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Parsons Corp - PSN STOCK NEWS

Welcome to our dedicated news page for Parsons (Ticker: PSN), a resource for investors and traders seeking the latest updates and insights on Parsons.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Parsons's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Parsons's position in the market.

Rhea-AI Summary
GVEC collaborates with Enphase Energy to launch a battery storage-based demand response program, Peak-Time Payback (PTP), aiming to reduce demand and enhance Texas electric grid resiliency. Members with Enphase IQ batteries receive bill credits and contribute to grid stability. The program builds on GVEC's successful smart thermostat initiative, saving members over $1M in costs. Enphase Energy sees the partnership as a way to introduce cutting-edge energy technology to homeowners.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
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Rhea-AI Summary
Parsons (PSN) secures a $28 million contract to provide intelligence, surveillance, and reconnaissance software for the Air Force Research Laboratory's GARDEM program, enhancing national security capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
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none
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Rhea-AI Summary
Parsons (PSN) awarded a $15.5 million contract by NOAA for system integration and cloud management services for the Traffic Coordination System for Space (TraCSS). The contract aims to enhance space situational awareness and space traffic coordination for global spaceflight safety.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.58%
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none
Rhea-AI Summary
Parsons Corporation (NYSE: PSN) secures a $1 billion contract with WMATA for project and construction management support, continuing their over 50-year partnership. The contract includes a base period of five years and a one-year option period, marking new work for Parsons in delivering innovative transit solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
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Rhea-AI Summary
Parsons Corporation has been recognized as one of the 2024 World’s Most Ethical Companies by Ethisphere for the 15th consecutive year. The company's commitment to ethics, integrity, and employee engagement has been key to its success and culture of performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.5%
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Rhea-AI Summary
Parsons Corporation (PSN) to present at Raymond James 45th Annual Institutional Investors Conference with CEO and CFO participating in a fireside chat.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
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conferences
Rhea-AI Summary
Parsons Corporation, in collaboration with Mace and Arcadis, has been selected as the delivery partner for the $16 billion Hudson Tunnel Project by the Gateway Development Commission. The project aims to enhance rail transit capacity, reliability, and resiliency on the Northeast Corridor, benefiting 800,000 daily passengers. With nearly $12 billion in federal funding, this project is a significant investment supported by the Infrastructure Investment and Jobs Act.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
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Rhea-AI Summary
Parsons Corporation (PSN) secures a $245 million contract from the US Army Corps of Engineers for environmental remediation projects funded by the Infrastructure Investment and Jobs Act. The five-year contract aims to address hazardous waste cleanup and protect public health, showcasing Parsons' expertise in environmental solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.6%
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Rhea-AI Summary
Parsons Corporation (PSN) announced the full exercise of a $100 million option to purchase additional notes, increasing the total principal amount to $800 million. The company also entered into capped call transactions and refreshed its stock repurchase authority. Parsons plans to invest in organic and inorganic growth, focusing on national security and global infrastructure solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
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none
Rhea-AI Summary
Parsons Corporation (PSN) announced a private offering of $700.0 million of 2.625% convertible senior notes due 2029. The company entered capped call transactions to offset potential dilution and granted initial purchasers an option for an additional $100.0 million. The offering is expected to settle soon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.51%
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Parsons Corp

NYSE:PSN

PSN Rankings

PSN Stock Data

8.75B
45.81M
0.88%
99.81%
3.99%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
US
Centreville

About PSN

founded in 1944, parsons is an engineering, construction, technical, and management services firm. our revenues in 2014 were $3.1 billion. we are 100% owned by our employee stock ownership trust. we conquer the toughest logistical challenges and deliver design/design-build, program/construction management, professional services, and innovative alternative delivery solutions to private industrial customers worldwide as well as to federal, regional, and local government agencies. parsons is a leader in many diversified markets with a focus on defense/security, industrial, and infrastructure. currently, more than 15,000 parsons employees are engaged in nearly 5,000 projects in 29 countries. collectively, our dedicated workers speak more than 80 languages and hold more than 11,800 college degrees and professional registrations. parsons' employees continue to go anywhere in the world, meet every technical and management challenge, and persevere until the job is done. social media house ru