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ETF Analysis: The ActivePassive U.S. Equity ETF (APUE) has an implied analyst target price of $40.75 per unit, indicating a potential upside of 24.71% from its current trading price of $32.67.

Stock Performance Insights: Notable underlying holdings such as Carrier Global Corp, Jacobs Solutions Inc, and Uber Technologies Inc show significant upside potential based on analysts' target prices, raising questions about the validity of these targets in light of recent market developments.

Company Overview: Jacobs Solutions Inc., a large-cap company with a market cap of $15.1 billion, specializes in infrastructure and consulting services, but its stock has seen a significant decline of 17.9% from its 52-week high and has underperformed compared to the broader market.

Stock Performance and Analyst Outlook: Despite recent stock declines following Q1 earnings that exceeded expectations, analysts maintain a "Moderate Buy" rating for Jacobs Solutions, with a mean price target suggesting a potential upside of 24.8%.

Jacobs Solutions Inc. Partnership: Jacobs Solutions has been selected by PsiQuantum to build one of the first utility-scale quantum computers in Brisbane, Australia, aimed at addressing commercially valuable problems and supporting Australia's National Quantum Strategy.

Construction Timeline and Stock Update: The construction of the 540,000 square foot facility is set to begin in 2025 and finish by the end of 2027, with Jacobs's stock trading at $124.50, reflecting a 1.63% increase in pre-market hours.

Jacobs Selected for Quantum Computing Project: Jacobs has been chosen by PsiQuantum to provide engineering services for a utility-scale quantum computer facility in Brisbane, Australia, which is expected to start construction in 2025 and be completed by the end of 2027.

Significance of Quantum Computing: The project aims to advance Australia's National Quantum Strategy by developing a quantum computer capable of solving complex problems beyond the reach of conventional computers, with potential applications across various critical industries.

Debt Reduction Announcement: Jacobs has successfully reduced its debt by approximately $312 million through an equity-for-debt exchange, exiting its stake in Amentum Holdings by trading shares for term loans.

Future Share Distribution: An additional 9.7 million shares of Amentum remain in escrow pending performance milestones, with plans to distribute any entitled shares to Jacobs' shareholders once finalized.

KeyBanc Meeting: A meeting hosted by KeyBanc is scheduled to take place in Milwaukee on March 17.

Jacobs Contracts and Strategies: Jacobs has been awarded multiple contracts, including one from Boise Airport and a cybersecurity contract with a U.S. wastewater utility, while also announcing a multi-year growth strategy at their 2025 Investor Day.

Infrastructure Expansion at Boise Airport: Jacobs has been selected to assist with the Boise Airport's multi-year capital expansion plan, which includes constructing Concourse A and renovating Concourse B to accommodate an 81% increase in passenger demand over the past decade.

Economic Development Support: The airport's growth is vital for Idaho's economic development, connecting the state capital to 27 non-stop destinations, and Jacobs aims to enhance the passenger experience while preparing for future growth.

Insider Trading Activity: Manuel J Fernandez, a director at company $J, purchased 70 shares for approximately $8,596, increasing his holdings by 0.7%, with insiders having made 2 purchases and no sales in the last 6 months.

Institutional Investor Movements: In the most recent quarter, 408 institutional investors increased their positions in $J stock while 391 decreased theirs, indicating mixed sentiment among institutional stakeholders.

Jacobs Awarded Cybersecurity Contract: Jacobs has secured a $13.4 million operational technology cybersecurity contract with the Hampton Roads Sanitation District to enhance cybersecurity for wastewater treatment services, addressing increasing threats in critical infrastructure.

Focus on Cyber Resiliency: The collaboration aims to establish HRSD as a benchmark for cybersecurity excellence in the water sector, ensuring the protection of public health and the environment through advanced cybersecurity measures and continuous monitoring.

Contract Award: Jacobs Solutions Inc. has secured a $13.4 million contract with Hampton Roads Sanitation District to provide cybersecurity for industrial control systems and infrastructure.

Stock Performance: Following the announcement, Jacobs's stock is trading at $124.36, reflecting a slight decrease of 0.01 percent in pre-market hours on the New York Stock Exchange.

