Why SPX Technologies (SPXC) Stock Is Up Today

SPX Technologies (SPXC) is up 13.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The sharp move higher appears tied to a strong second-quarter earnings release and another increase to full-year guidance. Investors also seem encouraged by continued demand tied to data center cooling, better performance in Detection & Measurement, and the added growth contribution from recent HVAC acquisitions.

Details:

Second-quarter revenue rose 22.9% year over year to $679.0 million, while GAAP income from continuing operations increased 51.0% and adjusted EPS climbed 22.4% to $2.02.

Management raised 2026 guidance again, lifting its revenue range to $2.705 billion to $2.765 billion, adjusted EBITDA to $630 million to $660 million, and adjusted EPS to $8.20 to $8.60.

The HVAC segment posted 27.6% revenue growth, helped by higher cooling-equipment volumes linked to data center demand, increased capacity, and contributions from acquired businesses.

Management also said it increased estimated annual data center revenue capacity to about $1.1 billion at full production, while the recently completed Neptronic deal further expands the company’s HVAC portfolio.

Sources:

SPX Technologies, GlobeNewswire, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SPXC Hedge Fund Activity

We have seen 238 institutional investors add shares of $SPXC stock to their portfolio, and 192 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS added 1,356,238 shares (+88.2%) to their portfolio in Q1 2026, for an estimated $271,166,225
FIRST TRUST ADVISORS LP added 878,494 shares (+181.4%) to their portfolio in Q1 2026, for an estimated $175,646,090
JANE STREET GROUP, LLC removed 432,532 shares (-99.5%) from their portfolio in Q1 2026, for an estimated $86,480,448
CAPITAL WORLD INVESTORS added 388,531 shares (+28.6%) to their portfolio in Q1 2026, for an estimated $77,682,888
PRICE T ROWE ASSOCIATES INC /MD/ removed 282,032 shares (-24.0%) from their portfolio in Q1 2026, for an estimated $56,389,478
WELLINGTON MANAGEMENT GROUP LLP added 196,504 shares (+115.8%) to their portfolio in Q1 2026, for an estimated $39,289,009
GOLDMAN SACHS GROUP INC removed 185,634 shares (-26.9%) from their portfolio in Q1 2026, for an estimated $37,115,661

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SPXC Analyst Ratings

Wall Street analysts have issued reports on $SPXC in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Overweight" rating on 05/06/2026
B of A Securities issued a "Buy" rating on 02/13/2026

To track analyst ratings and price targets for $SPXC, check out Quiver Quantitative's $SPXC forecast page.

$SPXC Price Targets

Multiple analysts have issued price targets for $SPXC recently. We have seen 6 analysts offer price targets for $SPXC in the last 6 months, with a median target of $271.0.

Here are some recent targets:

Jamie Cook from Truist Securities set a target price of $295.0 on 07/02/2026
Stephen Tusa from JP Morgan set a target price of $270.0 on 05/06/2026
Joseph O'Dea from Wells Fargo set a target price of $240.0 on 05/01/2026
Daniel DiCicco from BMO Capital set a target price of $243.0 on 03/27/2026
Bryan Blair from Oppenheimer set a target price of $272.0 on 02/25/2026
Andrew Obin from B of A Securities set a target price of $280.0 on 02/13/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.