Willdan Group: Growth Still Supports The Valuation

Willdan Group is capitalizing on grid investment, energy efficiency, and data-center power demand, driving robust growth and margin expansion. WLDN's margin reset, with a high-20s adjusted EBITDA margin target, is supported by a shift toward higher-margin commercial and data center projects. Recent acquisitions—Burton Energy and APG—add recurring revenue, national scale, and exposure to AI-driven data center infrastructure demand. I rate WLDN a buy, as raised 2026 guidance and strong execution make its mid-teens multiple attractive relative to growth and peers. Introduction Willdan Group ( WLDN ) has attracted a lot of bullish attention, Wall Street is positive, and the company is now being valued as a real beneficiary of grid investment, energy efficiency, commercial energy management and data-center power demand. Still, I think the