Sterling Infrastructure: Strong Margins Thanks to Focus on Data Centers and Semiconductor Factories

Sterling Infrastructure is a US-based construction services company specializing in e-infrastructure, transportation projects, and building solutions. The development of sites for data centers and semiconductor factories serves as a key growth driver. In the first quarter, revenues increased by 92% to $825.7 million. The high-margin e-infrastructure segment grew by 174%. The total order backlog, including highly probable project phases, was increased by 131% to $5.15 billion thanks to the CEC acquisition. Oppenheimer sees the price target...