We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Willdan Wins $30M Energy Savings Performance Contract in Fairfield
Read MoreHide Full Article
Willdan Group, Inc.’s (WLDN - Free Report) long-standing relationship with the City of Fairfield stems from its continuous support through engineering, special district and federal compliance, financial services and electrification strategies.
Underscoring this strategic long-term relationship, Willdan has announced a new $30 million energy savings performance contract for the City of Fairfield. Per the contract, the company’s work scope will ensure the expansion of the energy and infrastructure modernization services for the City of Fairfield’s critical facilities, including the City Hall, police department and other necessary areas.
This project is expected to enhance efficiency, sustainability and operational performance upon completion through several upgrades, including on-site solar photovoltaic energy generation, electric vehicle charging infrastructure and central plant renovations.
Willdan’s Contract Wins Boost Growth
Willdan has been immensely benefiting from its consistent contract wins, which have been aiding its growth prospects. This trend is reflected in the 11% year-over-year growth in contract revenues during 2024.
By the end of 2024, the company highlighted some of its key contract wins that are expected to prove profitable in the near term. WLDN won a $330 million five-year contract from the Los Angeles Department of Water and Power (LADWP). Per the company, this LADWP program has the potential to become the largest program on an annual basis. Furthermore, it won a $15 million commercial energy program from the Los Angeles County Regional Energy Network and a $6 million program for energy efficiency and regulatory support from the Central California Rural Regional Energy Network.
Image Source: Zacks Investment Research
Shares of this provider of professional, technical and consulting services have gained 6% in the year-to-date period, outperforming the Zacks Business - Services industry’s 4.2% growth. With the given project win trends and the current pipeline, the company is well-positioned to foster its top-line growth and margin expansion in 2025 amid the ongoing market uncertainties.
Sezzle, Inc. (SEZL - Free Report) presently sports a Zacks Rank of 1. The company has a trailing four-quarter earnings surprise of 142.4%, on average. The stock has lost 24.2% year to date.
The Zacks Consensus Estimate for Sezzle’s 2025 sales and earnings per share (EPS) indicates growth of 30.4% and 20.1%, respectively, from the year-ago period’s levels.
AppLovin Corporation (APP - Free Report) currently sports a Zacks Rank of 1. The company delivered a trailing four-quarter earnings surprise of 23.5%, on average. The stock has declined 19.1% year to date.
The Zacks Consensus Estimate for AppLovin’s 2025 sales and EPS indicates growth of 20.4% and 50.6%, respectively, from the prior-year levels.
Limbach Holdings, Inc. (LMB - Free Report) currently sports a Zacks Rank of 1. The company delivered a trailing four-quarter earnings surprise of 42.3%, on average. The stock has lost 14.5% year to date.
The Zacks Consensus Estimate for Limbach’s 2025 sales indicates growth of 17.4% while the estimate for sales indicates a decline of 4.2% from the prior-year levels.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Willdan Wins $30M Energy Savings Performance Contract in Fairfield
Willdan Group, Inc.’s (WLDN - Free Report) long-standing relationship with the City of Fairfield stems from its continuous support through engineering, special district and federal compliance, financial services and electrification strategies.
Underscoring this strategic long-term relationship, Willdan has announced a new $30 million energy savings performance contract for the City of Fairfield. Per the contract, the company’s work scope will ensure the expansion of the energy and infrastructure modernization services for the City of Fairfield’s critical facilities, including the City Hall, police department and other necessary areas.
This project is expected to enhance efficiency, sustainability and operational performance upon completion through several upgrades, including on-site solar photovoltaic energy generation, electric vehicle charging infrastructure and central plant renovations.
Willdan’s Contract Wins Boost Growth
Willdan has been immensely benefiting from its consistent contract wins, which have been aiding its growth prospects. This trend is reflected in the 11% year-over-year growth in contract revenues during 2024.
By the end of 2024, the company highlighted some of its key contract wins that are expected to prove profitable in the near term. WLDN won a $330 million five-year contract from the Los Angeles Department of Water and Power (LADWP). Per the company, this LADWP program has the potential to become the largest program on an annual basis. Furthermore, it won a $15 million commercial energy program from the Los Angeles County Regional Energy Network and a $6 million program for energy efficiency and regulatory support from the Central California Rural Regional Energy Network.
Image Source: Zacks Investment Research
Shares of this provider of professional, technical and consulting services have gained 6% in the year-to-date period, outperforming the Zacks Business - Services industry’s 4.2% growth. With the given project win trends and the current pipeline, the company is well-positioned to foster its top-line growth and margin expansion in 2025 amid the ongoing market uncertainties.
WLDN’s Zacks Rank & Other Key Picks
Willdan currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Here are other top-ranked stocks from the Business Services sector.
Sezzle, Inc. (SEZL - Free Report) presently sports a Zacks Rank of 1. The company has a trailing four-quarter earnings surprise of 142.4%, on average. The stock has lost 24.2% year to date.
The Zacks Consensus Estimate for Sezzle’s 2025 sales and earnings per share (EPS) indicates growth of 30.4% and 20.1%, respectively, from the year-ago period’s levels.
AppLovin Corporation (APP - Free Report) currently sports a Zacks Rank of 1. The company delivered a trailing four-quarter earnings surprise of 23.5%, on average. The stock has declined 19.1% year to date.
The Zacks Consensus Estimate for AppLovin’s 2025 sales and EPS indicates growth of 20.4% and 50.6%, respectively, from the prior-year levels.
Limbach Holdings, Inc. (LMB - Free Report) currently sports a Zacks Rank of 1. The company delivered a trailing four-quarter earnings surprise of 42.3%, on average. The stock has lost 14.5% year to date.
The Zacks Consensus Estimate for Limbach’s 2025 sales indicates growth of 17.4% while the estimate for sales indicates a decline of 4.2% from the prior-year levels.