Cantor Fitzgerald initiated coverage of Sterling Infrastructure, Inc. (NASDAQ:STRL) with an “Overweight” rating and a price objective of $413. The Engineering & Construction sector is expected to see a multi-year investment cycle due to electrification, grid modernization, energy transition initiatives, and increased power demand from data centers and reshoring.

Higher utility capex has led to record backlogs, offering revenue visibility and a strong project pipeline. Sterling Infrastructure, Inc. (NASDAQ:STRL) has transitioned towards higher-margin markets like semiconductors, data centers, and advanced manufacturing.

The acquisition of CEC by Sterling Infrastructure, Inc. (NASDAQ:STRL) has enhanced its integrated site development and electrical capabilities, broadening scope and improving project sequencing for increased margin synergies.

Sterling Infrastructure, Inc. (NASDAQ:STRL) provides e-infrastructure, transportation, and building solutions. While STRL shows investment potential, there are AI stocks with greater upside potential and lower downside risk, particularly in the context of Trump-era tariffs and onshoring trends.

Read more at Yahoo Finance: Cantor Fitzgerald Initiates Coverage of Sterling Infrastructure (STRL) Stock with an Overweight Rating