Granite Selected for $19M Preconstruction Services by Nevada DOT
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy GVA?
Granite announced that the Nevada Department of Transportation has selected the company to deliver preconstruction services for the future Interstate 80 East widening project along the 13-mile corridor between Vista Boulevard and USA Parkway in Washoe County. The approximately $19M preconstruction services agreement represents a major milestone toward the delivery of the anticipated $475M construction phase, funded through a combination of $275M from the USDOT INFRA Grant program and additional support from Nevada state and federal sources and was included in Granite's 2025 year-end CAP.
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Analyst Views on GVA
Wall Street analysts forecast GVA stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 128.610
Low
108.08
Averages
119.04
High
130.00
Current: 128.610
Low
108.08
Averages
119.04
High
130.00
About GVA
Granite Construction Incorporated is a diversified construction and construction materials company in the United States as well as a full-suite civil construction provider. The Company's segments include Construction and Materials. The Construction segment is focused on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure and site development for use by the general public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities and energy companies. It also provides construction of various complex projects including infrastructure/site development, mining, public safety, tunnel, solar, battery storage and other power-related projects. The Materials segment is focused on production of aggregates, asphalt concrete, liquid asphalt and recycled materials production for internal use in its construction projects and for sale to third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
