Wedbush Sees Expanding Infrastructure and Energy Demand Driving Willdan Group's (WLDN) Upside

Willdan Group, Inc. (NASDAQ:WLDN) is included among the 12 Best HVAC Stocks to Buy Now.

On January 15, Wedbush raised its price recommendation on Willdan Group, Inc. (NASDAQ:WLDN) to $145 from $120. It maintained an Outperform rating on the stock. The firm pointed to a steady flow of growth opportunities as state and local governments, utilities, and commercial customers push to improve efficiency through new energy deployments and expanded infrastructure projects. Wedbush said these trends are increasingly playing to Willdan’s strengths.

Earlier in the month, on January 2, Willdan announced that it had completed its previously disclosed acquisition of Compass Municipal Advisors, LLC through its subsidiary, Willdan Financial Services. Compass is an independent municipal advisory firm based in the Southeastern US, though financial terms of the deal were not shared. Management expects the addition of Compass to broaden Willdan’s geographic reach and strengthen its municipal advisory and public finance offerings for clients.

Willdan Group, Inc. (NASDAQ:WLDN) provides professional, technical, and consulting services to utilities, government entities, and private-sector customers. Its operations are organized across two main segments: Energy and Engineering and Consulting.

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