Southern California Edison Awards ICF Energy Efficiency Contract Amendment

Rhea-AI Summary

ICF (NASDAQ: ICFI) said on Feb 19, 2026 it received a multi-million dollar contract amendment from Southern California Edison to expand implementation of the utility's Agricultural Energy Efficiency Program.

The amendment will more than triple ICF's role in the region, using ICF Sightline to deliver rebates, analytics and customer targeting for farms, dairies and horticulture facilities.

Positive

• Multi‑million dollar contract amendment awarded by Southern California Edison
• Role more than tripled in SCE's Agricultural Energy Efficiency Program
• ICF Sightline platform deployed for rebates and customer analytics
• Expanded services to farms, dairies, greenhouses and horticulture facilities
• Leverages prior delivery experience across North American utility programs

Negative

• None.

Market Reality Check

Price: $78.74 Vol: Volume 30,794 is 77% belo...

low vol

$78.74 Last Close

Volume Volume 30,794 is 77% below the 136,380 share 20-day average, showing muted trading. low

Technical Price $78.08 is 11.5% below the $88.20 200-day MA and 27.0% below the 52-week high.

Peers on Argus

ICFI fell 1.01% with light volume, while peers were mixed: CRAI up 1.32%, HURN u...

1 Down

ICFI fell 1.01% with light volume, while peers were mixed: CRAI up 1.32%, HURN up 1.27%, DGNX down 23.02%, SBC and FCN modestly lower. Only DGNX appeared in momentum data, moving down 1.12%, suggesting ICFI’s move is stock-specific.

Historical Context

5 past events · Latest: Feb 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 10	Leadership change	Positive	+0.9%	New senior leader appointed over energy, environment and infrastructure practice.
Feb 05	Security certification	Positive	-1.4%	Achieved CMMC Level 2 to strengthen federal cybersecurity positioning.
Feb 03	Infrastructure contract win	Positive	+1.3%	Awarded <b>$21M</b> Diridon Station environmental review contract in California.
Jan 22	Tech modernization deal	Positive	+1.2%	Secured <b>$64M</b> Pennsylvania insurance data modernization recompete contract.
Jan 13	European contracts	Positive	+1.9%	Won EU communications deals with ceiling near <b>$300M</b> over up to five years.

Pattern Detected

Recent contract and capability wins have usually seen modest positive price reactions, with one notable divergence on a cybersecurity certification update.

Recent Company History

Over the past months, ICF reported multiple contract wins and organizational developments. These included a $21 million California infrastructure contract on Feb 3, 2026, a $64 million Pennsylvania data modernization deal on Jan 22, 2026, and European communications awards with a ceiling near $300 million announced on Jan 13, 2026. Leadership appointments and a cybersecurity certification on Feb 5, 2026 complemented this pipeline. The new SCE agricultural energy efficiency contract amendment fits this pattern of expanding utility and infrastructure work.

Market Pulse Summary

This announcement highlights an expansion of ICF’s role in Southern California Edison’s agricultural...

Analysis

This announcement highlights an expansion of ICF’s role in Southern California Edison’s agricultural energy efficiency efforts, leveraging its ICF Sightline® analytics platform and experience running energy efficiency, electrification and demand management programs. It follows several recent contract wins and leadership changes that broaden its government and utility footprint. Investors may watch how this work contributes to backlog, revenue mix, and margins alongside upcoming earnings and any updates on longer-term contract pipelines.

Key Terms

energy efficiency, electrification, demand management

3 terms

energy efficiency technical

"expand its role as implementer of the utility's Agricultural Energy Efficiency Program"

Energy efficiency is using less energy to achieve the same level of service or output — like a car that goes farther on the same tank of fuel. For investors it matters because improving efficiency cuts operating costs, lowers exposure to energy price swings and regulations, can enhance asset value and profitability, and signals management focus on long-term resilience and competitiveness.

electrification technical

"ICF has delivered hundreds of energy efficiency, electrification and demand management programs"

Electrification is the process of replacing systems that run on fuel or other energy sources with electric-powered ones, such as switching from gasoline engines to electric motors. It matters to investors because it often signals a shift toward cleaner, more sustainable energy use, potentially transforming industries and creating new opportunities for growth and innovation.

demand management technical

"record growth in demand management, electrification and energy efficiency programs"

Demand management is a company’s ongoing process of predicting, shaping and responding to customer demand for its products or services so supply, production and pricing stay in balance. For investors, effective demand management is like a store stocking the right items at the right time and using promotions or price changes to avoid wasted inventory or lost sales; it affects revenue stability, margins and the company’s ability to grow without costly disruptions.

