Jacobs Solutions shares rise 7.14% after-hours after being selected for Texas coastal storm surge barrier project.

Jacobs Solutions (J) surged 7.14% in after-hours trading following the announcement that it was selected to design one of the world’s largest coastal storm surge barrier systems along the Texas Gulf Coast. The project, valued at nearly $1 billion, involves engineering the Bolivar Roads Gate System to protect six million residents, $800 billion in regional assets, and the Houston Ship Channel. This contract aligns with Jacobs’ expertise in resilience infrastructure and underscores its strategic position in climate adaptation projects. The news overshadowed other developments, such as Goldman Sachs raising its price target to $163 and the company’s recent quarterly earnings beat, as the scale and long-term implications of the coastal protection initiative directly drove the after-hours rally.