Sterling Infrastructure: Solid Q2 Earnings Back Up My Bullishness

Summary:

  • Sterling Infrastructure stock has rallied 47% since October 2023, outperforming the market since my initial thesis went live.
  • Recent developments show strong revenue growth, operating margin expansion, and raised guidance for FY 2024, indicating bullish signs for investors.
  • Valuation update suggests massive undervaluation with a vast upside potential.
Business on Wall Street in Manhattan

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Investment thesis

My initial bullish thesis about Sterling Infrastructure (NASDAQ:STRL) aged well as the stock delivered a 47% rally since October 2023, substantially outperforming the broader U.S. market. The stock still has a high Seeking Alpha Quant rating, and I think it will


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