AAON surges on Q1 sales beat, forecast raise

AAON

07/05/2026 14:07

** Shares of air conditioning and heating equipment maker AAON AAON.O jump 44.5% to $143 premarket

** Q1 sales of $496.9 mln beat analysts' estimate of $381.1 mln - data compiled by LSEG

** Sales growth was driven by strong demand across both AAON and BASX brands, increased production throughout and expanded capacity, company says

** Company raises 2026 sales growth forecast to 40%-45%, from 18%-20% projected earlier

** All six brokerages covering the stock rate it "buy" or higher; median PT is $120 - data compiled by LSEG

** Up to last close, shares up more than 28% this year

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com;))