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RESTON, Va. - ICF (NASDAQ:ICFI), a $1.82 billion market cap consulting and technology firm with annual revenues of nearly $2 billion, has been awarded a $40 million multi-year contract to implement residential energy programs across six Southern California counties, the company announced Monday.
The contract, awarded in the second quarter of 2025, will focus on integrating energy and electrification upgrades into existing homes. ICF, which maintains a healthy financial profile with a "GOOD" overall health score according to InvestingPro, will collaborate with local community organizations and trade allies to deliver these improvements.
The program aims to help thousands of households improve indoor air quality, reduce energy bills, and strengthen resilience to extreme heat while reducing strain on the power grid.
ICF will utilize its Sightline analytics platform to identify communities with the greatest needs and monitor program performance. The company will also employ digital twin technology to simulate and analyze grid impact before deployment.
"Communities across the country are experiencing a tension between reliable power and affordability," said Anne Choate, ICF executive vice president for energy, environment and infrastructure.
The company describes itself as one of the top utility program providers and residential electrification implementors in North America, offering services ranging from strategy and planning to implementation and customer engagement.
ICF, founded in 1969, currently employs approximately 9,000 people globally, according to the press release statement. The company’s stock has shown strong performance in recent months, with InvestingPro data revealing two analysts have recently revised their earnings expectations upward. For deeper insights into ICF’s financial health and growth potential, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, ICF International reported its second-quarter 2025 earnings, showcasing a notable performance with an earnings per share (EPS) of $1.66, which exceeded analyst expectations of $1.57. Despite this earnings success, the company did not meet revenue projections, recording $476 million compared to the anticipated $482.84 million. In addition to their financial results, ICF has launched the ICF Fathom AI suite, a new set of artificial intelligence solutions aimed at federal government agencies. This offering is designed to integrate intelligent AI agents into existing workflows, enhancing decision-making and productivity while reducing waste in government functions. These developments reflect ICF’s ongoing efforts to innovate and adapt its services to meet the needs of government clients.
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