MARLBOROUGH, Mass., Jan. 27, 2026 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company”) today announced that Greentech Renewables has placed an additional $865,000 purchase order for Keen high-efficiency heat pumps and related smart controls. The new order increases the parties’ cumulative commitments to approximately $2.6 million, inclusive of the $1.7 million initial purchase order previously announced on November 10, 2025. The additional order was placed throug ...

Core Insights - The Zacks Building Products - Air Conditioner & Heating industry is poised for growth driven by demand for energy-efficient systems and advanced climate-control technologies [1][2] - Companies are expanding through acquisitions and enhancing digital capabilities to align with fast-growing segments like data center cooling [1][4] Industry Overview - The industry includes designers, manufacturers, and marketers of products for heating, ventilation, air conditioning, and refrigeration [3] - Products range from rooftop units to thermostats and are sold in residential, commercial, and industrial markets [3] Demand Trends - Residential activity is strong as homeowners focus on comfort and efficiency, while commercial demand is rising due to data centers and green infrastructure [2] - The data center boom is increasing the need for specialized HVAC solutions, creating high-margin opportunities for companies [4] Technological Advancements - Companies are investing in technology upgrades and digital platforms to enhance customer experience and operational efficiency [5][7] - Strategic acquisitions are broadening product lines and geographic reach, contributing to revenue stability [5][7] Regulatory Environment - U.S. administration's focus on reducing greenhouse gas emissions is driving demand for high-efficiency HVAC systems [6] - Federal and state incentives are accelerating the adoption of energy-efficient units, supporting market growth [6] Market Challenges - The industry faces risks from housing market volatility, macroeconomic uncertainties, and geopolitical pressures [8][9] - Labor shortages and supply chain constraints are impacting project timelines and increasing costs [11] Performance Metrics - The Zacks Building Products - Air Conditioner & Heating industry has a Zacks Industry Rank of 77, indicating strong near-term prospects [12][13] - The industry has underperformed compared to the broader Zacks Construction sector and the S&P 500 over the past year, with a decline of 10.3% [14] Valuation Insights - The industry is currently trading at a forward P/E ratio of 24.24X, higher than the S&P 500's 23.53X and the sector's 19.44X [17] - Historical trading ranges for the industry have been between 15.87X and 30.37X over the past five years [17] Company Highlights - **Comfort Systems USA (FIX)**: The company has a strong backlog and is benefiting from demand in technology-driven projects, particularly in data centers. It has a Zacks Rank of 1 (Strong Buy) and has seen a stock gain of 102.2% over the past year [23][24] - **SPX Technologies (SPXC)**: The company is experiencing strong organic growth and has a Zacks Rank of 2 (Buy), with a stock increase of 30.6% over the past year [26][27]

Core Insights - Resideo Technologies, Inc. has divested its Grid Services demand response business to EnergyHub, allowing the company to concentrate on its core strategy in residential controls and sensing products [1][3] - The acquisition enhances EnergyHub's capabilities to manage connected devices for utilities, serving over 55 million customers through its platform [2][6] - The financial terms of the transaction were not disclosed, but it is stated that this divestiture will not materially impact Resideo's financial outlook for 2025 [3] Company Focus - Resideo aims to leverage the proceeds from the sale for general corporate purposes, aligning with its previously stated capital allocation priorities [4] - The company is recognized as a leader in various markets, including home heating, ventilation, air conditioning controls, and safety products, with a presence in over 150 million residential and commercial spaces globally [5] Industry Context - EnergyHub is a prominent provider of grid-edge flexibility solutions, managing over 2.5 GW of dispatchable flexible capacity for utilities in North America [6] - The collaboration between Resideo and EnergyHub is expected to accelerate the transition to a carbon-free grid by offering a broader ecosystem of distributed energy resources (DERs) [3][6]

Industry Overview - The Zacks Building Products - Air Conditioner & Heating industry is positioned for long-term growth due to rising demand for energy-efficient solutions and smarter climate control technologies [1] - Companies are capitalizing on favorable policy trends and sustainability goals, increasing investments in digitalization, system upgrades, and green retrofits [1][2] - The industry includes designers, manufacturers, and marketers of products for heating, ventilation, air conditioning, and refrigeration markets [3] Market Dynamics - The residential market is driving momentum as homeowners prioritize comfort, efficiency, and indoor air quality [2] - Commercial and industrial demand is accelerating, particularly in high-tech environments requiring specialized cooling [2] - Industry leaders are enhancing market positions through service-based models and strategic acquisitions, ensuring steady revenue streams [2] Trends Influencing Growth - U.S. administration's pro-environmental moves are focusing on reducing greenhouse gas emissions, benefiting companies that provide clean and efficient energy systems [4] - The data center boom, driven by AI and cloud computing, is increasing demand for specialized HVAC solutions, presenting high-margin opportunities [5] - Technology upgrades and strategic acquisitions are driving growth, with companies investing in R&D and enhancing customer experience through digital platforms [6] Challenges and Risks - The housing market remains volatile, with higher interest rates and economic fluctuations potentially impacting renovation and construction activity [7] - Labor shortages, supply chain constraints, and rising regulatory compliance costs are significant challenges facing the industry [9] Performance Metrics - The Zacks Building Products - Air Conditioner & Heating industry ranks 67, placing it in the top 27% of over 250 Zacks industries, indicating bright prospects [10][11] - The industry's earnings estimates for 2025 have increased to $5.58 per share from $5.52, reflecting growing analyst confidence [12] Stock Performance - The industry has outperformed the broader Zacks Construction sector and the S&P 500 Composite over the past year, gaining 17.1% compared to the sector's 0.5% decline [14] - The industry is currently trading at a forward P/E of 28.43X, higher than the S&P 500's 22.11X and the sector's 17.96X [17] Company Highlights - **Comfort Systems USA, Inc.** has seen a surge in demand from advanced technology sectors, contributing to a record backlog of $6.9 billion and a 52.9% stock gain over the past year [20][21] - **Carrier Global Corporation** is focusing on innovative climate and energy solutions, with a 13.3% stock gain over the past year and an expected 18% earnings growth in 2025 [25][26]