10 Data Center Cooling Companies to Invest In

7. Trane Technologies Plc (NYSE:TT)

Potential Upside: 18.31%

Number of Hedge Fund Holders: 58

On December 4, Trane Technologies Plc’s (NYSE:TT) price target was raised by $11 to $506 by Barclays. The firm maintained the previous Overweight rating on the stock. This nudges Barclays’ price target closer to the $550 mark, which is the highest rating among 26 analysts the stock is covered by on Wall Street. It is well above the $470 median target price, which offers an 18.31% upside from here.

The price target boost follows a development on December 2 when the company acquired Stellar Energy Digital, a data center cooling solutions provider. The move will help the company further advance its thermal management ambitions in the growing data center market.

The company did not disclose the financial details of the acquisition. However, it can be confirmed that the deal involves the company’s Florida-based operations, which are currently managed by 700 employees, comprising two assembly facilities in Jacksonville. After the acquisition, the operations will continue under the same brand but will become a part of TT’s Commercial HVAC business unit. The transaction is expected to be executed in the first quarter of 2026.

These developments will boost the company’s near-term prospects, which are well complemented by its services business, which accounts for one-third of revenue. On December 2, Bank of America had already assigned a $550 price target to the stock, upgrading its rating to Buy from Neutral.

Trane Technologies plc (NYSE:TT) is a manufacturer, seller, designer, and servicer of solutions for air conditioning, ventilation, heating, and custom and transport refrigeration. The company provides airside and terminal devices, dehumidifiers, energy recovery ventilators, air-sourced heat pumps, coils and condensers, energy and water efficiency programs, and other products. It is headquartered in Swords, Ireland.