Southland Holdings Inc. (NYSE:SLND) jumped 53.03% in after-hours trading on Wednesday, rising to $2.02.
SLND closed the regular session up 1.54% at $1.32, according to Benzinga Pro.
On Wednesday, the company announced receipt of notices to proceed on three projects totaling approximately $118 million through its civil segment subsidiary, Oscar Renda Contracting.
Data Center Contract Headlines New Awards
According to Southland Holdings, its largest contract is a $48 million data center project for a private client in the Southwest, involving chilled water pipeline installation and related site development to support cooling at the data center. The project is expected to be completed in 2026.
The other two projects are a $40 million pump station expansion for the Coastal Water Authority in Cleveland, Texas, set to double raw water pumping capacity …
