10 Best Smart City Stocks to Invest In

5. nVent Electric plc (NYSE:NVT)

Number of Hedge Fund Holders: 55

nVent Electric plc (NYSE:NVT) is one of the best smart city stocks. On September 3, nVent Electric revealed the lease of a new 117,000 square feet facility in Blaine, Minnesota. The company plans to use this space to expand its data center solutions capacity amid growing interest in liquid cooling.

nVent’s Blaine facility is its second data center manufacturing expansion in two years and it is scheduled to commence operations in early 2026. The site will employ over 175 workers and specialize in delivering new solutions for data center customers, including liquid cooling technologies. The company claims to have already delivered more than 1GW of liquid cooling since 2020, partnering with leading semiconductor firms to scale the technology.

This move follows nVent’s recently increased output at its Anoka, Minnesota site. The two facilities together are estimated to add more than 325 jobs.

Sara Zawoyski, President of nVent Systems Protection, mentioned:

“We play a key role in building out AI infrastructure with our innovative liquid cooling solutions, and our investments in innovation and expanding production capacity with this new facility underscores that.”

nVent Electric plc (NYSE:NVT) manufactures and distributes electrical connection and protection products worldwide through two main segments, Enclosures and Electrical & Fastening Solutions.