Southern Cross Electrical Engineering (ASX: SXE) $4.02
Southern Cross Electrical Engineering (SXE) rallied sharply on Tuesday following an upbeat AGM presentation, providing some welcome relief after the recent sell-off across data centre-exposed stocks. We recently suggested SXE was starting to look interesting around $3.50, following concerns around NEXTDC (NXT), neocloud funding and the broader AI infrastructure build-out. Today's update went some way towards addressing these fears, with management reiterating strong FY27 earnings guidance and, importantly, forecasting a significant acceleration in data centre revenue despite the recent turmoil across the sector.