The federal government recently has acted to address the effects of the “megadrought” in the western half of the United States. The megadrought, changing climate conditions, and population growth have magnified the need for additional infrastructure and water supply solutions in the Colorado River Basin.
Federal gov addressed megadrought effects in western US with allocation of historic funding amounts to U.S. Bureau of Reclamation to rebuild critical water infrastructure and water conservation programs and proposal to intervene in Colorado River Compact negotiations.
Tetra Tech is seeing good demand for its services and its backlog reached an all-time high last quarter. Read why I have a neutral rating on TTEK stock.