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Willdan Shares Shoot Up on AI Demand

Says AI driving more demand from utilties

Shares of Willdan Group, Anaheim’s most valuable publicly traded company (Nasdaq: WLND), shot up 20% in after-hours trading after reporting second-quarter results that surpassed analyst estimates.
Shares of the provider of environmental engineering services climbed to $39 after closing the day at $33.18 and a $458 million market cap.
The company reported an adjusted profit of 55 cents a share on revenue of $72.5 million, topping the average of two analysts for a 29-cent profit on $63.7 million in sales.
“We had a strong second quarter, exceeding consensus estimates and our own expectations,” Chief Executive Mike Bieber said in a statement. “The electric load growth macrotrend strengthened over the quarter, fueled by growth in electricity demand at data centers from artificial intelligence.”
The company boosted its annual forecast to a profit of $2 to $2.10 a share on sales of $280 million to $290 million. The analysts expected $1.85 a share on sales of $280.1 million.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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