67%. However, trading volume was relatively low at 1,520 shares, compared to the 20-day average volume of 449,693 shares.
Future Outlook for Aecon Group
Looking ahead, investors will likely focus on how these new contracts affect Aecon's financial performance and market position. The company’s current profit margin is negative at -1.1%, raising questions about its profitability despite recent contract wins. Keeping track of upcoming financial reports and contract developments will be crucial for assessing the company's future.
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