Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Southern Cross Electrical Engineering Limited ( (AU:SXE) ) has shared an announcement.
Southern Cross Electrical Engineering Limited, through its subsidiary Heyday, has secured over $70 million in project awards for work on the Western Sydney Airport and a hyperscale data center in Sydney. These projects, which include critical infrastructure for airport operations and additional electrical works at the data center, are set to commence immediately and are expected to be completed by 2027 and 2026, respectively. This expansion underscores SCEE’s strategic positioning in major infrastructure developments, promising continued economic activity and employment opportunities in the region.
The most recent analyst rating on (AU:SXE) stock is a Buy with a A$2.00 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 electrical, communications, ICT, security, and audio-visual systems. The company focuses on significant infrastructure projects, including airports and data centers, leveraging its expertise in design and construction.
YTD Price Performance: 7.21%
Average Trading Volume: 519,003
Technical Sentiment Signal: Buy
Current Market Cap: A$436.3M
Learn more about SXE stock on TipRanks’ Stock Analysis page.