08:25:20 EDT Mon 07 Jul 2025
Enter Symbol
or Name
USA
CA



Aecon Group Inc
Symbol ARE
Shares Issued 62,365,531
Close 2024-11-29 C$ 28.78
Market Cap C$ 1,794,879,982
Recent Sedar Documents

Globe says Aecon heads to TSX glory, Algonquin the exit

2024-12-02 09:34 ET - In the News

Also In the News (C-AQN) Algonquin Power & Utilities Corp
Also In the News (C-TVK) TerraVest Industries Inc

The Globe and Mail reports in its Monday edition that Toronto Stock Exchange is expected to welcome three new members to its benchmark index next month, including bulked-up construction company Aecon Group, while dropping a slimmed-down Algonquin Power from the S&P/TSX 60 index. The Globe's Dominique Gene writes that S&P Global Inc. is scheduled to update the TSX stock indices on Friday, and analysts predict at least three companies will join the main benchmark, the S&P/TSX Composite Index. The most likely candidate for inclusion is Aecon, with a stock price that has more than doubled over the past 12 months, creating a $1.8-billion market capitalization that analysts say easily exceeds S&P's threshold for index membership. Adding the Toronto-based company to the benchmark would give passive investors such as index funds more exposure to the nuclear industry, a growing source of low carbon emission power in many industrialized countries. Aecon recently acquired New Jersey-based nuclear power construction specialist United Engineers & Constructors for $33-million (U.S.). TerraVest Industries, which makes home heating products and gas transport vehicles, is also expected to be added to the index.

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