- Sterling Infrastructure, Inc’s (NASDAQ:STRL) E-Infrastructure Solutions segment reported new awards totaling $215 million during 2Q22.
- Sterling’s E-Infrastructure projects include large-scale site development services for warehouses, data centers, e-commerce distribution centers, multi-use facilities, and industrial.
- “Our E-Infrastructure segment continued to see strong market demand and bookings in the quarter,” stated Joe Cutillo, Sterling’s CEO.
- The company indicated optimism for the remainder of 2022, citing strong warehouse demand coupled with the continued need for new data centers.
- Price Action: STRL shares are trading higher by 3.04% at $24.72 on the last check Wednesday.
EXCLUSIVE: Tesla Lowers Prices In China Because It Can, Not Because It Has To, Says Cathie Wood
Tesla's Chinese strategy forms a critical aspect of its global vision, Cathie Wood notes during "The Raz Report" interview.
