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ANAHEIM, Calif. - Willdan Group, Inc. (NASDAQ: WLDN), a company currently valued at $617 million with strong year-over-year revenue growth of ~11%, has secured a contract valued at $17.7 million to implement solar power and electric vehicle charging infrastructure for Paramount Unified School District in California. The project encompasses the installation of 2.2 megawatts of solar arrays and 44 level 2 electric vehicle charging stations across 11 district sites. According to InvestingPro analysis, the company’s stock has delivered an impressive 55% return over the past year, though technical indicators suggest the stock may be currently overbought.
The initiative is designed to reduce the district’s carbon footprint by cutting over 1,100 metric tons of CO2 emissions each year. Mike Bieber, CEO of Willdan, expressed gratitude for the opportunity to further the company’s commitment to sustainability and clean energy, building upon its longstanding relationship with the City of Paramount. The company maintains a healthy financial position with a current ratio of 1.71, indicating strong ability to meet short-term obligations.
Paramount Unified School District, based in Paramount, California, serves several cities in the region and operates numerous educational facilities, including elementary and middle schools, a high school, and other specialized centers.
Willdan, a provider of professional and technical services, offers a variety of solutions to government agencies, utilities, and private industry sectors, including energy efficiency, sustainability, and engineering services. InvestingPro rates the company’s overall financial health as "GREAT" with a score of 3.28, supported by moderate debt levels and consistent profitability. Discover more insights about Willdan and 1,400+ other stocks through comprehensive Pro Research Reports, available exclusively with an InvestingPro subscription.
The announcement is based on a press release statement and includes forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Willdan has cautioned that actual results could differ from those projected in any forward-looking statements due to various risk factors, including those periodically reported in filings with the Securities and Exchange Commission.
In other recent news, Willdan Group Inc. reported a strong fourth quarter for 2024, significantly exceeding earnings and revenue forecasts. The company posted an earnings per share (EPS) of $0.75, surpassing the projected $0.52, while revenue reached $144.1 million, outperforming the expected $118.5 million. For the full year, Willdan Group saw an 11% increase in contract revenue, totaling $566 million, and a 24% rise in adjusted EBITDA to $56.8 million. Additionally, the company generated $64 million in free cash flow, equivalent to $4.49 per share.
Willdan Group also announced a new $330 million contract with the Los Angeles Department of Water and Power, set to gain momentum in the latter half of 2025. The company continues to expand its technical capabilities with the acquisition of Alternative Power Generation, which specializes in utility-scale electrical engineering. Analysts have noted the company’s robust performance, with Roth Capital Partners recognizing the renewal and expansion of significant contracts. These developments reflect Willdan Group’s strategic focus on energy efficiency and infrastructure solutions, positioning it for continued growth.
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