Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Mayfield Group Holdings Limited ( (AU:MYG) ) has shared an update.
Mayfield Group Holdings Limited has secured $27 million in contracts to supply over 90 switchboards for a major Australian data center development, boosting its work-in-hand to $125 million, extending into FY27. This development strengthens Mayfield’s position in the growing data center sector, driven by increasing AI computing demands, and aligns with the company’s strategy to capitalize on Australia’s digital transformation and energy transition, ensuring robust revenue growth and industry positioning.
More about Mayfield Group Holdings Limited
Mayfield Group Holdings Limited is a leading Australian manufacturer and service provider of electrical infrastructure solutions. The company specializes in engineering, manufacturing, implementing, and servicing critical electrical systems, particularly for data centers and the evolving energy ecosystem. Mayfield operates through various businesses, including Mayfield Industries, Mayfield Services, and ATI Australia, focusing on modular electrical infrastructure, asset management services, and telecommunications.
YTD Price Performance: 30.0%
Average Trading Volume: 63,392
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$85.69M
Learn more about MYG stock on TipRanks’ Stock Analysis page.