AI-generated analysis. Not financial advice.

Expanded Work Will Help Customers Cut Energy Use and Costs

RESTON, Va., Feb. 19, 2026 /PRNewswire/ -- ICF (NASDAQ: ICFI), a leading global solutions and technology provider, was recently awarded a multi-million dollar contract amendment by Southern California Edison (SCE) to significantly expand its role as implementer of the utility's Agricultural Energy Efficiency Program (AgEE Program), more than tripling the company's involvement and impact in the region's agricultural sector.

ICF will expand energy efficiency support for SCE agricultural customers, helping farms, dairies, greenhouses, horticulture facilities and more lower energy costs and improve operational efficiencies. Through a mix of rebates and advanced analytical tools, customers will be able to easily replace outdated equipment, target sources of high-energy usage, and adopt advanced technologies that improve energy efficiency.

ICF will leverage ICF Sightline®, one of the industry's most trusted customer program analytics platforms used by utilities and organizations, to process the rebates and identify and engage customers and stakeholders who can benefit most.

"ICF has partnered closely with SCE and key stakeholders to enhance the AgEE Program, expanding its reach and deepening trust with agricultural customers," said Kyle Wiggins, ICF senior vice president for energy, environment and infrastructure. "As these customers continue to navigate complex challenges such as evolving regulations, labor shortages and rising operational costs, the AgEE Program is designed to increase productivity, reduce expenses and strengthen business performance."

ICF has delivered hundreds of energy efficiency, electrification and demand management programs for the top North American utilities, helping them design and implement cost-effective programs that deliver maximum energy savings. The company's energy, technology and marketing experts collaborate with clients to increase program participation and make a lasting community impact through advanced customer insights and targeting, robust analytics and award-winning customer engagement.

About ICF
ICF is a leading global solutions and technology provider with approximately 9,000 employees. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.

Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and various risks and uncertainties related to health epidemics, pandemics, and similar outbreaks. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.

Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577

View original content to download multimedia:https://www.prnewswire.com/news-releases/southern-california-edison-awards-icf-energy-efficiency-contract-amendment-302692626.html

SOURCE ICF

FAQ

What did ICF (ICFI) announce on Feb 19, 2026 about Southern California Edison?

ICF announced a multi‑million dollar contract amendment to expand SCE's AgEE Program role, more than tripling involvement. According to ICF, the amendment enlarges implementation scope and uses ICF Sightline to deliver rebates, analytics and customer outreach across agricultural customers.

How will the ICF (ICFI) contract amendment affect agricultural customers served by SCE?

The amendment will expand energy efficiency support for agricultural customers, helping lower energy costs and improve operations. According to ICF, the program uses rebates and analytics to replace equipment, target high‑usage sources, and deploy advanced efficiency technologies.

What specific technology will ICF (ICFI) use for the expanded SCE AgEE Program?

ICF will leverage its ICF Sightline customer program analytics platform to process rebates and identify customers. According to ICF, Sightline will target stakeholders, optimize outreach and improve program participation and energy savings delivery.

Does the Feb 19, 2026 announcement disclose the exact contract value for ICF (ICFI)?

The announcement describes the award as a multi‑million dollar amendment but does not provide an exact dollar amount. According to ICF, the amendment significantly increases the company's role and regional impact without specifying value.

Which types of agricultural operations will benefit from the ICF (ICFI) expansion with SCE?

Farms, dairies, greenhouses, horticulture facilities and similar operations are included in the expanded program scope. According to ICF, these customers will receive rebates, analytics and outreach to reduce energy use and operational costs.

Why is ICF (ICFI) highlighting its experience in utility energy programs in the Feb 19, 2026 release?

ICF emphasized prior delivery of hundreds of efficiency, electrification and demand management programs to show capability. According to ICF, that experience supports effective program design, analytics, customer engagement and measurable energy savings for utilities.