Latest news with #nVent
Globe and Mail
04-06-2025
- Business
- Globe and Mail
Why Shares of Data Center Equipment Company Vertiv Soared in May
Shares of Nvidia partner and data center equipment company Vertiv Holdings (NYSE: VRT), surged by 26.2% in May, according to data from S&P Global Market Intelligence. The startling increase occurred as the market's fears of a slowdown in the artificial intelligence/data center market proved unfounded, and numerous anecdotal and factual data points helped support the idea of an extended uptrend in capital spending on data center equipment. Here's the lowdown. Data center equipment market fears As noted, there were legitimate fears around the marketplace. For example, Vertiv itself reported flat year-over-year order growth in the fourth quarter of 2024, and Microsoft was widely reported to have pulled back on some investments in data centers earlier this year. These sorts of developments create fears that the market is set to slow in 2026, leaving the valuations of companies such as Vertiv exposed. The AI/data market remains strong That said, you can get a good read on what's going on in a market by looking at suppliers, equipment companies, and the spending plans of key customers, most of which confirmed no sign of any slowdown. For example, as previously discussed, various companies have provided excellent market outlooks in recent months. For example, management at electrical connection and protection company nVent, a company growing its data center exposure, sees accelerating demand for its solutions,while mechanical and electrical contractor Comfort Systems sees no let-up in demand for contractors on data centers. Vertiv itself reported earnings in late April, and management noted that its one-year pipeline was growing, as was its pipeline beyond one year. As for Microsoft and another hyperscaler, Alphabet 's Google, the latter's management confirmed its capital spending plans for 2025 and stated that it was "definitely" increasing its spending on AI. Meanwhile, it turns out that Microsoft's pullback on investment in specific locations is more of a case of rebalancing investment where it needs data centers to match demand rather than any pullback in general. Finally, Nvidia's recent results confirmed that the company's underlying demand remains in growth mode. Where next for Vertiv With the growth of AI applications driving increased spending on data centers, the outlook remains bright for Vertiv. In addition, Vertiv is already working on the power equipment necessary to work with the next generation of Nvidia's platforms for data centers to be released in 2027. That could drive the next wave of growth for the industry. Should you invest $1,000 in Vertiv right now? Before you buy stock in Vertiv, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Vertiv wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,385!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $842,015!* Now, it's worth noting Stock Advisor 's total average return is987% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Comfort Systems Usa, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
Business Wire
02-06-2025
- Business
- Business Wire
nVent Tips Off Second Year as Lynx Changemakers Partner
MINNEAPOLIS--(BUSINESS WIRE)--nVent Electric plc (NYSE:NVT) ('nVent'), a global leader in electrical connection and protection solutions, today announced it will once again be a Minnesota Lynx Changemakers partner. After being an inaugural partner of the Lynx Changemakers program from the WNBA's Minnesota Lynx basketball team, nVent again chose to participate in the program as part of the company's ongoing commitment to building the next generation of leaders and promoting awareness of manufacturing and skilled trades as an exciting career path option. "At nVent, we believe as community partners, we all play an important role in helping the next generation of leaders, including young women, to find their passions – whether it's in manufacturing and skilled trades or on the basketball court" Share Announced in 2023, Lynx Changemakers is a first-of-its kind venture focused on building the next generation of female leaders and growing and elevating women's sports throughout Minnesota. The Changemakers program includes financial support of organizations like Girls Taking Action®, which works to empower and educate girls to succeed in school and life. 'At nVent, we believe as community partners, we all play an important role in helping the next generation of leaders, including young women, to find their passions – whether it's in manufacturing and skilled trades or on the basketball court,' said Martha Bennett, nVent Executive Vice President and Chief Marketing Officer. 'The Lynx Changemakers program is an opportunity to foster women's leadership through the power of sports, and we are proud and excited to continue support quality youth education in our community.' nVent is passionate about supporting education in Minnesota and in the communities the company operates in around the world. Additionally, nVent believes female leaders have a tremendous contribution to make across all industries, including electrical and industrial manufacturing. Currently 40 percent of the company's executive leadership team are women. nVent recently hosted students from Girls Taking Action at its Anoka, Minnesota manufacturing facility. nVent's recently expanded Anoka facility manufactures liquid cooling products for data centers. Students toured the production site, engaged in educational career sessions and attended an employee panel. About 200 nVent employees will cheer on the Lynx at the Changemakers Night game on June 3. As a Changemakers partner, nVent will be recognized with a special on-court ceremony along with the other partners and Girls Taking Action. For more information about working at nVent, visit Careers at nVent | nVent. About nVent nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of systems protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE. Learn more at nVent, CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE are trademarks owned or licensed by nVent Services GmbH or its affiliates. This release contains statements that we believe to be 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words 'targets,' 'plans,' 'believes,' 'expects,' 'intends,' 'will,' 'likely,' 'may,' 'anticipates,' 'estimates,' 'projects,' 'forecasts,' 'should,' 'would,' 'positioned,' 'strategy,' 'future,' 'are confident,' 'goals,' or words, phrases or terms of similar substance or the negative thereof are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including the risk that we will be unable to execute our strategy because of market or competitive conditions. For additional information that is material to nVent Electric plc, including information on the factors that could impact our ability to execute our strategy and other material risks to our business, please see our filings with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date of this release. nVent assumes no obligation and disclaims any obligation to update the information contained in this release.
