5 Best Data Center Cooling Companies to Invest In

4. Carrier Global Corporation (NYSE:CARR)

On April 13, 2026, Evercore ISI initiated coverage of Carrier Global Corporation (NYSE:CARR) with an Outperform rating and a $75 price target. The firm highlighted the company’s portfolio transformation and exposure to secular growth markets such as electrification, data centers, and aftermarket services. Evercore said Carrier has a “clear pathway” to margin expansion and offers relatively inexpensive exposure to long-term growth trends.

Earlier in April, Barclays analyst Julian Mitchell lowered the price target on Carrier Global Corporation (NYSE:CARR) to $67 from $72 and maintained an Overweight rating as part of a broader Q1 preview across multi-industry companies. The firm said demand uncertainty remains across the sector, though expectations have become more balanced.

Last month, Carrier announced that Carrier Ventures made a strategic investment in Heat Geek, a U.K.-based startup focused on accelerating residential heat pump adoption across Europe. Heat Geek operates a digital platform that connects homeowners with certified installers and uses AI-powered tools to design efficient heat pump systems, while also supporting quoting, financing, grants, and installation.

Carrier Global Corporation (NYSE:CARR) provides heating, cooling, ventilation, and energy solutions for residential and commercial customers across global markets.