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Fly News Breaks for June 15, 2018
WLDN
Jun 15, 2018 | 07:57 EDT
Roth Capital analyst Craig Irwin initiated Willdan Group with a Buy rating and $39 price target, telling investors in a research note that the company's 30% of 2017 revenue in California is a positive, as CPUC mandates increased outsourcing that should drive energy efficiency outsourcing to $1B by 2025 from $200M in 2017. He expects 10% long-term organic growth to be boosted by about 10% from acquisitions, as Willdan leverages cash flows to diversify.
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