All research in Electrical Equipment — 1 reports.
nVent is an electrical infrastructure supplier spun out of Pentair in 2018, with core businesses in data-center IT racks, liquid-cooling CDU/RDHx systems, modular data-center buildings through Trachte, and medium- and low-voltage switchgear through Avail EPG. The core thesis is that nVent has recycled capital out of mature thermal-management assets and into AI data-center picks and shovels, with fiscal 2024 revenue of about $3.35 billion and an operating margin near 20%. Report rating Hold: a high-quality compounder, but the current valuation already prices in most of the AI data-center upside.
