NV5 Awarded $5 Million in Substation Design Contracts by Northeast Utilities
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NV5 Global, Inc. has been awarded $5 million in substation design contracts by Northeast utilities, enhancing grid reliability in New York and New Jersey. This contract supports NV5's growth in the Northeast utility sector.
February 06, 2025 | 1:15 pm
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NV5 Global, Inc. has secured $5 million in contracts for substation design from Northeast utilities, which will enhance grid reliability in New York and New Jersey. This contract is expected to contribute to NV5's double-digit organic growth in the Northeast utility sector.
The $5 million contract award from Northeast utilities is significant for NV5 as it strengthens their position in the utility sector and supports their growth strategy. The focus on enhancing grid reliability in key regions like New York and New Jersey further underscores the importance of this contract. The news is likely to positively impact NV5's stock price in the short term due to the potential for increased revenues and market expansion.
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