Ceco Environmental

CECO

Market cap $4.69B

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.

CECO Environmental (CECO) remains a Strong Buy following its transformative merger with Thermon Group, which significantly expands capabilities and growth prospects. Post-merger 2026 guidance was raised: revenue of $1.275B–$1.375B and adjusted EBITDA of $195M–$225M, representing 20–25% year-over-year growth. CECO now targets a broader market, leveraging an $8B sales pipeline and exposure to secular tailwinds like AI data centers, electrification, and industrial reshoring.

CECO Environmental Corp. (CECO) M&A Call Transcript

ADDISON, Texas, June 09, 2026 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO) (“CECO” or the “Company”), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today updated investors on the recent acquisition of Thermon Group Holdings, Inc. (“Thermon”), a diversified industrial technology company and a global leader in industrial process heating solutions. “I am pleased to share that approximately one week after closing our acquisition of Thermon, the initial integration phase is on track and delivering immediate benefits,” said Todd Gleason, Chairman and Chief Executive Officer of CECO.

Ceco stock has been choppy since breaking out of a base. The industrial name just closed on deal opening up new data center business.

ADDISON, Texas, June 01, 2026 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO) (“CECO”), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced the completion of its previously announced strategic combination with Thermon Group Holdings, Inc. (“Thermon”), a diversified industrial technology company and a global leader in industrial process heating solutions. As previously disclosed, the combined company will operate as CECO Environmental and continue to be led by Chief Executive Officer Todd Gleason and the CECO Board of Directors, now including two former Thermon Directors, Victor Richey and Marcus George.