Alameda County selects Willdan for $97 million energy upgrade contract

ANAHEIM, Calif. - Willdan Group, Inc. (NASDAQ:WLDN) has been awarded a $97 million contract by Alameda County, California, to design and implement energy and infrastructure upgrades across 24 county sites, according to a press release statement. The contract adds to Willdan’s impressive revenue growth of 12.9% over the last twelve months, with the company currently valued at approximately $1.37 billion in market capitalization.

The energy savings performance contract includes electrification of major HVAC systems, solar PV generation, EV charging stations, and various efficiency and decarbonization upgrades. The project aims to reduce annual carbon emissions by approximately 1.7 metric tons of CO2e.

As part of the agreement, Willdan will also provide consulting services to help the county identify external funding opportunities that could reduce out-of-pocket costs.

"These projects build on our 24-year history of service to Alameda County," said Mike Bieber, Willdan’s Chief Executive Officer.According to InvestingPro data, Willdan has delivered remarkable returns, with its stock price surging 144.47% year-to-date and 104.12% over the past year. The company appears currently overvalued based on InvestingPro’s Fair Value assessment, despite trading at a low P/E ratio relative to its near-term earnings growth.

Alameda County, established in 1853, is the seventh-most populous county in California with more than 1,680,000 residents. The county encompasses 14 incorporated cities, including Oakland, which serves as both its largest city and the seat of county government.

Willdan Group provides professional, technical, and consulting services to utilities, government agencies, and private industry nationwide. The company’s service portfolio includes electric grid solutions, energy efficiency and sustainability, energy policy planning, and municipal financial consulting.

The contract represents a continuation of the long-term relationship between Willdan and Alameda County, focusing on infrastructure modernization and energy efficiency improvements. Analysts expect Willdan to grow its net income this year, with the company already profitable over the last twelve months. Discover 15 more exclusive ProTips and comprehensive analysis in the Pro Research Report available on InvestingPro, which transforms complex Wall Street data into actionable intelligence for smarter investing decisions.

In other recent news, Willdan Group Inc. reported strong financial results for the third quarter of 2025, exceeding both earnings and revenue expectations. The company achieved an earnings per share of $1.21, outperforming the forecasted $0.82 by a notable margin. Revenue for the quarter reached $95 million, surpassing projections by 22.58%. These results highlight a significant earnings surprise of 47.56%. Despite the robust financial performance, the company’s stock experienced a decline in regular trading. These developments reflect the latest updates regarding Willdan Group’s financial standing.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.