New government spending could be good for the HVAC industry, the Associated Press says. 

HVAC equipment makers stand to benefit from the billions President Barack Obama plans to spend on infrastructure, the Associated Press is reporting.

The $40 billion Obama wants to use to renovate government buildings and improve energy efficiency could mean good things for the stocks of companies such as Lennox International Inc., Ingersoll Rand Co. and Regal Beloit, an analyst for KeyBanc Capital Markets said.

The full AP story ishere.