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Southland Shares Rise After Receipt of Notice to Proceed on Three Projects Worth $118 Million
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Southland Shares Rise After Receipt of Notice to Proceed on Three Projects Worth $118 Million
Mar 26, 2026 12:08 PM

02:31 PM EDT, 03/26/2026 (MT Newswires) -- Southland (SLND) shares were up 28% in Thursday trading after the company said it received a notice to proceed on three projects worth $118 million through its subsidiary, Oscar Renda Contracting.

The work includes a $48 million data center project for an undisclosed client in the Southwest that is slated to be completed in 2026, Southland said late Wednesday.

The company was also tasked with a $40 million Capers Ridge Pump Station expansion project for the Coastal Water Authority in Cleveland, Texas and a $30 million NE Reservoir Pump Station & Transmission Main for the City of Cape Coral, Florida, Southland said.

Price: 1.74, Change: +0.42, Percent Change: +31.82

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