SPXC Climbs 26% in a Year: Is the Stock Poised for More Growth?

SPX Technologies (SPXC) is highlighted as a strong industrial growth story after its stock rose 26.1% over the past year, roughly in line with the construction sector but ahead of the S&P 500. The company lifted its 2026 data center growth outlook from about 50% to 70% as demand for cooling and air-handling systems accelerates, especially from hyperscale and colocation customers. First-quarter execution was solid, with segment income up 22% to $135 million and margin improving to 23.9%. Management also pointed to capacity expansions, acquisitions, and a healthy balance sheet as reasons for continued optimism. While valuation is not cheap and risks remain around ramping new plants, tariffs, and acquisition integration, rising earnings estimates and raised guidance keep the outlook constructive.