Why A.O. Smith Corporation Stock Surged in November
The stock price of residential and commercial water heater and boiler manufacturer A.O. Smith Corporation (NYSE: AOS) rose 7.1% in November largely after an upbeat presentation to analysts on Nov. 9.
Essentially, the company reiterated the investment case for buying the stock and highlighted management's projection of organic revenue growth of 8% for the next several years.
A collection of A.O. Smith residential water heaters. Image source: A.O. Smith Corporation.
Source: Fool.com