Industrial Sector Ideas

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>>> Sterling Infrastructure (NASDAQ:STRL) is a construction company that specializes in e-infrastructure. This segment includes data centers, e-commerce distribution centers and warehouses, and multi-use facilities. As tech companies grow, they will need more properties for data storage.

https://finance.yahoo.com/news/market-mavericks-7-growth-stocks-154037454.html

It’s a boon for Sterling Infrastructure which has resulted in a 135% gain over the past year. Shares are up by an astonishing 512% over the past five years. The company is outperforming most of the big tech, and tailwinds for big tech trickle down to Sterling.

The company isn’t only invested in its e-infrastructure category. Sterling Infrastructure recently won big contracts for a major Nevada highway project and from the Lihue Airport in Hawaii in Kauai, Hawaii.

Sterling Infrastructure reported an 8% year-over-year revenue increase in Q4 2023. Net income was up by 99% year-over-year. The company’s midpoints for 2024 guidance are $2.17 billion for $160 million for net income. Those figures represent 10.2% and 15.4% year-over-year growth rates respectively.

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