Willdan Seen Well Positioned for Grid, Data-Center Demand, Wedbush Says

MT Newswires Live04-28 23:45

Willdan Group (WLDN) stands to benefit from accelerating grid-modernization spending and rising data-center demand, suggesting the recent pullback in the stock was excessive, Wedbush Securities said Tuesday in a report.

The company is positioned to capture increased US infrastructure investment as policymakers prioritize grid capacity and reliability amid shortages in transformers and transmission equipment, the report said.

Willdan's work in substations, switchgear and power-systems engineering is also expected to see stronger demand as AI-driven data-center buildouts expand, the report said. The company's 2025 acquisition of APG added deeper expertise in substation design and construction management, strengthening its commercial-sector capabilities, Wedbush said.

Despite near-term pressure from the expiration of the 179D energy-efficiency tax incentive, Willdan's longer-term outlook remains supported by expectations for double-digit EBITDA growth and a strengthening pipeline of project demand, the report said.

Wedbush maintained its outperform rating on Willdan stock with a price target of $145.

Price: 70.48, Change: +3.57, Percent Change: +5.33

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