12 Best 52-Week High Stocks to Buy Right Now

2. nVent Electric plc (NYSE:NVT)

52 Week Range: $41.71 – $117.52

Current Share Price as of December 4: $107.10

Year to date Gain: 55.61%

Stock Upside Potential: 20.86%

Number of Hedge Fund Holders: 61

nVent Electric plc (NYSE:NVT) is one of the best 52-week high stocks to buy right now. On November 20, UBS initiated coverage of the stock with a Buy rating and a $128 price target. The research firm remains optimistic about the company’s prospects, driven by improving demand in the data center and power infrastructure segments. The two segments account for about 40% of the company’s sales and act as drivers of a positive outlook.

Consequently, UBS expects the company to achieve annual organic sales growth of more than 10% through 2027. The firm also expects sales and earnings per share to exceed consensus estimates by about 300 basis points.

The company is staring at a growing data center pipeline and increasing electricity demand. Consequently, on November 17, it confirmed the unveiling of a new liquid-cooling solution targeting AI data centers. nVent rolled out a refreshed lineup of liquid-cooling hardware for data centers, including upgraded coolant distribution units, cooling manifolds, new racks, and next-gen power distribution units built on a shared control platform.

The portfolio features modular row- and rack-level CDUs with both AC and DC options. nVent is also working with Siemens on a reference architecture for hyperscale AI cooling and contributing a Google-aligned CDU design to Project Deschutes. The company has broadened its service offerings as well, adding installation, start-up support, maintenance, and repair for liquid-cooling systems.

nVent Electric plc (NYSE:NVT) designs, manufactures, markets, installs, and services high-performance electrical connection and protection solutions to help make systems safer and more secure. Its products are used in various applications, such as data centers, industrial facilities, and buildings.