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Stock impact report

SPX Technologies: Data Center Part Of The Business Is Attractive [Seeking Alpha]

SPX Technologies, Inc. (SPXC) 
Last spx technologies, inc. earnings: 4/30 04:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
SPXC's Olympus Max product demonstrates strong traction, with $50M in 2025 bookings and multi-year demand commitments from key customers. Data center revenue is projected to grow 50% annually, reaching ~13% of total sales in 2026 and potentially exceeding 30% within four years. With a 44% upside to a $317 target, SPXC's valuation could justify a peer multiple if management executes on growth and capacity expansion. Erik Isakson/DigitalVision via Getty Images Investment Action I give a buy rating for SPX Technologies ( SPXC ) because I think it is entering a phase where its HVAC growth profile can improve meaningfully, driven by rising exposure to data center SPXC's data center cooling, led by Olympus Max, is gaining tangible traction, with revenue expected to grow 50% annually and become a major business segment. SPXC trades at 27x NTM PE, below Trane Technologies' 30x, with a $317 price target implying 44% upside if it achieves peer multiples and growth. SPXC faces s Show less Read more
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