SCEE Group Secures Over $110 Million in New Contracts

Southern Cross Electrical Engineering Limited ( (AU:SXE) ) has shared an announcement.

Southern Cross Electrical Engineering Limited has secured over $110 million in awards through its subsidiaries, SCEE Electrical and Trivantage Manufacturing. These include a four-year extension with Energy Queensland Limited for asset inspection and maintenance, a new five-year Master Services Agreement with Newmont Mining Services for electrical support at the Boddington gold mine, and contracts for supplying switchboards for the Sydney Metro and a development in Sydney’s Darling Harbour. These awards highlight SCEE Group’s strategy to enhance recurring revenue streams and strengthen its position in major infrastructure projects.

The most recent analyst rating on (AU:SXE) stock is a Buy with a A$2.25 price target. To see the full list of analyst forecasts on Southern Cross Electrical Engineering Limited stock, see the AU:SXE Stock Forecast page.

More about Southern Cross Electrical Engineering Limited

Southern Cross Electrical Engineering Limited (SCEE Group) operates in the electrical engineering industry, providing services such as asset inspection, maintenance, and manufacturing of electrical components. The company focuses on sectors like utilities and mining, with a strong presence in major infrastructure projects across Australia.

YTD Price Performance: 22.16%

Average Trading Volume: 519,501

Technical Sentiment Signal: Buy

Current Market Cap: A$497.1M

For a thorough assessment of SXE stock, go to TipRanks’ Stock Analysis page.