These Climate Solutions Stocks Have Turned Up the Heat in 2024. Can Their Rally Continue, or Will They Cool Off in 2025? [Yahoo! Finance]
Trane Technologies plc (TT)
Company Research
Source: Yahoo! Finance
That powered strong growth for companies that provide climate solutions, like Lennox (NYSE: LII) and Trane Technologies (NYSE: TT) This catalyst helped drive up shares of Lennox by more than 40%, while Trane Technologies' stock was up over 55%, easily beating the S&P 500 's more than 25% rise. Here's a look at what drove their rallies and whether they'll cool off or continue rising in 2025. Heating up in 2024 Lennox is a leader in energy-efficient climate-control solutions. Demand for its products, which include air conditioners, furnaces, heat pumps, and indoor air quality systems, has grown briskly this year. Its core revenue was up 15% in the third quarter to $1.5 billion, which includes 2% growth from recent acquisitions (it acquired AES to expand its commercial HVAC services late last year). Meanwhile, its adjusted earnings per share soared 24%, while its free cash flow jumped 50%. Home comfort solutions revenue rose 15% to $1 billion, while revenue from its building clim
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News
- Trane Technologies Completes Acquisition of BrainBox AIBusiness Wire
- Strong Demand in Commercial HVAC Market Benefits Trane Technologies [Yahoo! Finance]Yahoo! Finance
- Trane Technologies Named to S&P Dow Jones Sustainability World and North America Indices [Yahoo! Finance]Yahoo! Finance
- Trane Technologies Named to S&P Dow Jones Sustainability World and North America IndicesBusiness Wire
- Meet the High-Tech Construction Stock That's Already a 100-Bagger and Is Poised To Beat the Market in 2025 [Yahoo! Finance]Yahoo! Finance
TT
Earnings
- 10/30/24 - Beat
TT
Sec Filings
- 12/5/24 - Form 4
- 12/4/24 - Form 144
- 11/21/24 - Form 8-K
- TT's page on the SEC website