Southern Cross Electrical Engineer Ltd

Coverage of Southern Cross Electrical Engineering was overwhelmingly bullish across late 2025 and 2026. Elston Asset Management (December 2025, ~$2.50) highlighted SXE's well-run history of contract selection, diversified revenue across resources, commercial and infrastructure, and structural tailwinds from infrastructure, data centre and renewables spending, plus a track record of bolt-on acquisitions; it added to its position again through 2026. LSN Capital Partners, NorthStar Impact Funds, Glennon Small Companies, Ausbil Investment Management, Ellerston Capital, Pendal Group, Centennial Asset Management, and Quest Asset Partners repeatedly cited strong order flow across commercial, data centre and resources projects, 1H26 results showing revenue +11% and EBITDA +21%, an estimated FY26-28 EPS CAGR of 16%, and Australia's data centre investment pipeline roughly doubling from $26bn to $50-55bn. QVG Capital noted cost inflation being passed through to customers. By April-June 2026 (shares rising from ~$3.79 to ~$4.86), managers including SG Hiscock, Wilson Asset Management, Perennial Partners, Perpetual Asset Management, and Ausbil pointed to a data centre tender pipeline exceeding $1bn (expected to roughly triple FY27 data centre revenue to $360m), more than $150 million of new contract awards (including NEXTDC's S4 data centre and a Rio Tinto Pilbara agreement), upgraded FY26 EBITDA guidance to at least $75m, maiden FY27 EBITDA guidance of at least $100m (implying ~33% growth), a well-supported $150m capital raise to fund growth and acquisitions, and diversification through subsidiaries Heyday, Trivantage and Force Fire.