Willdan Group stock gains 1.84 percent on Mantis deal

Published on 09/23/2026 at 22:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Willdan Group stock was valued at USD 81.36 on September 23, 2026, after the company agreed to buy Mantis for USD 285 million. Q2 adjusted EPS reached USD 2.07 versus USD 1.30 consensus.

WMPN, US96924N1000, Illustration mit AI erstellt.

Willdan Group (ISIN US96924N1000) stood at USD 81.36 on Nasdaq on September 23, 2026 at 4:00 p.m. ET, up 1.84 percent. The company agreed to acquire Mantis Innovation for USD 285 million in cash, making the transaction the central test of its energy-services expansion.

Mantis deal adds scale

According to Investing.com on September 23, 2026, Willdan will acquire all of Mantis Intermediate Holdings for USD 285 million, subject to customary adjustments and regulatory approval. Mantis provides building controls, energy efficiency, energy advisory and facility management services.

The financing structure matters as much as the purchase price. Willdan plans to use a new USD 250 million term loan, cash on hand and borrowings under existing credit facilities, while the transaction is expected to close in the fourth quarter of 2026.

Q2 earnings set a high bar

Willdan reported USD 231.03 million in quarterly revenue and EPS of USD 2.07 against consensus of USD 102.27 million and USD 1.30, respectively, according to MarketBeat. The adjusted EPS comparison was a USD 0.77 beat, while the revenue figure was more than double the cited estimate.

The company also posted GAAP diluted EPS of USD 1.58 in Q2 2026, up from USD 0.55 in Q1 2026, while quarterly revenue rose from USD 155.114 million to USD 231.028 million. That sequential step-up gives the acquisition a demanding earnings benchmark.

Wedbush sets USD 130 target

MarketBeat reported on September 23, 2026 that Wedbush reaffirmed an Outperform rating and a USD 130.00 price target. The broader consensus target stood at USD 127.50, above the USD 81.36 Nasdaq price.

Stock stays below yearly high

Willdan stock stood at USD 81.36 on Nasdaq on September 23, 2026, with a market capitalization of USD 1.229 billion. Its 52-week range was USD 64.67 to USD 137.00, placing the latest price USD 55.64 below the yearly high.