On June 25, Carrier Global rose 3.21% in regular trading, trading at approximately $76.38/share, with turnover of $63.56 million. The rally was driven by a dual catalyst of global extreme heat weather and surging AI data center cooling demand, which lifted the entire HVAC sector.
The Building Products sector saw broad strength, with peers Trane Technologies up 4.1%, Lennox up 4.43%, Johnson Controls up 3.03%, and Modine Manufacturing up 3.94%. As a leading intelligent climate solutions provider, Carrier Global has positioned its data center business as a core growth engine, targeting approximately $1.5 billion in revenue from this segment. The company reported Q1 data center-related orders surging over 500% year-over-year, with total backlog reaching a record $20 billion. Commercial HVAC backlog has grown approximately 130%, while chiller capacity has expanded 3-4x, with meaningful revenue acceleration expected in the second half. Year-to-date, the company's market capitalization has grown roughly one-third to $60 billion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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