Zacks Investment Research
03 Jul 2026, 13:55 UTC · 17w ago
Can SPXC's 38% Backlog Jump Sustain HVAC Growth Into 2028?
Impact · against what's priced in
SPXC shows strong fundamental momentum with a 38% organic backlog jump and strategic capacity expansion to serve AI data center cooling. The scale of this backlog and the concrete steps to monetize it via new facilities suggest growth visibility extending into 2028.
- SPXC+0.60
No priced-in read yet
- In context
A 38% organic year-over-year increase in HVAC backlog to $755 million, coupled with manufacturing expansions in Tennessee, Kansas, and Alabama, provides high revenue visibility and a clear path to monetize AI-driven cooling demand.
Read from the article alone
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