The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Comfort Systems USA, Inc. (NYSE:FIX) is one of the 10 Mid-Cap Stocks That Are On Fire Right Now. On April 24, Stifel reiterated its Buy rating on Comfort Systems USA, Inc. (NYSE:FIX) with a price target of $1,819 on the stock after the company reported its Q1 results.

The company posted revenue of $2.87 billion for the first quarter of 2026, beating market expectations of $2.40 billion. Total revenue rose 57% compared to the same period last year. This performance was supported by organic growth of 52% and acquisitions adding 500 basis points.

The technology end market saw strong growth, rising 139% year-over-year. It made up about 56% of sales during the quarter, with most of the demand coming from data center projects. Adjusted EBITDA reached $524 million, beating the $355 million market estimate, supported by better-than-expected gross margins.

Profitability in the first quarter was also supported by around $43 million of unusual closeout and change order benefits, which added nearly $1 per share to earnings. Comfort Systems USA, Inc. (NYSE:FIX) grew its total backlog by 81% year-over-year, with the Mechanical segment rising 84% and the Electrical segment increasing 70%.

New project awards increased 24% compared to the same period last year. Mechanical awards were up 37%, while Electrical awards declined by 7%. Stifel analyst Brian Brophy said that revenue exceeded expectations in both segments.

Comfort Systems USA, Inc. (NYSE:FIX) is a leading building and service provider for mechanical, electrical and plumbing building systems. The company offers commercial, industrial and institutional heating, ventilation, air conditioning, and electrical contracting services.

While we acknowledge the potential of FIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best American Tech Stocks to Buy and 10 Best Medical Stocks to Buy Under $30.

Disclosure: None.  Follow Insider Monkey on Google News.