SPX Technologies
SPXC · NYSE · Industrials
$181.77
+$2.09 (+1.15%) today
Market Cap
$10.65B
24h Volume
$259.6M
P/E Ratio
37.4
52w High
$246.41
52w Low
$178.31
Est. AI Revenue
15%
7-Day Sparkline (Static)
Company facts
Performance
About SPX Technologies
SPX Technologies is an engineered products company with two segments. HVAC sells cooling and heating equipment, including the Marley line of cooling products, while Detection and Measurement sells underground locators, fare collection systems, and obstruction lighting. It earns revenue on equipment sales into infrastructure and industrial markets.
Its AI exposure runs through the cooling side. Data centers need to reject enormous amounts of heat, and SPX supplies the dry coolers, evaporative systems, and hybrid coolers that handle that final heat rejection outdoors. Management has named data centers as a key growth market for the segment.
Founded in 1912 as an auto parts maker in Michigan, SPX is now headquartered in Charlotte, North Carolina, employs about 4,700 people, and trades on the NYSE.
SPX Technologies in the AI buildout
SPX Technologies sits in the Cooling & Thermal layer at the heat rejection stage of cooling. Whatever happens inside the building, air cooling or liquid loops, the heat eventually has to leave the site, and SPX's dry, evaporative, and hybrid coolers handle that job. Its focused cooling portfolio gives it a clearer data center tilt than large diversified HVAC companies, though its detection and measurement segment has little connection to the buildout.
SPXC is tracked in Cooling & Thermal, rated Strategic on the AI Exposure leaderboard.
By the numbers
52-week range
SPXC trades at $181.77, 5% of the way up its 52-week range of $178.31 to $246.41.
Market cap
Market capitalization is $10.65B, with an AI Exposure Score of 55 out of 100.
Valuation vs peers
Its P/E ratio of 37.4 is in line with the Cooling & Thermal category median of 40.4.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does SPX Technologies do?
SPX Technologies makes engineered products in two segments: HVAC equipment, including Marley cooling products used for heat rejection, and Detection and Measurement products like underground utility locators and obstruction lighting. It sells into infrastructure, industrial, and data center markets.
How is SPX Technologies exposed to AI?
Supercycle rates SPX Technologies Strategic with an AI Exposure Score of 55 out of 100. Its cooling segment supplies dry, evaporative, and hybrid coolers for data center heat rejection, a market management has named as a key growth driver.
What does SPX sell to data centers?
SPX supplies the outdoor heat rejection equipment data centers depend on: dry coolers, evaporative cooling systems, and hybrid units. However servers are cooled inside the building, the heat ultimately passes through equipment like this on its way out.
Is SPXC a pure play AI stock?
No. SPX is rated Strategic. Its cooling segment has a clear and growing data center business, but the company also serves general HVAC markets and runs a detection and measurement segment with little tie to AI.
Who leads SPX Technologies?
Eugene Lowe III has been president and CEO since 2015, leading the company's transformation from the old SPX Corporation conglomerate into a focused engineered products business. It is headquartered in Charlotte, North Carolina with about 4,700 employees.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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