SPX Technologies: Strong Growth Potential and Strategic Positioning Drive Buy Rating

William Blair analyst Ross Sparenblek has maintained their bullish stance on SPXC stock, giving a Buy rating on June 2.

Ross Sparenblek has given his Buy rating due to a combination of factors that highlight SPX Technologies’ strong growth potential and strategic positioning. The company is experiencing robust project activity that extends into 2026 and beyond, which is a positive indicator of sustained revenue streams. Additionally, SPX is poised to unlock new market opportunities with the launch of adiabatic and dry cooling solutions for data centers, a sector experiencing significant growth. This expansion is expected to enhance their market share and capitalize on the increasing demand for efficient cooling technologies.
Moreover, SPX’s geographic expansion in the engineered air movement segment and a promising mergers and acquisitions pipeline further strengthen its growth outlook. The HVAC segment has demonstrated impressive organic growth, outpacing competitors and benefiting from sectors like healthcare and education. Despite some concerns about potential overearning, the company’s strategic initiatives and active customer engagements, particularly with hyperscalers, position it well for future success. These factors collectively underpin Ross Sparenblek’s positive outlook and Buy rating for SPX Technologies.

Sparenblek covers the Industrials sector, focusing on stocks such as MSA Safety, SPX, and Mayville Engineering Company. According to TipRanks, Sparenblek has an average return of 12.1% and a 76.00% success rate on recommended stocks.