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Stock impact report

NV5 Awarded $46 Million in Contracts by Western Utilities to Support Fire Mitigation and Grid Hardening Efforts

NV5 Global, Inc. (NVEE) 
Last nv5 global, inc. earnings: 2/26 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.nv5.com/investor-overview
Company Research Source: GlobeNewswire
HOLLYWOOD, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that it has been awarded $46 million in recent contracts to support electrical grid hardening and fire mitigation efforts in the Western United States. Under the scope of these awards, NV5 will provide engineering design, traditional and geospatial surveying, construction quality assurance, and downed pole monitoring (DPM) services. NV5 was awarded $38 million for engineering design, surveying, quality assurance, and permitting assistance for the strategic undergrounding of electrical transmission and distribution power lines. These strategic undergrounding projects mitigate the risk of wildfires, reduce potential accidents and injuries, and improve the reliability of electrical service delivery. NV5 was also awarded $8 million in grid hardening projects including downed pole monitoring, permitting assistance, surveying, and substation improveme Show less Read more
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