SPX Technologies: Good Growth Prospects And Potential For A Re-Rating

Dec. 13, 2023 4:20 AM ETSPX Technologies, Inc. (SPXC) StockSPXC, DHR
GS Analytics
3.23K Followers

Summary

  • SPX Technologies is expected to benefit from strong demand in its end markets, including reshoring trends and federal stimulus funds.
  • The company has shown improvement in margins and is expected to see further upside in FY24.
  • SPX Technologies has good growth prospects driven by a healthy backlog, strong end markets, and inorganic growth opportunities.

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Investment Thesis

SPX Technologies (NYSE:SPXC) should benefit from the strong demand in its end markets fueled by tailwinds including the recent reshoring trend and acceleration in the deployment of federal stimulus funds next year. Further, a potential reversal in

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within 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.

This article is written by Saloni V.

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