Shimmick Preferred Bidder on $156 Million in New Infrastructure Contracts Across California
Rhea-AI Summary
Shimmick Corporation (NASDAQ:SHIM) has been selected as preferred bidder for four infrastructure contracts totaling $156 million in California, with $47 million dedicated to electrical work. The projects include a $116 million wastewater infrastructure upgrade in Modesto, a $24 million power distribution system improvement in Huntington Beach, and two $8 million projects in Nicolaus and Perris.
The largest project involves constructing a 40 million gallon per day pump station in Modesto, while other projects focus on electrical system modernization, pump station construction, and aeration basin rehabilitation. These contracts demonstrate Shimmick's growing presence in water and electrical infrastructure markets, with project commencements expected in Q3 2025.
[ "Secured preferred bidder status for $156 million in new infrastructure contracts", "Diversified project portfolio across water and electrical infrastructure", "Strong presence in California's essential infrastructure market", "Projects aligned with company's 2025 growth strategy" ]AI-generated analysis. Not financial advice.
Positive
- None.
Negative
- Projects not yet formally awarded
- Geographic concentration risk with all projects in California
News Market Reaction – SHIM
On the day this news was published, SHIM declined 4.07%, reflecting a moderate negative market reaction. Argus tracked a peak move of +11.6% during that session. Argus tracked a trough of -26.5% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $3M from the company's valuation, bringing the market cap to $63.51M at that time. Trading volume was elevated at 2.8x the daily average, suggesting increased selling activity.
Data tracked by StockTitan Argus on the day of publication.
Shimmick continues to expand its position in electrical and critical water infrastructure with recent project wins
IRVINE, Calif., July 31, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation (“Shimmick” or the “Company”) (Nasdaq: SHIM), a national leader in complex infrastructure solutions, has been selected as preferred bidder on four new contracts for new and existing clients, totaling approximately
“These projects underscore the confidence our clients continue to place in Shimmick’s ability to deliver complex infrastructure solutions,” said Ural Yal, CEO of Shimmick. “From water and wastewater resilience to power reliability, we’re proud to deliver the solutions that modernize and safeguard California’s essential infrastructure systems. These new projects are well aligned with our strategy for growth in the water and electrical infrastructure markets in 2025 and beyond. We look forward to partnering with our clients to deliver these important water infrastructure projects”
River Trunk Realignment - River Pump Station,
This project for the City of Modesto is a vital wastewater infrastructure upgrade that will reroute sanitary sewer flows out of the current River Trunk Pipeline between the Gallo Winery property and the Sutter Avenue Primary Treatment Facility (SAPTF). The scope includes construction of a 40 million gallon per day (mgd) pump station and installation of multiple sewer force main gravity lines and a diversion structure.
OC San J-98 Power Distribution System Improvements,
This project for the Orange County Sanitation District will replace, upgrade and modernize electrical distribution systems at two wastewater treatment plants, enhancing systemwide operational safety and reliability. The scope includes switchgear replacement, new SCADA integration, protective relays, arc flash mitigation, and load shedding systems.
RD1001 Auxiliary Pump Station,
This project for Reclamation District 1001 includes the construction of a dual-level steel-frame pump station along the Natomas Cross Canal North Levee. The scope includes the installation of two vertical turbine pumps with propane-powered units, discharge piping, and concrete vault and outfall structures.
Perris Valley RWRF Aeration Basin Rehabilitation and Diffusers Replacement,
This project for the Eastern Municipal Water District includes the rehabilitation and modernization of aeration basins at the Perris Valley Regional Water Reclamation Facility. The scope includes replacement of stainless steel aeration pipelines, installation of new tubular diffusers, actuated valves, flowmeters, and control system upgrades.
About Shimmick
Shimmick Corporation (NASDAQ: SHIM) is an industry leader in delivering turnkey infrastructure solutions that strengthen critical markets across water, energy, climate resiliency, and sustainable transportation. We integrate technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions that accelerate economic growth and empower communities nationwide. With a track record that spans over a century, Shimmick, and its electrical subsidiary Axia Electric, headquartered in California, unite deep engineering heritage with entrepreneurial spirit to tackle today's most complex infrastructure challenges. For more information, visit www.shimmick.com.
Investor Relations Contact:
1-949-704-2350
IR@shimmick.com
Media Contact:
Tonya Sandman, Director of Marketing & Communications
tonya.sandman@shimmick.com
