Here is how CECO Environmental (CECO) and Helios Technologies (HLIO) have performed compared to their sector so far this year.
CECO Environmental is reaffirmed as a 'Strong Buy' with a raised price target of $95, driven by transformative growth and the Thermon merger. Q2 results delivered 54% YOY revenue growth, 73% adjusted EBITDA growth, and a 164% increase in backlog, far exceeding prior synergy expectations. CECO's expanded portfolio addresses secular tailwinds in AI data centers, electrification, and industrial reshoring, supporting ongoing double-digit top-line growth.
CECO Environmental Corp. (CECO) Q2 2026 Earnings Call Transcript
CECO Environmental NASDAQ: CECO reported record second-quarter results for 2026, citing accelerating orders, a growing backlog and early cost savings from its acquisition of Thermon, which closed June 1.
CECO Environmental (CECO) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.24 per share a year ago.
CECO (CECO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Here is how CECO Environmental (CECO) and Generac Holdings (GNRC) have performed compared to their sector so far this year.
Jabil, CECO and Klarna made a tight earnings-acceleration screen, highlighting rising EPS growth trends that could signal further stock upside.
CECO Environmental Corp. (CECO) is rated a buy, driven by robust order visibility, a record backlog, and structural demand from power and industrial infrastructure. Q1 2026 backlog reached ~$1.03 billion (up 72% y/y), with bookings of $449 million and a book-to-bill ratio of ~2.2x, signaling strong forward growth. The Thermon acquisition enhances CECO's margin mix and cross-selling potential, positioning CECO closer to customers' uptime and reliability needs.
Here is how CECO Environmental (CECO) and Helios Technologies (HLIO) have performed compared to their sector so far this year.
The mean of analysts' price targets for CECO (CECO) points to a 26.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Does CECO Environmental (CECO) have what it takes to be a top stock pick for momentum investors? Let's find out.