10 Best European Growth Stocks to Buy

8. nVent Electric plc (NYSE:NVT)

On May 16, 2026, nVent Electric plc (NYSE:NVT) announced that its Board of Directors approved a new three-year share repurchase program authorizing the company to buy back up to $500M of its shares beginning July 23, 2026. The new authorization is in addition to the company’s existing repurchase program approved in July 2024, which remains active through July 23, 2027. As of March 31, 2026, approximately $96M remained available under the prior authorization. nVent also disclosed that it had roughly 162 million common shares outstanding at the end of the first quarter.

On May 4, 2026, Roth Capital raised the firm’s price target on nVent Electric plc (NYSE:NVT) to $185 from $135 while maintaining a Buy rating on the shares. Roth said the company delivered a strong Q1 earnings beat, issued Q2 guidance above expectations, and raised its full-year 2026 outlook. The firm added that accelerating AI data center demand, strong organic growth, rising orders, and an expanding backlog continue to improve visibility into 2026 performance.

Barclays analyst Julian Mitchell also raised the firm’s price target on nVent Electric plc (NYSE:NVT) to $190 from $150 while maintaining an Overweight rating on the shares following the Q1 results. Barclays said the company’s strong growth profile, particularly its exposure to data center infrastructure demand, could support a valuation re-rating relative to peers tied to the AI infrastructure buildout.

nVent Electric plc (NYSE:NVT) provides electrical connection and protection solutions across industrial, infrastructure, commercial, and data center markets globally.