Southern Cross Electrical Engineering Poised for 'Solid' Medium-Term Growth From 2027, Euroz Hartleys Says

MT Newswires Live12-22 11:00

Southern Cross Electrical Engineering (ASX:SXE) is positioned for "solid" medium-term organic growth starting in 2027, Euroz Hartleys said in a note on Dec. 19.

The investment advisory firm also said it would continue to anticipate acquisitions from time to time, complementary to this growth.

The company disclosed battery and other contract awards amounting to AU$90 million on the back of recent data center and rail awards also valued at AU$90 million.

Meanwhile, the Collie Battery Energy Storage System project in Western Australia will see modest organic growth in 2026, Euroz Hartleys said.

Euroz Hartleys maintained its buy rating on Southern Cross Electrical Engineering and lifted its price target to AU$2.89 from AU$2.66.

Shares rose nearly 1% in afternoon trade Monday.

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