Tag: utilities
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UTF: Cheap on P/E, but Cash Conversion Still Clouds the Case | Equity Research
UTF is rated HOLD as its low 6.8x trailing P/E is offset by weak cash generation and limited liquidity. Despite strong operating margins and solid ROE, operating cash flow remains negative, making the current setup hard to underwrite.
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Willdan Group (WLDN) Energy Efficiency — Equity Research
Willdan Group (WLDN) is a Buy-rated energy efficiency and engineering services name with sticky utility relationships and a nationwide footprint. Despite modest margins, the company’s 18.8x forward P/E and leveraged balance sheet make cash flow execution central to the investment case.