Valued at a market cap of $61.2 billion, Carrier Global Corporation (CARR) is a leading provider of intelligent climate and energy solutions, headquartered in Palm Beach Gardens, Florida. Founded in 1915, the company has evolved into a global powerhouse in heating, ventilation, and air conditioning (HVAC), refrigeration, and building automation technologies. 

Companies worth $10 billion or more are typically classified as “large-cap stocks,” and CARR fits the label perfectly, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the building products & equipment industry. Carrier’s competitive edge stems from its strong global brand legacy, deep industry expertise, and leadership in climate control and energy-efficient solutions. As a pioneer in HVAC, the company benefits from a broad and loyal customer base, advanced R&D capabilities, and a diversified portfolio.

Despite its notable strength, CARR has slipped nearly 14.3% from its 52-week high of $83.32, touched on Oct. 15, 2024. Moreover, it has increased 10.1% over the past three months, outperforming the Industrial Select Sector SPDR Fund’s (XLI) 7.4% rise during the same time frame.

Zooming out, CARR has soared 13% over the past 52 weeks, trailing XLI’s 16.9% return. Moreover, CARR is up 4.6% in 2025, lagging XLI’s 9.1% rise. 

To confirm its recent bullish trend, CARR has been trading above its 50-day and 200-day moving averages since early May, despite some fluctuations. 

Carrier Global released its Q1 2025 results on May 1, and its shares surged 11.6%. The company delivered adjusted earnings of $0.65 per share and raised its full-year profit guidance to a range of $3.00 to $3.10, topping Wall Street forecasts. The upbeat outlook was fueled by strong momentum in its HVAC and aftermarket businesses, supported by growing demand for energy-efficient systems amid rising global temperatures, tightening climate regulations, and increased adoption of heat pumps, all of which reinforced investor optimism.

In the competitive industrial sector, Carrier Global has considerably trailed its rival, AAON, Inc.’s (AAON) 29.1% gain over the past 52 weeks and 19.4% decline on a YTD basis.

Despite CARR’s recent underperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from the 22 analysts covering it, and the mean price target of $83.40 suggests a 16.8% premium to its current levels.