Trane expands data center cooling portfolio with new air handler

DAVIDSON, NC - Trane, a brand of climate technology company Trane Technologies (NYSE:TT), announced Tuesday it has expanded its thermal management systems for data centers with a new Computer Room Air Handler (CRAH) solution. The company, which generated revenues of $20.75 billion in the last twelve months and is currently trading above its InvestingPro Fair Value, continues to strengthen its position as a prominent player in the Building Products industry.

The new cooling system is designed to maintain optimal air circulation and temperature levels for servers and electronic equipment while reducing power consumption and energy demand, according to the company.

"Expansion of our airside offer gives our colo and hyperscale customers greater flexibility for configuring custom systems," said Steve Obstein, Vice President and General Manager, Data Centers at Trane Technologies.

The CRAH solution features the company’s Symbio controller, which allows for flexible leader designation and dynamic reassignment for up to 32 units. This technology enables continuous operation and access to digital solutions for lifecycle management.

The addition follows several other recent expansions to Trane’s data center portfolio over the past six months, including scalable liquid cooling platforms, a fan coil wall platform, and larger capacity air-cooled chillers engineered for AI workloads.

Trane supports data center operations with service experts across North America and offers smart service options for monitoring and maintenance of thermal systems.

The company stated in its press release that the unified control system across all its product lines aims to provide an integrated customer experience while supporting sustainability goals. With a robust gross profit margin of 36.26% and strong market presence, Trane Technologies demonstrates solid operational efficiency. Investors can access detailed analysis and 13 additional exclusive InvestingPro Tips, along with comprehensive Pro Research Reports covering what really matters about this and 1,400+ other top stocks.

In other recent news, Trane Technologies reported second-quarter adjusted earnings that exceeded analyst expectations, although its revenue fell short of estimates. The company achieved record enterprise bookings of $5.6 billion, marking a 5% increase compared to the same period last year. In a move to enhance its technological capabilities, Trane Technologies launched the BrainBox AI Lab, focusing on developing energy optimization technologies for HVAC systems.

Analysts have weighed in on the company’s performance and prospects. UBS raised its price target for Trane Technologies to $544 while maintaining a Buy rating, indicating a potential 25% upside. Similarly, JPMorgan increased its price target to $407, noting Trane’s solid performance in its recent earnings report. However, HSBC downgraded the company’s stock from Buy to Hold, despite raising the price target to $460, citing valuation concerns. These developments highlight the varying perspectives on Trane Technologies’ financial outlook and strategic initiatives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.