Tetra Tech (TTEK) Awarded $40 Million Wind Farm Deal (Keenan II)

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12:49:37 pm on February 16, 2010

Tetra Tech (TTEK) announced about an hour ago that they have been awarded another contract to help complete the Keenan II Wind Farm in Oklahoma.  They provided engineering services to the adjacent and recently completed OU Spirit Wind Farm as well as environmental and permitting work for Keenan.  This new $40 million contract is for the designing and building of Keenan for CPV Keenan II Renewable Energy LLC.  Siemens is providing and erecting 66 2.3MW wind turbines for the project.

Shares are moving up just a bit on the news today.  After shares were pummeled on Jan 28th, TTEK is sure beginning to look like an attractive long term buy down here.  I personally will wait a few weeks and see if it can stabilize further before jumping in. 

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