On June 25, Sterling Construction rose 5.82% in regular trading, trading at $919.0/share, with turnover of $186 million. The stock continues its upward trajectory as the recently completed acquisition of Stone Ridge Contracting sustains positive market sentiment.

Sterling Infrastructure completed the acquisition of Stone Ridge Contracting in early June, 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 comprises a combination of cash and Sterling stock, with a contingent payment tied to EBITDA performance through December 31, 2031.

The stock had previously retreated sharply from highs above $1,000 amid concerns that elevated interest rates could dampen AI infrastructure buildout. The acquisition landing, combined with oversold recovery demand, has propelled the ongoing rebound. Additionally, Oppenheimer recently initiated coverage with an Outperform rating and a $950 price target, citing Sterling's positioning among top specialty service providers and its high-margin e-infrastructure backlog.

(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.)