Why SPX Technologies (SPXC) Stock Is Up Today

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  • Feb 26, 2025
Why SPX Technologies (SPXC) Stock Is Up Today

What Happened?

Shares of industrial conglomerate SPX Technologies (NYSE:SPXC) jumped 14.5% in the morning session after the company reported strong fourth-quarter results, with revenue rising 14% year-on-year, fueled by continued strength in its HVAC segment​. SPXC's full-year 2025 guidance for revenue and adjusted EBITDA also came in above analysts' expectations​. Overall, the quarter highlighted key positives.

The shares closed the day at $151.50, up 11.1% from previous close.

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What The Market Is Telling Us

SPX Technologies’s shares are somewhat volatile and have had 12 moves greater than 5% over the last year. But moves this big are rare even for SPX Technologies and indicate this news significantly impacted the market’s perception of the business.

SPX Technologies is up 3.5% since the beginning of the year, but at $151.21 per share, it is still trading 16.7% below its 52-week high of $181.56 from November 2024. Investors who bought $1,000 worth of SPX Technologies’s shares 5 years ago would now be looking at an investment worth $3,225.

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