Willdan Group, Inc. (WLDN) operates at the intersection of energy, infrastructure and public-sector services. The company focuses on helping utilities, governments and commercial clients manage rising power needs and complex infrastructure requirements. Utility programs and planning work remain central to the business model. These areas provide visibility, recurring activity and long-term client relationships. The question is that heading into 2026 whether these strengths can keep driving growth in a changing energy landscape.
Business momentum reflects broad-based progress across both operating segments. Utility programs remain a key contributor, supported by stable multi-year contracts and growing program sizes. Planning and construction management work has also shown solid traction, reflecting higher demand from utilities, municipalities and commercial customers. Geographic expansion and new contract wins have added to this momentum, allowing the company to diversify its project mix while maintaining focus on core energy services.
During the first nine months of 2025, contract revenues increased 20% year over year to $508 million, while net revenues rose 27% to $275 million. This growth underscores steady execution across service lines, with utility programs and planning work playing a meaningful role. Municipal demand stayed healthy, supported by funding mechanisms such as user fees and bonds, which helped provide stability even amid broader market uncertainty.
Looking ahead, electric load growth is expected to rise over the next decade, driven by data centers and electrification trends. New data centers require high-voltage power, dedicated substations and complex utility interconnections. Willdan supports clients across the full project lifecycle, from early planning and engineering to power delivery and energy optimization after facilities come online. Each phase builds on the last, creating cross-selling opportunities across service lines.
The company also reports a solid pipeline of opportunities that is actively converting into contracts, providing visibility into 2026. With utility programs and planning work aligned to long-term energy demand trends, these areas are positioned to remain key growth drivers.
WLDN’s Price Performance vs. Other Market Players
Shares of Willdan have gained 22% in the past three months against the Zacks Business - Services industry’s 1% fall. In the same time frame, shares of other industry players, such as APi Group (APG) have gained 17%, while ABM Industries (ABM) and Bowman Consulting Group (BWMN) have fallen 3.5% and 18.3%, respectively.
Price Performance
Image Source: Zacks Investment Research
Willdan’s Valuation Trend
From a valuation standpoint, WLDN trades at a forward 12-month price-to-earnings ratio of 25.26X, up from the industry’s 18.66X.
Image Source: Zacks Investment Research
APi Group, ABM Industries and Bowman Consulting Group have a forward P/E of 24.83X, 10.47X and 20.6X, respectively.
EPS Trend of WLDN
Willdan’s earnings estimate for 2026 has remained unchanged in the past 60 days at $4.53 per share. The estimated figure for 2026 indicates 9.6% year-over-year growth.
Image Source: Zacks Investment Research
Willdan currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>ABM Industries Incorporated (ABM) : Free Stock Analysis Report
Willdan Group, Inc. (WLDN) : Free Stock Analysis Report
APi Group Corporation (APG) : Free Stock Analysis Report
Bowman Consulting Group Ltd. (BWMN) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
