ENGlobal (ENG) Stock Gains On $20+ Million Contract

ENGlobal ENG Stock News

First and foremost, investors are excited about the revenue opportunity here. Should all go well, and the scope of work under the agreement be expanded, ENG will enjoy revenues from this single agreement that will surpass the revenues that it realized in the first six months of 2019. There’s a lot to be said about the value of this agreement.

However, the revenue provided here isn’t the only reason to be excited. With this contract, ENG is now going to be part of the development of one of the largest biodiesel facilities in the United States.

With the client choosing to go with the company’s products and services, it is setting itself up as a key player when it comes to development of these large-scale products. Chances are, that others looking to develop facilities at this scale will be watching the project closely.

So, if all goes well, not only will ENG realize significant revenues, the project will act as a case study, likely helping to increase sales ahead.

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