On June 11, Sterling Construction Company rose 5.37% in pre-market trading, trading at $800.0/share, with trading volume of approximately $726,900.

On the news front, the company announced completion of its acquisition of Stone Ridge Contracting, a site development contractor, expanding its E-Infrastructure Solutions segment into the Pacific Northwest. Stone Ridge will serve markets including data centers, mining, and industrial projects across Idaho, Oregon, North Dakota, Washington, and Texas, and is expected to generate approximately $180 million in annual revenue. The purchase price consists of a combination of cash and Sterling stock, with a contingent payment tied to EBITDA performance through December 31, 2031.

The stock had previously pulled back sharply from highs above $1,000 after market concerns that elevated interest rates could slow debt-driven AI infrastructure buildout hammered data center supply chain stocks. The acquisition completion, combined with oversold recovery demand following that selloff, drove the pre-market rebound.

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