NV5 Receives $9 Million Wildfire Mitigation Contracts

MT Newswires Live

03/24

NV5 Global (NVEE) said Monday it received $9 million in contracts from "major" utility clients in the US to support wildfire mitigation and resiliency efforts.

The company said it was chosen by a Texas utility for a geospatial vegetation management project while a Western utility awarded a contract to collect updated geospatial remote sensing data for enhanced asset and vegetation risk assessments.

NV5 also said an investor-owned utility in northern California expanded the company's annual transmission vegetation management contract to include an evaluation of tree health and mortality in high fire-risk areas.

The company's shares were up 3.9% in recent Monday trading.

Price: 19.42, Change: +0.72, Percent Change: +3.85

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