NN Shares Gain After Securing New Awards for Liquid Cooling Products

Dow Jones06-29

Shares of NN jumped after the company said it secured "a significant amount" of additional immediate-supply awards for liquid cooling products that go into Nvidia's artificial intelligence data center racks.

The stock popped 49%, to $4.11, in premarket trading Monday. Through Friday's close, shares have more than doubled in value since the beginning of the year.

NN said before the bell that the new awards are in addition to its previously-communicated awards, greatly increasing the size of its liquid cooling product portfolio.

The company said it has already pre-sold 100% of its production capacity.

NN is on its way to having 52 dedicated machines to make liquid cooled products for its data center business, it added. Of these, 50 would be dedicated to production lines, while an additional two machines would make samples for new business.

The company is working to rapidly increase the size of its liquid cooling product line, investing in new technology and capabilities to support rapid growth.

"We have a dedicated company effort to grow data center products, and we are happy to have secured our next set of new awards," Chief Executive Harold Bevis said.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

June 29, 2026 07:56 ET (11:56 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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