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SPX ( (SPXC) ) has provided an announcement.
On August 12, 2025, SPX Technologies, Inc. entered into an underwriting agreement with several underwriters for the offering and sale of 2,659,575 shares of its common stock at $188.00 per share, which closed on August 14, 2025. The offering, which could potentially include an additional 398,936 shares, resulted in gross proceeds of approximately $500 million, enhancing SPX Technologies’ financial position and market operations.
The most recent analyst rating on (SPXC) stock is a Buy with a $175.00 price target. To see the full list of analyst forecasts on SPX stock, see the SPXC Stock Forecast page.
Spark’s Take on SPXC Stock
According to Spark, TipRanks’ AI Analyst, SPXC is a Outperform.
SPX’s strong financial performance and positive earnings call with increased guidance are key strengths, despite a high P/E ratio suggesting overvaluation and technical indicators pointing to overbought conditions.
To see Spark’s full report on SPXC stock, click here.
More about SPX
Average Trading Volume: 304,839
Technical Sentiment Signal: Buy
Current Market Cap: $8.94B
See more data about SPXC stock on TipRanks’ Stock Analysis page.