10 Fastest-Growing Data Center Cooling Stocks to Invest in Right Now

8. Eaton Corporation plc (NYSE:ETN)

Eaton Corporation plc (NYSE:ETN) is one of the fastest-growing data center cooling stocks to invest in right now. The company’s latest investor angle came on June 11, 2026, when Eaton agreed to combine its Mobility business with Dana in a transaction valuing the unit at about $5.1 billion. The move helps sharpen Eaton’s portfolio around electrical and aerospace markets, including data centers, where AI demand is pulling more capital toward integrated power and thermal infrastructure.

The cooling case comes from Eaton’s completed acquisition of Boyd Thermal. On March 12, 2026, Eaton closed the deal, adding a business focused on thermal components, systems, and ruggedized solutions for data centers, aerospace, and other end markets. Eaton said Boyd’s liquid-cooling expertise would support “grid to chip” data center solutions, pairing Eaton’s power-management scale with advanced cooling capabilities. The company’s thermal portfolio now includes air and liquid cooling systems, heat exchangers, conduction cooling, and two-phase heat transfer technologies. Eaton’s growth profile also supports the data center push, with first-quarter sales rising 17% year over year to $7.5 billion.

Eaton Corporation plc (NYSE:ETN) provides power management products and services, including electrical systems, power distribution, backup power, circuit protection, automation, thermal management, aerospace systems, and related solutions for data center, utility, industrial, commercial, residential, aerospace, and mobility markets.