On June 22, Sterling Construction Company In rose 5.05% in regular trading, trading at $903.03/share, with turnover of $132 million.

On the news front, the company recently completed its acquisition of site development contractor Stone Ridge Contracting, expanding its E-Infrastructure business into the Pacific Northwest region. The acquisition covers services including data centers, mining, and industrial projects across Idaho, Oregon, North Dakota, Washington, and Texas, and is expected to contribute approximately $180 million in annual revenue.

The stock had previously pulled back sharply from highs above $1,000 due to market concerns that elevated interest rates could suppress AI infrastructure construction spending. The acquisition completion further strengthens the company's positioning within the data center supply chain. Combined with oversold recovery demand, shares have extended their rebound trajectory. Within the Construction & Engineering sector, Arcosa Inc rose 7.23%, MasTec rose 3.80%, Comfort Systems USA rose 2.67%, Quanta rose 2.31%, and EMCOR Group rose 0.77%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)