Alger Mid Cap Growth Fund on Comfort Systems USA, Inc.
Thesis
Alger views Comfort Systems USA as a critical infrastructure partner in the data-center buildout because of its specialized mechanical and electrical capabilities. Demand for HVAC, plumbing, piping and electrical systems is increasing as hyperscalers expand AI-related capacity at an accelerating pace. First-quarter revenue and earnings exceeded expectations by a wide margin, and another dividend increase signaled management confidence in the durability of growth.
“The company has emerged as a critical infrastructure partner in the data center buildout”