Halyk Finance: Comfort Systems USA trading idea

Comfort Systems USA (FIX) – is an American engineering and construction company specializing in the design, installation, and maintenance of cooling systems, power supply, and other critical building infrastructure. The company participates in the construction of large industrial facilities and data centers, making it one of the beneficiaries of the expansion of AI infrastructure in the U.S.

Growth drivers:

• Record backlog – FIX's backlog has reached $14.1 billion, up 73% year-over-year. A significant portion of new contracts comes from technology projects, providing the company with good visibility into future revenue.
• AI infrastructure growth – U.S. data center construction spending is expected to grow by about 35% in 2026 and another 30% in 2027. For FIX, this means further growth in demand for cooling systems, power supply, and other engineering infrastructure.
• Acquisition of Hunt Electric – in May 2026, FIX acquired Hunt Electric for $206 million, strengthening its electrical engineering segment and presence in the western U.S. By Q2 2026, the acquired company had already added about $217 million to FIX's backlog.
• Expansion of modular business – modular production already accounts for about 17% of revenue and is growing by about 40% year-over-year. The company continues to expand production capacity, enabling faster execution of large projects and reducing dependence on local labor.
• Growth in service revenue – each new data center built creates potential long-term demand for FIX to maintain cooling systems, power supply, and other infrastructure, gradually increasing the share of more stable recurring revenue.