Willdan Wins $11M Energy & Infrastructure Project in California

Core Insights - Willdan Group, Inc. has secured an $11 million energy and infrastructure modernization project from the City of South Lake Tahoe, CA, aimed at reducing carbon emissions and enhancing long-term infrastructure [1][2] - The project includes the installation of a cogeneration microturbine, photovoltaic solar panels producing 415 kWdc, advanced building automation systems, energy-efficient power transformers, and a new CO2 ice plant [3] - Willdan has experienced consistent contract wins, with a total of 14 reported projects in 2024, indicating strong growth prospects [5][6][7] Company Performance - Willdan's stock declined by 2.8% during trading hours on a recent Tuesday [4] - Over the past six months, Willdan's shares have gained 23.9%, significantly outperforming the Zacks Business - Services industry's growth of 0.5% [9] - The ongoing contract wins are expected to drive the company's performance, particularly due to increased electricity demand from data centers influenced by artificial intelligence trends [9]