Sterling Infrastructure's E-Infrastructure Segment Drives Share Boost

Sterling Infrastructures shares surged today due to their robust position in the infrastructure sector, particularly in high-growth areas. Their E-Infrastructure segment, handling projects for data centers, manufacturing, and e-commerce, drove significant gains. With a project backlog of $2.6 billion, $1.8 billion from E-Infrastructure, the company is well-placed to benefit from onshoring trends and semiconductor projects. Despite a slight dip, shares closed at $335.38, up 0.4% from the previous close, reflecting market optimism but not a complete shift in sentiment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.