On June 25, nVent Electric rose 5.04% in regular trading, trading at $176.05 per share, with turnover of approximately $60.13 million. The stock rebounded alongside the broader electrical equipment sector following a sharp sell-off earlier in the week.
The rally is underpinned by continued momentum in the data center and liquid cooling thematic. UBS Securities recently projected nVent could deliver organic sales growth of more than 25% and organic order growth above 30% in Q2, driven primarily by data center demand, with Q2 data center orders estimated up roughly 80% year over year. UBS maintains a Buy rating with a $200 price target. Meanwhile, Bernstein initiated coverage at Outperform with a $218 target, and RBC Capital Markets highlighted multiple years of growth ahead due to liquid cooling demand growing 30% to 40%, with supply unable to meet demand. nVent's Q1 results also beat estimates significantly, posting adjusted EPS of $1.09 versus $0.94 expected, and the company raised full-year guidance to $4.45–$4.55 adjusted EPS versus the $4.20 consensus.
Within the Electrical Components & Equipment sector, Acuity Brands rose 21.05%, Eaton gained 4.92%, and Vertiv Holdings added 4.47%, while Sunrun fell 4.89% and FuelCell declined 11.36%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments