05:44 AM EST, 03/08/2024 (MT Newswires) -- (Updates with the stock move in the headline and the last paragraph.)

Willdan Group ( WLDN ) said late Thursday it won a new three-year contract with a New England utility to support multiple energy efficiency programs.

The company estimates the contract to be worth roughly $30 million to $50 million over the term period, it said.

Shares of the company rose nearly 16% in premarket activity Friday.

Price: 23.00, Change: +3.15, Percent Change: +15.87