Carrier: HVAC Leader Set To Outperform Following Summer Heat Waves

Jul. 25, 2022 1:17 PM ETCarrier Global Corporation (CARR)3 Comments

Summary

  • Carrier Global has generated solid growth as an HVAC and refrigeration market leader.
  • Record heat waves across the United States and Europe support a positive operating environment for the company despite macro headwinds.
  • We are bullish on the stock and see the upcoming Q2 earnings report as a catalyst for shares to rally higher.
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Heat Wave Grips New York

Chris Hondros/Getty Images News

Carrier Global Corp (NYSE:CARR) is recognized as one of the world's largest heating, ventilation, and air cooling (HVAC) companies across a portfolio of commercial and residential brands. While shares have been volatile this year amid the broader market selloff

Carrier Global Q1 2022 summary

source: company IR

Carrier Global trends

source: company IR

Carrier Global future profile

source: company IR

Carrier Global vs peers PE ratio

source: YCharts

Carrier Global Q2 earnings outlook

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CARR stock chart

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CARR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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