Legence
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Legence
Legence Takes Care of the Building Systems of Big Techs
Book-to-Bill ratio of 1.9 illustrates strong business
BTIG raises price target to $75 (Buy)
Reading Time: 2 minutes
Legence (LGN) is one of the silent top beneficiaries of massive data center investments, offering comprehensive services in planning, consulting, installation, and maintenance for mission-critical building systems. Leading tech companies such as Intel, Tesla, SpaceX, Google, Meta, Microsoft, and Amazon have been part of their customer base for many decades, ensuring stable supply chains with planning and payments well in advance. Discussions for data center projects extend as far as 2029, and the order backlog was increased by 49% in Q4 to a record...
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