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SPX Technologies Inc

SPX Technologies Inc

SPXC
$211.73USD↓-1.96%-4.23 today

MARKET CAP

10.6B

P/E (TTM)

30.0x

FWD P/E

25.3x

DAY RANGE

$207 – $217

52W RANGE

$171
$251

AI Summary

Stalk
Buy NowHigh

SPXC remains in a Stage 2 advancing regime with clear higher highs and higher lows, backed by rising EMAs. A marginal new high triggered a Bullish Exhaustion candle, signaling a temporary momentum pause. Price held a healthy pullback into the rising 9EMA and 21EMA, maintaining support above the 50DMA, with volume contracting on the reset. Despite extreme overbought readings, dynamic EMA support and volume behavior align for continuation, justifying a Buy Now posture near the EMAs.

  • ↑Q1 2026 revenue of $566.8M (+17.4% YoY) and adjusted EPS $1.69 (+22%).
  • ↑Full-year adjusted EPS guidance raised to $7.95 midpoint.
  • ↓Negative earnings yield and weak book-to-price metrics imply overvaluation risk.
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The case for & against

Bull & Bear analysis

Bullish

SPX Technologies, Inc. (NYSE: SPXC) is a key player in the engineered solutions sector, focusing primarily on heating, ventilation, and air conditioning (HVAC) products along with detection and measurement technologies. The company stands out for its innovative offerings tailored for critical markets, notably data centers, where demand for robust cooling solutions is surging. SPX has capitalized on expanding operational capabilities through strategic acquisitions and organic growth initiatives, enhancing its market position amid evolving technology and infrastructure needs, particularly within the industrial and healthcare sectors.

Bull says

  • ↑Q1 2026 revenue of $566.8M (+17.4% YoY) and adjusted EPS $1.69 (+22%).
  • ↑Full-year adjusted EPS guidance raised to $7.95 midpoint.
  • ↑Backlog at $1.1B (+38% organic) underpins strong future revenue.
  • ↑$100M capex this year to expand capacity, targeting $550M data center sales.
  • ↑Positive momentum and growth metrics, low leverage and ~8% analyst upside.
  • ↑Overweight analyst ratings support bullish outlook on valuation.

Bear says

  • ↓Negative earnings yield and weak book-to-price metrics imply overvaluation risk.
  • ↓Section 232 tariffs to compress Q2 EPS by $0.05–$0.10 in HVAC segment.
  • ↓$8–$9M startup costs for new plants may pressure near-term margins.
  • ↓Heavy reliance on data center orders exposes revenue to project delays.
  • ↓High short interest and macro sensitivity could amplify negative sentiment.
  • ↓Mixed factor profile with negative income yields and macro vulnerability.

Investment themes with SPXC

Infrastructure Development↑ +0.48%

DE · HWM · TT

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-02-2026neutral

Transcript signals

Bull points

  • Year-over-year adjusted EPS grew by 22% to $1.69.
  • For the quarter, total company revenue increased 17.4% year-over-year, primarily driven by the benefit of acquisitions and strong organic growth in HVAC.
  • Consolidated segment income grew by $25 million, or 22%, to $135 million, while consolidated segment margin increased 100 basis points.

Bear points

  • Our updated guidance reflects a $0.05 to $0.10 impact from the recently announced changes to the Section 232 tariffs. This headwind is expected to predominantly affect HVAC in the second quarter.
  • Our updated guidance reflects a $0.05 to $0.10 impact from the recently announced changes to the Section 232 tariffs. This headwind is expected to predominantly affect HVAC in the second quarter.
  • We're seeing some data center companies getting acquired for 20, 25, 30 times EBITDA. That's just not, we will never be there.
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