On August 13, AAON Inc rose 5.14% in regular trading, trading at approximately $89.65/share, with turnover of $17.14 million. The stock staged a notable rebound after consecutive declines following the company's downward revision of full-year gross margin guidance.
On the news front, AAON's Q2 results significantly exceeded market expectations, with adjusted EPS of $0.69 versus consensus of $0.51, and net sales of $6.27 billion representing over 100% year-over-year growth. The company also raised its full-year revenue growth outlook to 55%-60%. The BASX brand, which provides innovative cooling systems for hyperscale data centers, reported sales growth of 72.4% to $228.6 million, reflecting robust demand in the data center cooling segment.
Despite lowering price targets, institutions including Oppenheimer maintained Outperform ratings, with the average analyst target of $141 sitting well above the current share price, providing support for an oversold recovery. The stock had previously reversed from a 6.5% pre-market gain to a roughly 5%-6% intraday decline on August 10 after the company cut its full-year gross margin guidance from 27%-28% to 25%-26%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)