Thermon sees liquid load bank quotes surge on data center demand

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Thermon Group Holdings Inc. reported a significant surge in liquid load bank solution quotes, reaching over $100 million as of April 2026, driven by high demand from the data center market. The company, which entered this market eight months ago, has already secured orders for approximately 80 units and sees a multi-year opportunity pipeline of $400 million, contributing to its robust organic growth and a 118% return for investors over the past year. This growth is also supplemented by recent news of a $2.2 billion merger agreement with CECO Environmental.

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