Parsons Corporation Intrinsic Value Calculation – Parsons Selected By U.S. Department of Energy for Clean Energy Technology Acceleration Efforts.
March 29, 2023
Trending News ☀️
Today, the U.S. Department of Energy Office of Clean Energy announced that Parsons Corporation ($NYSE:PSN) has been chosen to help advance clean energy technology through a contract award. The news comes on March 23rd, 2023, and marks an important milestone in the organization’s history. With the selection, Parsons will be taking on a significant role in the U.S. Department of Energy’s efforts to accelerate clean energy programs across the country. The contract award will allow Parsons to bring its expertise in energy solutions to the table, thus contributing to a faster deployment of innovative and cost-effective clean energy technologies. Furthermore, the company will be able to provide comprehensive services including analysis, design, implementation, and operations for renewable resources and energy efficiency projects.
Parsons is already a leader in the clean energy space and this award will allow them to further expand their role in the industry. With this contract award, Parsons has the potential to create countless new opportunities for the development of clean energy technologies across the nation. This announcement highlights the company’s commitment to helping shape a more sustainable future for all.
Price History
On Thursday, PARSONS CORPORATION was selected by the U.S. Department of Energy to help accelerate clean energy technologies. This news was received positively by investors, as the stock opened at $41.5 and closed at $42.1, up 1.6% from its previous closing price of $41.4. This decision to include PARSONS CORPORATION in the clean energy technology acceleration efforts is expected to further improve the company’s image and reputation, leading to more development in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Parsons Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 4.2k | 96.66 | 2.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Parsons Corporation. More…
| Operations | Investing | Financing |
| 237.53 | -417.47 | 100.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Parsons Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.2k | 2.1k | 19.52 |
Key Ratios Snapshot
Some of the financial key ratios for Parsons Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.0% | 49.8% | 4.5% |
| FCF Margin | ROE | ROA |
| 4.9% | 5.9% | 2.8% |
Analysis – Parsons Corporation Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of PARSONS CORPORATION‘s fundamentals. Our proprietary Valuation Line has calculated the fair value of PARSONS CORPORATION shares to be around $40.3. However, PARSONS CORPORATION stock is currently trading at $42.1, meaning it is being traded at a fair price that is overvalued by 4.4%. For investors looking to buy into PARSONS CORPORATION, this is an important consideration to make. More…
Peers
The company is a provider of engineering, construction, and technical services for public and private sector clients. Parsons delivers innovative solutions to complex infrastructure and programmatic challenges, and is a recognized leader in the planning, design, and construction of a wide range of facilities and infrastructure. The company’s competitors include Airtificial Intelligence Structures SA, Modern Engineering & Projects Ltd, GMR Power and Urban Infra Ltd.
– Airtificial Intelligence Structures SA ($OTCPK:AITLF)
Artificial Intelligence Structures SA, or AI Structures, is a publicly traded company on the Madrid Stock Exchange. As of 2022, AI Structures has a market capitalization of €69.19 million and a return on equity of -7.34%. The company focuses on the development and commercialization of artificial intelligence technology.
– Modern Engineering & Projects Ltd ($BSE:539762)
Modern Engineering & Projects Ltd is a company that specializes in engineering and construction projects. The company has a market cap of 73.54M as of 2022 and a Return on Equity of -2211.89%. Modern Engineering & Projects Ltd has a strong focus on quality and safety, and has a good reputation in the industry. The company has a wide range of experience in both small and large projects, and has a proven track record of successful completion.
– GMR Power and Urban Infra Ltd ($BSE:543490)
GMR Power and Urban Infra Ltd has a market cap of 15.21B as of 2022, a Return on Equity of -54.42%. The company is engaged in the business of power generation and transmission, and urban infrastructure development.
Summary
Parsons Corporation is a leading provider of technology-enabled solutions and services to the Department of Energy and has been selected to participate in the U.S. Department of Energy’s Clean Energy Technology Acceleration Program. Investing analysis of the company reveals a strong track record of successful projects, a diversified portfolio of services, a good reputation for reliability, and a solid financial position. Currently, Parsons is well-positioned for growth due to its investments in research and development, strong customer base, and wide range of offerings. Further, the firm has seen positive news sentiment from analysts, which bodes well for the future.
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