Latest news with #ResilientPowerSystems
Yahoo
27-07-2025
- Business
- Yahoo
Eaton Corporation plc (ETN) Has Gained Over 12% In The Past Month. Here is Why
Eaton Corporation plc (NYSE:ETN) is among the 13 Best Global Stocks to Buy Right Now. The company's shares have gained 12.50% over the past month, as of the close of business on July 22, driven by recent developments that have encouraged investor sentiment. Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels On July 16, the company announced that it had signed an agreement to acquire Resilient Power Systems Inc., a Texas-based developer and manufacturer of innovative energy solutions, including solid-state transformer-based technology. The transaction is set to close during the third quarter of the year and is expected to provide Eaton Corporation plc (NYSE:ETN) with increased exposure to fast-growing markets. The intelligent power management company also recently announced a collaboration with NVIDIA to enable the shift to HVDC power infrastructure in AI data centers. The partnership is focused on designing best practices, innovative power management solutions, and reference architectures suitable for high-density GPU deployments. Investor sentiment has also been strengthened by analyst rating updates in July, which have seen leading firms, including Wells Fargo, Goldman Sachs, Barclays, and Citigroup, lifting their price targets for Eaton Corporation plc (NYSE:ETN). Overall, Wall Street analysts maintain a positive outlook for the stock, with a consensus Buy rating. While we acknowledge the potential of ETN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds and 13 Best Booming Stocks to Buy Now. Disclosure: None.
Yahoo
20-07-2025
- Automotive
- Yahoo
Eaton (ETN) Charges Ahead with Grid Modernization in Resilient Power Deal
Eaton Corporation, PLC (NYSE:ETN) is one of the Best Industrial Automation Stocks to Buy for the Next Decade. Eaton Corporation, PLC (NYSE: ETN) announced on Tuesday that it has signed an agreement to acquire Resilient Power Systems Inc., a Texas-based developer of solid-state transformer technology used in high-power direct current (DC) applications. The deal, expected to close in the third quarter of 2025, will strengthen Eaton's footprint in electrification and grid modernization. A technician standing in the middle of a power station, inspecting a power distribution system. Resilient Power is known for its ultra-compact EV charging depots, which connect directly to the existing grid, allowing for faster and more efficient deployment of electric vehicle infrastructure. Backed by venture capital groups including Energy Transition Ventures, the company's solutions are already enabling quicker rollouts for EV fleets and public charging networks. Eaton Corporation, PLC (NYSE:ETN) sees broader potential for Resilient's technology in future applications, including high-density data centers, port electrification, and battery energy storage systems. Mike Yelton, president of Eaton's Americas Region Electrical Sector, said the acquisition would combine Resilient's innovation with Eaton's global scale, unlocking new efficiencies for customers aiming to improve power distribution reliability. The acquisition aligns with Eaton's strategy to accelerate the transition to more efficient, digitized power systems and expand its industrial automation capabilities. The move also highlights growing demand for modular, software-driven power distribution across critical infrastructure sectors. Eaton automates industrial power systems through smart circuit protection, energy distribution, and grid technologies essential to electrification, EV charging, and infrastructure. While we acknowledge the potential of ETN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Healthcare AI Stocks to Buy According to Hedge Funds and 10 Consumer Defensive Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
16-07-2025
- Automotive
- Yahoo
Eaton's Latest Acquisition To Modernize EV Charging Infrastructure
Eaton Corp. (NYSE:) on Wednesday announced it is strengthening its foothold in the energy transition space by acquiring Resilient Power Systems Inc., a U.S.-based firm known for cutting-edge solid-state transformer technology used in high-power direct current (DC) systems. The deal, expected to close in the third quarter of 2025, will give Eaton access to Resilient's specialized solutions designed to modernize EV charging infrastructure and support power distribution in data centers and battery energy storage systems. Resilient Power Systems, based in Austin, Texas, and backed by venture firms including Energy Transition Ventures, develops ultra-compact EV charging depots that connect directly to utility distribution grids. This enables faster and more cost-effective deployment of EV fleet and public charging stations. Also Read: Mike Yelton, president of Eaton's Americas Region Electrical Sector, said Resilient's solid-state transformer technology has broader potential beyond EVs, particularly in areas like port electrification and next-gen data centers. He emphasized that Eaton's global footprint and service capabilities will help bring the tech to scale while improving power reliability and cost efficiency. The acquisition aligns with Eaton's strategy to capitalize on electrification and digitalization trends. Earlier this year, Eaton expanded its portfolio with the $1.55 billion Ultra PCS deal, further underlining its commitment to building next-generation power solutions. Eaton held cash of $1.77 billion as of March 31, 2025. Related ETFs to watch are iShares Global Clean Energy ETF (NASDAQ:ICLN) and Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV). Price Action: ETN shares were trading higher by 0.31% to $363.23 at last check Wednesday, Read Next:Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? EATON CORP (ETN): Free Stock Analysis Report This article Eaton's Latest Acquisition To Modernize EV Charging Infrastructure originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
