10 Best Electrical Equipment Stocks to Buy Now

2. nVent Electric plc (NYSE:NVT)

Number of Hedge Fund Holders: 48

nVent Electric plc (NYSE:NVT) is engaged in designing, manufacturing, marketing, installing, and servicing electrical connection and protection solutions. The company’s stock has seen a strong run-up of more than 30% over the past month. nVent Electric plc (NYSE:NVT) raised FY 2025 sales and EPS guidance, with reported sales growth expected to be 19% – 21% as compared to the prior guidance of 8% – 10%. This updated guidance range includes the acquisition of the Avail Electrical Products Group. Furthermore, it expects FY 2025 EPS of $2.48 – $2.58 on a GAAP basis and adjusted EPS of $3.03 – $3.13 as compared to prior guidance of $2.45 – $2.55 on a GAAP basis and adjusted EPS of $2.98 – $3.08.

Seaport Global Securities analyst Scott Graham upped the company’s stock from “Neutral” to “Buy.” This upgrade exhibits a favourable outlook on nVent Electric plc (NYSE:NVT)’s prospects despite worries related to reduced spending by data centers. The analyst noted the expected robust demand for compute and storage from data centers, hinting that even with potential reductions in AI demand projections, the impact can be less than feared. Overall, nVent Electric plc (NYSE:NVT) remains well-placed to reap the benefits of the electrical equipment market, mainly via the strategic emphasis on high-demand sectors, including data centers and utilities.