GenusPlus Group (ASX:GNP) remains "very well positioned" for multi-year growth amid strong demand across transmission and renewable energy, supported by a AU$2.2 billion order book, Euroz Hartleys said in a Thursday note.

The note came after the company secured a AU135 million design and construct contract from Atmos Renewables for electrical infrastructure works at the Parron Maam Marang Farm project in Western Australia.

The project is supported by the federal government's capacity investment scheme, "adding another sizeable transmission and renewable connection project" to GenusPlus Group's workload, the equity research firm said.

The company has already started early works, including detailed design, procurement of long-lead items, and bulk earthworks.

Euroz Hartleys has a buy rating on GenusPlus with a price target of AU$13.56 per share.

GenusPlus shares fell 2% in recent Friday trade.