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.

Shares of SPX Technologies (NYSE: SPXC) rallied on Friday after the heating, ventilation, and air conditioning (HVAC) products supplier highlighted its AI-fueled expansion prospects.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

SPX's revenue jumped 23% year over year to $679 million in its fiscal second quarter ended June 27.

SPX's $430 million acquisition of Neptronic bolstered its leadership position within the fast-growing thermal management solutions market. Management now sees the potential for $1.1 billion of total data center equipment sales when it reaches full production, up from a prior projection of $750 million.

"The acquisition of Neptronic expands our HVAC portfolio with highly complementary product categories that leverage our established sales channels," CEO Gene Lowe said. "At the same time, we're increasing manufacturing capacity to support growing demand."

All told, SPX's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed 20% to $152 million. The HVAC leader's adjusted earnings per share increased 22% to $2.02.

These strong results prompted SPX to heighten its full-year financial targets. Management now expects revenue and adjusted earnings per share to grow roughly 21% and 24%, respectively, to $2.7 billion and $8.40.

"Our updated outlook reflects continued strength in data center demand, the impact of the Neptronic acquisition, and stronger performance from our detection and measurement segment, positioning us well for the balance of the year," Lowe said.

Before you buy stock in SPX, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SPX wasn't one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $386,727!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,232,139!*

That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul.

See the 10 stocks »

*Stock Advisor returns as of August 1, 2026.

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Why SPX Technologies Stock Surged on Friday was originally published by The Motley Fool