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Orion (ORN) Secures $63M Worth Contracts, Boosts Backlog
ORNOrion (ORN) ZACKS·2024-06-25 17:30

In another win for Orion's Concrete segment, a major hyperscaler awarded a significant data center project in North Texas valued at approximately 15million.ThiswillbeOrion′s20thdatacenterproject,reflectingitsstrongpresenceinthemission−criticalinfrastructuremarket,particularlyasdemandsurgesintheartificialintelligencesector.SharePricePerformanceOrion′spipelineofopportunitieshasexpandedsignificantly,nowtotalingmorethan15 million. This will be Orion's 20th data center project, reflecting its strong presence in the mission-critical infrastructure market, particularly as demand surges in the artificial intelligence sector. Share Price Performance Orion's pipeline of opportunities has expanded significantly, now totaling more than 11 billion as of firstquarter 2024, a substantial ...