7 Best Data Center Cooling Companies to Invest In

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6. Trane Technologies plc (NYSE:TT)

On April 21, 2026, KeyBanc raised its price target on Trane Technologies plc (NYSE:TT) to $525 from $500 and maintained an Overweight rating following its quarterly channel checks. The firm said demand appeared to slow early in Q1 but improved throughout the quarter and into April. While demand trends looked healthier than initially expected, KeyBanc said tariff-related concerns are likely to dominate earnings discussions and influence stock reactions.

On April 13, 2026, Evercore ISI analyst Alexander Virgo initiated coverage of Trane Technologies plc (NYSE:TT) with an Outperform rating and a $535 price target. The firm highlighted Trane’s “best-in-class” commercial HVAC platform and said its secular growth profile is supported by backlog conversion, monetization of its installed base, and consistent execution. Evercore expects 8% annual organic growth and double-digit earnings growth through 2028.

Last month, Trane completed required laboratory testing for its rooftop units in the 10–14 ton and 15–25 ton capacity ranges as part of the U.S. Department of Energy’s Commercial Building HVAC Technology Challenge. The company also received additional recognition for its smaller rooftop unit after exceeding optional heating capacity and efficiency requirements for improved cold climate performance. Trane has now advanced to the next phase of the program, which includes field trial installations in Illinois and Wisconsin.

Trane Technologies plc (NYSE:TT) designs, manufactures, sells, and services heating, ventilation, air conditioning, and transport refrigeration solutions.

While we acknowledge the potential of TT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TT and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Data Center Cooling Companies to Invest In.

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