While the contract win is strategically positive and expands Parsons' footprint in the smart grid space, the lack of disclosed value limits immediate financial impact. Traders should monitor for future contract value disclosures or option exercises that could increase revenue visibility.
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Executive Summary
Parsons Corporation (PSN) announced a contract with the Los Angeles Department of Water & Power (LADWP) to provide a Demand Response Management System (DRMS) aimed at enhancing grid resiliency and expanding demand response capacity by over fourfold. The system enables interoperability across critical utility platforms and supports LADWP’s goal of achieving 100% clean electricity by 2035. This contract reinforces Parsons' position in the smart grid and distributed energy resource management market.
Key Facts
- Parsons awarded contract by LADWP for Demand Response Management System (DRMS).
- System will expand LADWP’s demand response capacity by over fourfold.
- Contract supports LADWP’s goal of 100% clean electricity by 2035 or sooner.
- Parsons DRMS enables interoperability with MDM, SCADA, ADMS, billing, and customer care systems.
- No dollar value disclosed for the five-year contract.
Financial Impact
undisclosed amount
Risk Factors
- Contract value not disclosed, limiting ability to assess financial significance.
- Execution risk over five-year term, including integration with legacy systems.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3276815 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | Press Release | $42.10 $42.02 | ▼ −0.19% | ▲ +0.05% | $50.73 (+20.50%) |
Sep 29, 2026 28d ago | Press Release | $41.55 $40.97 | ▼ −1.40% | ▼ −1.19% | $50.73 (+22.09%) |
Jul 29, 2026 12w ago | 8-K | $40.32 $43.17 | ▼ −7.07% | ▼ −5.39% | $50.73 (−25.82%) |
Jul 16, 2026 14w ago | GOVT-CONTRACT | $56.05 $55.48 | ▼ −1.02% | ▼ −0.86% | $50.73 (−9.49%) |
Jul 7, 2026 16w ago | Press Release | $56.48 $56.63 | ▲ +0.27% | ▲ +0.57% | $50.73 (−10.18%) |
Jul 1, 2026 16w ago | Press Release | $53.16 $56.29 | ▲ +5.89% | ▲ +6.02% | $50.73 (−4.57%) |
Jun 16, 2026 19w ago | Press Release | $55.66 $54.82 | ▼ −1.51% | ▼ −0.26% | $50.73 (−8.86%) |
Jun 15, 2026 19w ago | Press Release | $55.49 $55.66 | ▲ +0.31% | ▲ +0.90% | $50.73 (−8.58%) |
Jun 9, 2026 20w ago | Press Release | $58.51 $56.47 | ▼ −3.49% | ▼ −1.91% | $50.73 (−13.30%) |
Jun 8, 2026 20w ago | Press Release | $57.83 $58.51 | ▲ +1.18% | ▲ +1.47% | $50.73 (−12.28%) |
US Market Status
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