Here is why Stantec Inc. (STN) is among the Best Water Infrastructure Stocks to Buy for Scarcity Trends

With a short percentage of shares outstanding of 1.40%, Stantec Inc. (NYSE: STN ) is among the 7 Best Water Infrastructure Stocks to Buy for Scarcity Trends . Stantec Inc. (NYSE:STN) strengthened its position in the water infrastructure market on June 3 when the Black & Veatch–Stantec joint venture secured an $85 million contract from the U.S. Army Corps of Engineers. The agreement will provide design and engineering support services for the Brandon Road Interbasin Project, a major initiative intended to prevent invasive carp populations from entering the Great Lakes. The eight-year contract involves modifications to the Brandon Road Lock and Dam and highlights Stantec’s expertise in delivering large-scale environmental and water-resource infrastructure projects. Earlier, on May 19, CIBC analyst Krista Friesen lowered her price target on Stantec Inc. (NYSE:STN) to C$160 from C$173 while maintaining an Outperformer rating. Although the target was reduced, the continued positive rating reflects confidence in the company’s long-term growth prospects and operational execution. Stantec Inc. (NYSE:STN) is a global professional services firm headquartered in Edmonton, Alberta, Canada, and was founded in 1954. The company provides engineering, architecture, environmental consulting, and design services across a wide range of sectors, including transportation, energy, buildings, and infrastructure. Stantec has developed a particularly strong presence in water infrastructure, supporting clients with planning, design, and program management solutions for drinking water, wastewater, flood control, and water-resource management projects around the world. While we acknowledge the potential of STN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 7 Best 3D Printing Stocks to Buy for Aerospace Components and Top 10 Stocks That Members of Congress Own . Disclosure: None. Follow Insider Monkey on Google News .