Trane Technologies plc (NYSE:TT) is one of the stocks Jim Cramer shed light on recently. Cramer mentioned the stock during the episode and stated:
Fourth, hey, TT, Trane Technologies, which rallied 8% yesterday in response to a really strong quarter. The big heating, ventilation, and air conditioning companies like Trane and Carrier have generally done well, Carrier just okay lately for the past couple of years, because you need their climate control equipment to keep data centers from overheating, among other things. However, Trane’s stock sold off in the second half of last year, mostly thanks to a slowdown in the residential side of their business, basically the housing market. You know that housing market’s weak.
Trane was even forced to cut its full-year forecast for 2025 when it reported in late October. But on Wednesday night, Trane delivered a top and bottom line beat for the fourth quarter as well as excellent booking numbers for the commercial side of the business. On top of that, they issued a bullish forecast for 2026, implying they’ll have 12 to 14% year-over-year earnings growth. Nothing fancy, just a good solid beat with an encouraging full-year forecast underpinned by strength in their data center business. That was enough to break the stock out of its multi-month downturn.
A stock market data. Photo by AlphaTradeZone on Pexels
Trane Technologies plc (NYSE:TT) manufactures and services heating, ventilation, air conditioning, and refrigeration systems. The company’s business includes providing energy management solutions, building automation, and aftermarket parts.
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