Yahoo
16-05-2025
- Business
- Yahoo
nVent Announces Quarterly Cash Dividend
LONDON, May 16, 2025--(BUSINESS WIRE)--nVent Electric plc (NYSE: NVT) announced today that it will pay a regular quarterly cash dividend of US$0.20 per ordinary share on August 1, 2025, to shareholders of record at the close of business on July 18, 2025. About nVent nVent is a leading global provider of systems protection and electrical connection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We connect and protect some of the world's most critical systems to make them safer, more efficient and resilient. We design, manufacture, market, install and service high performance products and solutions that are helping to build a more sustainable and electrified world. We have a comprehensive portfolio of cable management, control buildings, cooling solutions both liquid and air, electrical connections, enclosures, equipment protection, power connections and power management solutions, and we are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE. nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE are trademarks owned or licensed by nVent Services GmbH or its affiliates. CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This press release contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "targets," "plans," "believes," "expects," "intends," "will," "likely," "may," "anticipates," "estimates," "projects," "forecasts," "should," "would," "could," "positioned," "strategy," "future," "are confident," or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. All projections in this press release are also forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Among these factors are adverse effects on our business operations or financial results, including the overall global economic and business conditions impacting our business; the ability to achieve the benefits of our restructuring plans; the ability to successfully identify, finance, complete and integrate acquisitions, including the Trachte and Avail Electrical Products Group acquisitions; competition and pricing pressures in the markets we serve; the impacts of tariffs; volatility in currency exchange rates, interest rates and commodity prices; inability to generate savings from excellence in operations initiatives consisting of lean enterprise, supply management and cash flow practices; inability to mitigate material and other cost inflation; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging and transportation; increased risks associated with operating foreign businesses, including risks associated with military conflicts; the ability to deliver backlog and win future project work; failure of markets to accept new product introductions and enhancements; the impact of changes in laws and regulations, including those that limit U.S. tax benefits; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating goals. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date of this press release. nVent assumes no obligation, and disclaims any obligation, to update the information contained in this press release. View source version on Contacts Investor Contact Tony RiterVice President, Investor Media Contact Kevin H. KingVice President, Global 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
Yahoo
10-05-2025
- Business
- Yahoo
The Smartest Data Center/AI Stocks to Buy With $2,000 Right Now
These two hidden stocks play the AI/data center theme. This data center equipment company and Nvidia partner provides critical solutions. This company is aggressively increasing its power utilities and data center exposure. 10 stocks we like better than Vertiv › Suppose you think of investing a relatively small amount of money in stocks in a diversified portfolio and are looking to spread risk while gaining upside exposure to an exciting growth theme. In that case, the AI/data center space is a good place to start. Vertiv (NYSE: VRT) and nVent (NYSE: NVT) may not spring to mind when thinking about how to profit from the booming demand for artificial intelligence (AI) applications and, in turn, data center spending. However, that observation highlights an opportunity for discerning investors to profit. All three provide crucial solutions and services to data centers and represent hidden ways to play the theme. Vertiv provides digital infrastructure for data centers and communication networks, and its products include power management, switchgear, thermal management, and monitoring and control infrastructure. Emerson Electric sold the company to Tom Gores' private equity company, Platinum Equity, in 2016, which then brought the company to the market in 2020. Its executive chairman is former long-term CEO of Honeywell, David Cote. The company has found itself ideally placed