Southern Cross Electrical Well-Placed for Data-Center Build Cycle
Dow Jones
Oct 05
2215 GMT - Southern Cross Electrical Engineering's newest bull likes how it's positioned for the data center capital cycle. Macquarie initiates coverage of Southern Cross Electrical Engineering at outperform, with a A$5.60/share price target. "Data centers are driving the next leg of growth, with Southern Cross Electrical Engineering's FY27 Ebitda guide of 'at least A$100 million' supported by recent contract wins," Macquarie says. It assess more than A$60 billion of data-center construction underway or likely to happen. Southern Cross Electrical Engineering has a data-center pipeline of A$1 billion. Macquarie sees a credible path for FY27 data-center revenue to triple from A$120 million in FY26. Southern Cross Electrical Engineering ended last week at A$4.85.
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