Jim Cramer Recently Shed Light on These 9 Stocks

4. Comfort Systems USA, Inc. (NYSE:FIX)

Number of Hedge Fund Holders: 35

Talking about Comfort Systems USA, Inc. (NYSE:FIX), Cramer said:

“HVAC, whether it be Trane, whether it be Carrier, if you got HVAC, it’s the thing. I mean I know it’s weird because it’s very much like plastics in the movie The Graduate. But like if someone were to tell me right now, a young kid walked by and say, Jim, I’m thinking about going in the stock market. You know what I’d tell him? HVAC.”

Comfort Systems (NYSE:FIX) offers a wide range of mechanical and electrical services, including installation, maintenance, repair, and renovation of HVAC, plumbing, electrical, and other building systems. As of the first nine months of 2024, the company reported a 23% growth in same-store revenue compared to the same period in the previous year.

However, management acknowledged that the company may face more challenging revenue comparisons in the upcoming quarters, suggesting that growth in the fourth quarter of 2024 is likely to align closely with the growth experienced during the third quarter.

Looking further ahead, Comfort Systems (NYSE:FIX) expects continued revenue growth in 2025, forecasting a rise in the range of high single digits to low double digits. Moreover, CEO Brian Lane highlighted the company’s growing backlog and strong booking performance. He emphasized that despite the company completing projects at a record pace, its backlog remains significantly higher than in previous years.