Jacobs' Sustainability Achievements: Jacobs has been recognized for its sustainability efforts by being included in the Dow Jones Sustainability World Index for the third consecutive year and receiving a Gold Medal from EcoVadis, among other accolades.

Innovative Tools for Sustainability: The company launched the Evolve tool to integrate sustainability into all projects, aiming to align with the United Nations Sustainable Development Goals and enhance positive environmental impacts throughout project lifecycles.

Jacobs' Role in Fermilab Project: Jacobs has been appointed as the Construction Manager as Advisor for the Long-Baseline Neutrino Facility (LBNF) Near Site project at Fermilab, focusing on the Deep Underground Neutrino Experiment (DUNE) and supporting infrastructure.

Project Scope and Impact: The project, with a total cost exceeding $1 billion, aims to enhance scientific research on neutrinos and is set to commence construction in 2025, involving collaboration with over 1,400 scientists and engineers globally.

Jacobs' Role in Neutrino Facility Project: Jacobs has been appointed as the Construction Manager for the Long-Baseline Neutrino Facility project at Fermilab, which will support the Deep Underground Neutrino Experiment (DUNE) and involves complex infrastructure development in Illinois and South Dakota.

Project Significance and Collaboration: The DUNE program, with a total cost exceeding $1 billion, aims to advance neutrino research through collaboration among over 1,400 scientists and engineers globally, highlighting the importance of engineering excellence in scientific discovery.

Company Overview and Performance: Jacobs Solutions Inc., valued at $15.8 billion, provides a range of professional services but has underperformed compared to the broader market, with a 7.1% gain over the past year versus the S&P 500's 20.7% increase.

Earnings Report and Analyst Outlook: Despite reporting Q1 earnings that exceeded expectations, Jacobs' stock fell 3.5% post-announcement due to concerns over lower profits and sector softness; analysts maintain a "Moderate Buy" rating with a potential upside in price targets.

Company Growth Strategy: Jacobs has outlined a multi-year growth strategy targeting 6-8% organic adjusted net revenue growth from FY25-29, focusing on high-growth markets such as Water and Environmental, Life Sciences, Advanced Manufacturing, and Critical Infrastructure.

Financial Outlook: The company aims for a 16%+ adjusted EBITDA margin and over 10% free cash flow margin by FY29, supported by strong positioning and macro tailwinds, while continuing to return capital to shareholders through increased dividends and share repurchase programs.

Jacobs' Role with Xcel Energy: Jacobs has been appointed as the Program Manager and Owners Engineer for Xcel Energy, focusing on a multi-billion-dollar capital program aimed at enhancing energy services while transitioning to a low-carbon future.

Investment Plans and Infrastructure Upgrades: Xcel Energy plans a $45 billion investment to improve its grid's efficiency and resilience, supporting increased electricity demand and integrating carbon-free energy resources.

Jacobs' Role with Xcel Energy: Jacobs has been appointed as Program Manager and Owners Engineer for Xcel Energy, focusing on delivering energy services while promoting a low-carbon future.

Project Management and Standards: Jacobs will oversee various projects, recommend project selections, and implement standardized capital delivery practices to ensure consistent execution across Xcel Energy's operations.

Analyst Ratings: Sabahat Khan from RBC Capital has maintained a Buy rating on Jacobs Solutions with a price target of $152.00, while Andrew Wittmann from Robert W. Baird also issued a Buy rating; however, KeyBanc has a Hold rating on the stock.

Financial Performance: Jacobs Solutions reported a quarterly revenue of $2.93 billion and a GAAP net loss of $18.13 million for the quarter ending December 27, significantly down from last year's revenue of $4.16 billion and a net profit of $171.61 million.

Infrastructure Upgrades for PFAS Removal: Jacobs has been selected by the City of Boynton Beach, Florida, to evaluate and design upgrades at two water treatment plants aimed at removing per- and polyfluoroalkyl substances (PFAS) from groundwater supplies to comply with new federal drinking water regulations.

Long-term Partnership and Project Goals: The project will not only address PFAS compliance but also replace aging infrastructure and meet increasing community water demands, with Jacobs leveraging over 40 years of experience working with the city on water system challenges.

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