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Willdan Group (WLDN) Awarded $67 Million Contract From Consolidated Edison (ED)

August 25, 2009 7:03 AM EDT
WLDN Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

Revenue Growth %: +12.3%
Willdan Group, Inc. (NASDAQ: WLDN) announced that its wholly-owned subsidiary, Willdan Energy Solutions (WES), was awarded a $67 million contract with Consolidated Edison Company of New York, Inc., (Con Edison), a subsidiary of Consolidated Edison, Inc. (NYSE: ED), to implement Con Edison's new energy efficiency program for small business customers. The initial contract work will commence in the current quarter, with most of the work scheduled to be completed by the end of 2011.

As the program implementation contractor, WES' responsibilities will span marketing outreach, completing on-site energy efficiency surveys, implementing energy-saving projects, and partnering with the community and local businesses.[SM]

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