AAON, Inc. (AAON) Touts Robust Product Portfolio for Data Center Opportunities

AAON, Inc. (NASDAQ:AAON) is one of the high-growth industrial stocks to buy. On February 3, analysts at DA Davidson reiterated a Buy rating and a $120 price target on AAON, Inc. (NASDAQ:AAON). The positive stance follows a meeting with the company’s management at the AHR Expo in Las Vegas.

The management team reiterated that the company boasts a robust product portfolio, well-positioned to address the needs of future data center builds. The research firm is especially confident about the company’s prospects, given the evolving capabilities of GPUs and coolant requirements. It is also optimistic about the company’s ability to achieve or exceed its 2027 financial framework.

AAON Inc has already increased its borrowing capacity under a revolving credit facility by $100 million to $600 million. The increase is part of an effort to secure much-needed financing to meet working capital needs as it also ramps up operations at the Memphis facility.

AAON, Inc. (NASDAQ:AAON) manufactures customizable, high-performance HVAC solutions for commercial and industrial buildings, including rooftop units, chillers, and data center cooling systems.

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Disclosure: None. This article is originally published at Insider Monkey.