to benefit from the rising interest in data center investment to support application growth, as amply demonstrated by Vertiv's booming backlog growth. That growth continued through the first quarter, with backlog up 10% from the end of 2024. The strength in its orders and backlog growth encouraged management to raise the midpoint of its full-year organic revenue growth forecast to 18% from a prior estimate of 16% on its recent Q1 earnings call. However, management maintained the midpoint of its profit margin, profit, and cash flow guidance due to uncertainty over tariffs. Still, Vertiv's management and Wall Street analysts expect $1.3 billion in free cash flow (FCF) in 2025, and Wall Street expects $1.65 billion and $1.79 billion in FCF in 2026 and 2027. With a current market cap of $36.1 billion, Vertiv would trade on 28 times and 22.5 times FCF in 2025 and 2026. That's not outstandingly cheap, but it will look like a good value if the trend toward accelerating AI/data center demand continues. nVent offers electrical connection and protection solutions to various industrial, commercial, and residential customers. Those end markets include data centers and the power utilities that generate the energy to power them. Management has made a conscious decision to increase the company's exposure to these attractive end markets by divesting its thermal management business in January, and then completing the purchase of the electrical products group business of Avail Infrastructure Solutions for $975 million. The deal means infrastructure (data solutions and power utilities) now makes up 40% of its portfolio. It's also the fastest-growing end market for nVent. CEO Beth Wozniak noted that its data solutions organic orders rose at a strong double-digit rate in Q1, compared to mid-single-digit growth for the rest of the business. Ultimately, the strength in data solutions order led to mid-teens growth in organic orders in Q1. Just as with Vertiv, nVent's excellent first quarter encouraged management to raise its full-year sales guidance to organic growth of 5% to 7%, compared to a previous estimate of 4% to 6%. However, unlike Vertiv, nVent's management raised its full-year earnings growth guidance to 22% to 26%, compared to an earlier estimate of 20% to 24%. In addition, these forecasts include an assumption of a negative tariff effect of $120 million. Wozniak was clear that power utilities and data centers are driving nVent's growth when she said: "As we look at data solutions and power utilities, in particular, here's where we see that growth accelerating." Despite fears of a slowdown in data center spending going into earnings season and the possible effect of tariffs on business confidence through April, data center spending remains robust. Wall Street analysts share this view, seeing nVent report $3.09 and $3.46 in earnings per share in 2025 and 2026, with FCF coming in at $406 million and $561 million. Those estimates put nVent on less than 20 times earnings in 2025, 17.4 times earnings in 2026, and 24 times FCF and 17.7 times FCF in 2025 and 2026. These are attractive multiples, and with upside potential, nVent is an excellent stock to buy. Before you buy stock in Vertiv, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Vertiv wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $614,911!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $714,958!* Now, it's worth noting Stock Advisor's total average return is 907% — a market-crushing outperformance compared to 163% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 5, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Emerson Electric and Nvidia. The Motley Fool has a disclosure policy. The Smartest Data Center/AI Stocks to Buy With $2,000 Right Now was originally published by The Motley Fool Sign in to access your portfolio
Business Wire
08-05-2025
- Business
- Business Wire
nVent Electric plc to Participate in the Wolfe Global Transportation and Industrials Conference
LONDON--(BUSINESS WIRE)--nVent (NYSE:NVT), a global leader in electrical connection and protection solutions, today announced its participation in the Wolfe Global Transportation and Industrials Conference on Thursday, May 22, 2025. Chair and Chief Executive Officer Beth Wozniak will present at 2:35 p.m. ET. A webcast will be available on nVent's Investor Relations website at About nVent nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings, and critical processes. We offer a comprehensive range of systems protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability, and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE. Learn more at nVent, CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE are trademarks owned or licensed by nVent Services GmbH or its affiliates.
