2024-03-11 01:23:14 ET
Summary
- Sterling Infrastructure Q4 earnings were highlighted by solid growth and climbing margins.
- The company is benefiting from the demand for new data centers amid the AI-tech boom within its E-Infrastructure group.
- We like the stock, but believe shares are pricey following its big rally over the past year.
Sterling Infrastructure ( STRL ) reported its latest quarterly earnings, highlighted by strong margins and a positive management outlook. The construction company has emerged as a somewhat surprising winner amid the AI tech boom through its specialty in building data center projects from the ground up. Indeed, STRL is up more than 160% over the past year, with the performance supported by solid fundamentals....
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Sterling Infrastructure: Capturing The AI Data Center Construction Demand Boom