5 Best Grid Modernization Stocks to Buy for AI Infrastructure

2. nVent Electric plc (NYSE:NVT)

Short Percentage of Float: 2.08%

nVent Electric plc (NYSE:NVT) is one of the best grid modernization stocks to buy for AI infrastructure.

On May 1, nVent Electric plc (NYSE:NVT) reported record first-quarter sales, orders, and backlog, with management saying infrastructure led the company’s growth due to broad-based data center demand across both gray and white space. Sales rose 53% year-over-year to $1.2 billion, while organic sales increased 34%. The company’s backlog also increased to $2.6 billion, and nVent raised its full-year 2026 outlook to 26%-28% reported sales growth and 21%-23% organic sales growth.

The story fits the grid-modernization angle because nVent’s products sit inside the electrical connection and protection layer that supports high-density data centers and utility-linked infrastructure. Its Systems Protection segment, which includes enclosures and protection systems for critical equipment, posted 76% sales growth in the quarter, including 50% organic growth. That makes nVent Electric plc (NYSE:NVT) relevant to AI infrastructure beyond servers and chips: as data centers require more power-dense facilities, they also need electrical systems that connect, protect, and organize critical power equipment safely.

nVent Electric plc (NYSE:NVT) provides electrical connection and protection solutions, including enclosures, electrical fastening systems, low-voltage power and grounding products, data center infrastructure products, thermal protection systems, and related industrial electrical solutions.