Thesis: fraud, analyst: jehoshaphat-research, sector: building.
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More ... latest change: 2026-02-28 Jehoshaphat Research published on AAON (NASDAQ: AAON — $8.60 billion), an HVAC company. Jehoshaphat alleged AAON’s data center division revenue “is currently overstated by ~30-40%” and predicted its data center revenue margin will be well below street estimates. Jehoshaphat said the company’s accounting misconduct “appears to have started with a revenue recognition change made in Q424” and noted that the CEO and Chief Accounting Officer responsible have both departed after selling down their stock holdings. 2026-01-30 USD 91.06
Last updated: 2026-03-07 by automated standardization process
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