nVent Electric stock initiated with Buy rating at Roth/MKM on data center exposure

Published 23/07/2025, 14:06
nVent Electric stock initiated with Buy rating at Roth/MKM on data center exposure

Investing.com - Roth/MKM has initiated coverage on nVent Electric (NYSE:NVT) with a Buy rating and a price target of $89.00, according to a research note released Wednesday. This target aligns with the broader analyst consensus, as InvestingPro data shows the stock has received highly positive ratings with price targets ranging from $62 to $96.

The firm identifies nVent Electric as a leading player in the electrical connection and protection sector, highlighting the company’s advantages in electrical enclosures, connectors, and liquid cooling solutions. The company’s strong market position is reflected in its impressive 15.9% revenue growth and robust gross profit margin of approximately 40%.

Roth/MKM cites nVent’s increased exposure to high-growth data solutions and power utility verticals as a key factor supporting the positive outlook for the company.

The research note also points to nVent’s portfolio of trusted brands as a competitive advantage in the electrical equipment market.

Roth/MKM expects margin expansion for nVent as the company integrates acquisitions, mitigates inflationary pressures, and scales new capacity investments.

In other recent news, nVent Electric has announced the appointment of Diane Leopold to its Board of Directors. Leopold, who has extensive experience in the power utilities industry, will also serve on the company’s Audit and Finance Committee. In addition, nVent Electric disclosed that Jon D. Lammers, its executive vice president, general counsel, and secretary, plans to retire in April 2026. The company is currently searching for his successor.

Meanwhile, KeyBanc has raised its price target for nVent Electric to $84 from $78, maintaining an Overweight rating. This adjustment reflects KeyBanc’s increased confidence in the company’s growth prospects and business momentum. Previously, the firm had also increased its price target to $78 from $72, noting the positive momentum in nVent’s Data Solutions business. These developments suggest a favorable outlook for the company, according to KeyBanc analysts.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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