Sterling Infrastructure Announces ~$100M Data Center Project Award
Portfolio Pulse from Benzinga Newsdesk
Sterling Infrastructure's subsidiary, Plateau Excavation, has been awarded a $100M data center project in the southeastern U.S., covering 280 acres and including 125,000 linear feet of underground infrastructure. Work begins in Q2 2024.
March 18, 2024 | 12:08 pm
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POSITIVE IMPACT
Sterling Infrastructure's subsidiary, Plateau Excavation, has secured a significant $100M data center project, indicating potential growth and expansion for STRL.
The award of a $100M project to Sterling Infrastructure's subsidiary is a significant development, indicating potential revenue growth and expansion in the infrastructure sector. This project could enhance STRL's market position and investor confidence, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90