While 2020 was a rough year for the economy as whole, it ended up being pretty good for the stock market. The S&P finished the year at a new record high. Not all segments soared, but the HVAC industry did very well.
It was a wild ride for Carrier Global Corp. The company debuted on Wall Street on April 3, after being spun off from United Technologies Corp., and started trading at $16 a share. The stock fell below $14 a couple of weeks later but then began climbing and has yet to stop. Carrier ended the year up more than 200%.