Jacobs extends steel role: six analysts rate Jacobs Solutions stock Buy
Published on 10/05/2026 at 14:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Jacobs Solutions (ISIN US46982L1089) was selected on September 24, 2026, to extend its role on thyssenkrupp Steel's hydrogen-capable direct reduction plant in Duisburg, Germany. The contract covers project management office, construction management and assembly management services, while MarketBeat reported on October 3, 2026, that six analysts rated the stock Buy and six rated it Hold.
Steel project adds execution work
According to Business Wire, Jacobs will continue coordinating design, logistics and construction as the plant moves toward first iron production. Once complete, the facility is expected to produce 2.50 million metric tons of direct reduced iron annually, replacing coal-powered blast furnaces with a hydrogen-based process.
The extension builds on a contract originally awarded in August 2023. Jacobs also supervises civil works, quality assurance and onsite material flow, giving the announcement an operational dimension beyond a single engineering assignment.
Third-quarter figures set the benchmark
Jacobs reported USD 2.42 billion in revenue for the third quarter of fiscal 2026, up 8.30 percent from the prior-year quarter, according to MarketBeat. Earnings per share reached USD 1.84 versus a USD 1.83 consensus estimate, while fiscal 2026 adjusted earnings-per-share guidance stood at USD 7.20-7.30.
The company generated USD 456.1 million in operating cash flow in the fiscal third quarter, according to StockTitan. That figure contrasts with USD 484.1 million of negative operating cash flow in the prior quarter, marking a material swing in cash generation across the two reported periods.
Valuation meets a lower euro quote
MarketBeat cited a USD 153.70 average 12-month analyst target on October 3, 2026, alongside a Moderate Buy consensus. The target remains a separate US-dollar reference and is not combined with the euro quotation used for Jacobs Solutions stock in Germany.
Jacobs Solutions was trading at EUR 122.00 at Lang & Schwarz on October 5, 2026, at 2:14 p.m. CEST, down 0.41 percent versus the EUR 122.50 prior close at Lang & Schwarz. The finance snapshot put market capitalization at USD 16.3 billion as of October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Jacobs Solutions stock.
Jacobs Solutions stock facts
- Company: Jacobs Solutions Inc.
- ISIN: US46982L1089
- Ticker: J
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 5, 2026, 2:14 p.m. CEST: EUR 122.00
- Change versus prior close: minus 0.41 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 122.50
- Market capitalization: USD 16.3 billion as of October 2, 2026
- Sector / Industry: Industrials / Engineering and Construction
