Trane Technologies Plc (NYSE:TT) saw a price target increase to $506 by Barclays on December 4, maintaining an Overweight rating. The acquisition of Stellar Energy Digital on December 2 will further Trane’s thermal management goals in the data center market.

The undisclosed financial details of the acquisition involve Trane’s Florida-based operations with 700 employees and two assembly facilities in Jacksonville. The acquisition will bolster Trane’s Commercial HVAC business unit and is set to be completed in the first quarter of 2026.

Trane Technologies plc (NYSE:TT) specializes in air conditioning, ventilation, heating, and refrigeration solutions. Bank of America previously set a $550 price target on the stock, upgrading its rating to Buy from Neutral. The company is headquartered in Swords, Ireland and offers a variety of products and services.

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Read more at Yahoo Finance: Trane Technologies (TT) Increasing its Footprint in the Data Center Cooling Industry