14 Stocks on Jim Cramer’s Radar

3. Sterling Infrastructure, Inc. (NASDAQ:STRL)

Sterling Infrastructure, Inc. (NASDAQ:STRL) is one of the stocks on Jim Cramer’s radar. Cramer highlighted it as one of the “hottest stocks,” as he commented:

I want to talk about one of the hottest stocks out there that you maybe never even heard of. It’s called Sterling Infrastructure. Now, this is an engineering construction firm that pivoted from old-fashioned highway work into high-margin mission-critical infrastructure like data centers a few years ago. That’s why this stock is up a staggering 1,800% over the past five years, including nearly 250% gain over the past 12 months and a 40% gain year to date. Now, two nights ago, Sterling reported what I thought was a strong quarter, robust top and bottom line beat, 51% revenue growth, a stunning 78% increase in their backlog. Even better, management has a higher than expected full year forecast. They’re talking 25% revenue growth and 26% earnings growth. Yet the stock has actually gotten dinged a bit in response to these numbers.

Sterling Infrastructure, Inc. (NASDAQ:STRL) provides e-infrastructure, transportation, and building solutions, including site development for data centers, industrial facilities, and public works projects. In addition, the company offers concrete, plumbing, and surveying services for residential and commercial construction.