Small-Cap Stocks to Buy: Willdan Group (WLDN)
Willdan Group, Inc. (NASDAQ:WLDN) is an old school consulting firm that has been around for more than half a century. Its core business is working with state agencies, utilities and organizations primarily in New York and California for sustainability, engineering and homeland security services.
The last one, homeland security is certainly in the news a great deal these days. And that is very good for WLDN’s business. But it’s not just about building walls.
In Q1, which WLDN recently reported, contract revenue was up 102% year-over-year, and net income was up 145% year over year. And most of that was from its Energy Efficiency Services group. Homeland Security Services was blip on the balance sheet — for now.
That means there is still enormous potential growth built into WLDN in coming years. And as the services it’s currently providing grow as the economy expands, WLDN is in a prime position to benefit and grow its business.