Top Infrastructure Growth Stock to Buy This Week

SNC-Lavalin Group Inc. (TSX:SNC) plays an important role in designing, assessing, testing and project managing environmentally sustainable infrastructure.

| More on:

SNC Lavalin (TSX:SNC) is a 110-year-old company that has adapted through more than a century of disruption and technological change. The year 2020 was an important reminder of the fundamental role that engineering occupies in helping to meet critical needs and facilitate societal transformation. Last year, SNC-Lavalin rose to the challenge, while advancing the company’s own transformation.

Contributing to sustainable infrastructure and net-zero carbon emissions

SNC-Lavalin plays an important role in designing, assessing, testing and project managing environmentally sustainable infrastructure, which includes light rail transit, carbon-free nuclear energy, electric aircraft, hydrogen storage, wind energy, or the use of data and digital technology and modular manufacturing to reduce the environmental footprint of construction.

Providing energy to six million homes

Further, SNC-Lavalin’s nuclear services business, which has continued to grow this year with strong earnings before interest and taxes (EBIT) margins, is an important partner in the carbon net-zero targets of several countries. Over the past year, SNC-Lavalin has won new mandates from Korea to Romania and the U.K, where the company is in the midst of a 10-year program to build a new nuclear power station that will provide energy to six million homes and furnish 7% of the country’s electricity.

Working on large clean energy projects

In the U.S., SNC-Lavalin is working with the federal government on the nationwide deactivation and renewal of nuclear sites. Some of the company’s most important nuclear work, however, is happening in Canada. SNC-Lavalin is working on the country’s two largest clean energy projects, which include the refurbishment of the Darlington nuclear generating station and Bruce Power, which together supply approximately half of Ontario’s energy.

Reducing dependency on carbon-emitting power sources

In addition, SNC-Lavalin is also quickly pivoting the company’s nuclear expertise and propriety CANDU technology to move into the evolving field of small modular reactors, which has become a priority for governments looking to reduce dependency on carbon-emitting power sources.

Managing climate change risks

In Louisiana, SNC-Lavalin was recently awarded a contract to support the state’s flood mitigation efforts, an important consideration for managing climate change risk. This work builds on the expansion of SNC-Lavalin’s U.S. business, one of the company’s core markets.

Expanding presence in strategic locations

Over the past year, SNC-Lavalin has won new mandates with the department of transportation in the states of Texas, Georgia, North Carolina, and Louisiana. SNC-Lavalin has also expanded the company’s presence in southern California to support new work on the Los Angeles metro, airport, and port.

Growing digital expertise on a number of projects

Furthermore, SNC-Lavalin continues to deploy the company’s growing digital expertise on a number of projects that will help reduce environmental footprint and transform legacy infrastructure. A great example of this is in the U.K., where SNC-Lavalin has been chosen to lead the digital transformation of the East Coast Main Line railway and improve network performance.

Bright future outlook

Overall, SNC-Lavalin appears well-positioned to take advantage of the global demand for infrastructure solutions. Long-term shareholders look set to continue to be well served by SNC-Lavalin.

The Motley Fool has no position in any of the stocks mentioned. Fool contributor Nikhil Kumar has no position in any of the stocks mentioned. 

More on Investing

a woman sleeps with her eyes covered with a mask
Dividend Stocks

2 TSX Dividend Stocks That Put Your Money to Work While You Sleep

Buy and hold these TSX dividend stocks in your self-directed investment portfolio to create a passive income stream you can…

Read more »

some REITs give investors exposure to commercial real estate
Energy Stocks

This Canadian Energy Stock Is a Steal, and I’m Buying it Right Now

Topaz Energy is a low-risk royalty and infrastructure play delivering steady, inflation-linked dividends and exceptional free cash flow, a quiet…

Read more »

A close up color image of a small green plant sprouting out of a pile of Canadian dollar coins "loonies."
Dividend Stocks

A Dividend Champion Every Canadian Needs in Their TFSA

Alaris Equity is a TSX dividend stock that offers you a yield of more than 7% in November 2025.

Read more »

money goes up and down in balance
Dividend Stocks

8% Dividend Yield! This TSX Income Machine is a Gift That Keeps on Giving

Telus (TSX:T) is a top telecom stock on the Canadian stock market and it looks too cheap to ignore if…

Read more »

senior relaxes in hammock with e-book
Dividend Stocks

Lazy Investor: This Dividend Growth Stock Deserves a Permanent Place in Your TSFA

Let's dive into why Alimentation Couche-Tard (TSX:ATD) could be the dividend-paying growth stock investors are missing in their TFSA.

Read more »

The TFSA is a powerful savings vehicle for Canadians who are saving for retirement.
Dividend Stocks

TFSA Total Returns: 1 Discounted Dividend Stock to Consider Now

This top TSX energy stock has increased its dividend for 25 consecutive years.

Read more »

Young Boy with Jet Pack Dreams of Flying
Dividend Stocks

This 3.5% Dividend Stock Pays Investors Every Month

Want a monthly paycheque? Exchange Income delivers reliable monthly dividends backed by diversified, acquisition-driven cash flow, and disciplined management.

Read more »

Map of Canada with city lights illuminated
Dividend Stocks

2 Safer Canadian Stocks to Buy Now With $7,000

Fortis (TSX:FTS) is a relatively safe stock with a good dividend growth track record.

Read more »