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Sterling Infrastructure upgraded to Buy after 51% drop; Q2 revenue up 90% YoY with strong backlog growth.

Analyst Insights
11 Sep 2026
Seeking Alpha
View Source
Bullish
Sterling Infrastructure upgraded to Buy after 51% drop; Q2 revenue up 90% YoY with strong backlog growth.

Sterling Infrastructure's stock was upgraded to 'Buy' following a 51% decline from its June 2026 peak, making its valuation attractive. The company reported a 90% year-over-year revenue increase in Q2 2026, largely driven by a 192% growth in its E-Infrastructure Solutions segment, which now accounts for 78% of total revenue. Its signed backlog rose 116% YoY to $4.33 billion, with total addressable work exceeding $7 billion. Management raised full-year 2026 guidance, expecting $4.075 billion in revenue, $903.5 million EBITDA, and $20 adjusted EPS, signaling strong future growth potential.

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