Willdan Group, Inc. is gaining traction with growth in clean energy consulting services

From Nasdaq: 2024-09-19 04:00:00

Willdan Group, Inc. is gaining traction on Wall Street with its compelling pitch to clients in utilities, government, and private industry. They focus on transitioning communities to clean energy and sustainability, with deals in state governments and with tech giants like Meta.

This small-cap consulting firm is poised to benefit from the energy transition as the U.S. reduces reliance on fossil fuels. Willdan’s revenue has grown, and its stock has surged 90% in the last year, trading 30% below its peak in 2021. They work with various industries like healthcare, education, and data centers.

Willdan has secured contracts with major entities like Meta and the Clark County School District, driving growth and financial success. Their revenue increased by 19% in 2023 and 21% in 2022, with a 90% earnings beat in the second quarter. Earnings estimates have been on the rise, signaling a strong outlook.

The future looks bright for Willdan as they expand their services and client base. Their stock has outperformed the S&P 500, with a 90% surge in the last year. Despite this growth, Willdan shares trade below their 2021 peaks, with a strong technical level and valuation that indicates room for further growth.



Read more at Nasdaq: Bull of the Day: Willdan Group, Inc. (WLDN)