NV5 secured a $5 million contract for engineering design services on substations for data centers in Georgia and Nevada.
Quiver AI Summary
NV5 has announced that it has received a $5 million contract to provide engineering design services for high-voltage substations that will support data center facilities in Georgia and Nevada. The company will handle various tasks, including materials development specifications, design engineering, construction oversight, commissioning, and collaboration with electric utilities and data center teams. CEO Ben Heraud emphasized NV5's advantage in ensuring both the functionality of data centers and the power infrastructure necessary for their operation. The services offered will include relay settings, SCADA programming, and power system studies to ensure the safety and reliability of substations operating at voltage levels between 120 kV and 345 kV. NV5 operates over 100 offices and specializes in tech-enabled engineering solutions for the built environment.
Potential Positives
- NV5 has secured a substantial contract worth $5 million to provide engineering design services for high-voltage substations, which enhances its revenue and project portfolio.
- The project supports critical infrastructure for data center facilities, indicating NV5's role in the growing data center industry, which aligns with current technological trends.
- The CEO's statement highlights NV5's competitive advantage and multidisciplinary expertise, reinforcing the company's reputation in high-reliability environments.
- By integrating power infrastructure solutions, NV5 positions itself as a key player in ensuring the safety and reliability of essential utility services, benefiting both its clients and surrounding communities.
Potential Negatives
- The press release includes forward-looking statements that indicate uncertainty about future performance, citing potential risks such as changes in demand and competitive pressures.
- There is a lack of detailed information on how the awarded contract will impact the company's financials, making it difficult for stakeholders to assess the significance of this announcement.
- The mention of various risk factors suggests vulnerabilities that could affect the company’s business operations and financial health, highlighting potential weaknesses in the firm's market position.
FAQ
What services will NV5 provide for the $5 million project?
NV5 will deliver engineering design, construction oversight, materials specifications, and utility coordination for high-voltage substations.
Where are the substations that NV5 will support located?
The substations are located in Georgia and Nevada, supporting data center facilities in these states.
What voltage range will the substations operate within?
The substations will operate between 120 kV and 345 kV to maintain safety and stability.
Who is the CEO of NV5 and what did they say about this project?
Ben Heraud is the CEO of NV5, highlighting the company’s competitive advantage in supporting data center infrastructure.
What is NV5 Global, Inc. known for?
NV5 specializes in tech-enabled engineering, testing, inspection, and consulting solutions for the built environment and infrastructure resilience.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NVEE Insider Trading Activity
$NVEE insiders have traded $NVEE stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $NVEE stock by insiders over the last 6 months:
- RICHARD TONG (Exec VP and General Counsel) sold 20,000 shares for an estimated $401,670
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NVEE Hedge Fund Activity
We have seen 125 institutional investors add shares of $NVEE stock to their portfolio, and 97 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- EMERALD ADVISERS, LLC removed 702,679 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $13,540,624
- BLACKROCK, INC. added 635,564 shares (+6.7%) to their portfolio in Q1 2025, for an estimated $12,247,318
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 517,740 shares (+1325.2%) to their portfolio in Q1 2025, for an estimated $9,976,849
- BANK OF NEW YORK MELLON CORP added 402,506 shares (+26.6%) to their portfolio in Q1 2025, for an estimated $7,756,290
- EMERALD MUTUAL FUND ADVISERS TRUST removed 383,146 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $7,383,223
- AMERICAN CENTURY COMPANIES INC added 307,169 shares (+14.3%) to their portfolio in Q1 2025, for an estimated $5,919,146
- WELLINGTON MANAGEMENT GROUP LLP added 260,422 shares (+inf%) to their portfolio in Q1 2025, for an estimated $5,018,331
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOLLYWOOD, Fla., June 09, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of tech-enabled engineering, certification, and consulting solutions, announced today that it has been awarded $5 million to deliver engineering design services for multiple high-voltage substations supporting data center facilities in Georgia and Nevada. NV5 will deliver materials development specifications, design engineering, construction oversight, commissioning, and coordination between electric utilities and data center development teams.
“These awards demonstrate NV5’s competitive advantage supporting not just the operability of data centers, but also the utility infrastructure required to power data center assets and surrounding communities,” said Ben Heraud, CEO of NV5. “Our multidisciplinary expertise allows us to meet the complex requirements of high-reliability environments such as data centers with integrated power infrastructure solutions.”
NV5 will provide essential services including relay settings, SCADA and HMI programming, and comprehensive power system studies to maintain safety and stability of substations operating between 120 kV and 345 kV. The designs will incorporate multiple incoming transmission lines, high-capacity transformers, and advanced switchgear to ensure maximum reliability and operational flexibility.
About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a leading provider of tech-enabled engineering, testing, inspection, and consulting solutions for the built environment. The Company specializes in engineering design, asset management, and geospatial data analytics to support infrastructure resilience and building systems performance throughout the entire asset lifecycle. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on X, LinkedIn, and Facebook.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.
Investor Relations Contact
NV5 Global, Inc.
Jack Cochran
Executive Vice President, Strategic Growth & Investor Relations
Tel: +1-954-637-8048
Email: [email protected]
Source: NV5 Global, Inc.
