Allspring Growth Fund Q1 2026 Contributors And Detractors
Allspring Global Investments·2026-04-30·via All Articles on Seeking Alpha
Summary
Comfort Systems USA entered 2026 with a robust backlog and high visibility into projected revenue for complex projects, benefiting from increased adoption of its modular solutions manufactured offsite.
Vertiv Holdings Co. benefited from a sharp acceleration of growth in its order book and continued ability to win market share from legacy players in the cooling space.
Quanta Services, Inc. performed well during the quarter following a strong earnings beat and record backlog, as power infrastructure became a critical bottleneck in the build-out of AI.
AppLovin Corp. demonstrates strong fundamental performance with clear visibility into purchase conversions driven by its platform, despite concerns that generative AI could disrupt parts of the gaming ecosystem.
DoorDash, Inc. remains a leader in the global digital delivery industry, expanding internationally and into general retail categories as well as investing in robotics and autonomous delivery.
