Core Viewpoint - Willdan Group, Inc. has been awarded a $112 million energy savings performance contract by the City of San Diego, focusing on energy and water efficiency improvements across multiple city facilities [1] Group 1: Contract Details - The contract will support energy and water efficiency across 40 city facilities [1] - It includes the decarbonization of 23 facilities and upgrades to 39,000 city-owned streetlight fixtures [1] Group 2: Project Components - The projects will involve electrification measures and battery energy storage systems [1] - Electrification will also be applied to HVAC and water heating systems [1]

Core Insights - Willdan Group, Inc. has a long-standing relationship with the City of Fairfield, providing various services including engineering and financial services [1] - The company has announced a new $30 million energy savings performance contract with the City of Fairfield, aimed at modernizing critical facilities [2] - The project will enhance efficiency and sustainability through upgrades such as solar energy generation and electric vehicle charging infrastructure [3] Contract Wins and Growth - Willdan has experienced significant growth due to consistent contract wins, with an 11% year-over-year increase in contract revenues projected for 2024 [4] - Key contract wins include a $330 million five-year contract from the Los Angeles Department of Water and Power, a $15 million commercial energy program, and a $6 million energy efficiency program [5] - The company's shares have increased by 6% year-to-date, outperforming the industry average growth of 4.2% [6] Market Position and Future Outlook - Willdan is well-positioned for top-line growth and margin expansion in 2025, supported by its project win trends and current pipeline [6] - The company currently holds a Zacks Rank of 1 (Strong Buy), indicating strong market confidence [7]