NVent Electric shares hit all-time high after outlook rise
Updated
Updated · MarketWatch · May 1
NVent Electric shares hit all-time high after outlook rise
7 articles · Updated · MarketWatch · May 1
The stock touched $167.37 and was recently up 12% at $159.34 after the company forecast 2026 sales growth of 26% to 28% and adjusted EPS of $4.45 to $4.55.
NVent also projected second-quarter adjusted EPS of $1.12 to $1.15 on sales growth of 28% to 30%, both above analyst expectations compiled by FactSet.
First-quarter adjusted EPS was $1.09, beating estimates, while revenue rose to $1.24 billion from $809.3 million a year earlier, which the company said was driven by data-centre growth.
Is NVent's soaring stock price sustainable amid concerns about overvaluation and insider selling, or are we witnessing another tech-driven bubble?
How will NVent and the broader data center industry overcome mounting challenges in electricity, water use, and community resistance as AI accelerates expansion?