5 Best Stocks to Buy for Global Infrastructure Spending

4. Eaton Corporation plc (NYSE:ETN)

Short Percentage of Float: 2.06%

Eaton Corporation plc (NYSE:ETN) is one of the best stocks to buy for global infrastructure spending. The company’s latest update tied its growth directly to electrical infrastructure demand, especially in data centers and power management. On May 5, Eaton said first-quarter sales rose 17% year-over-year to a record $7.5 billion, while organic sales increased 10%. The strongest infrastructure signal came from its Electrical businesses: Eaton said the twelve-month rolling average of orders in Electrical Americas rose 42% organically, driven by data center momentum, while total Electrical Americas backlog at the end of March was up 44% from March 2025. Electrical Global backlog was also up 73% year-over-year.

The update supports Eaton’s role in the global buildout of power systems, data centers, utilities, and industrial infrastructure. The company also closed its acquisition of Boyd Thermal during the quarter, adding liquid-cooling components and systems for data centers, aerospace, and other end markets. That strengthens Eaton’s grid-to-chip positioning as AI and high-performance computing projects require tighter integration of power distribution, backup systems, and cooling infrastructure.

Eaton Corporation plc (NYSE:ETN) says it makes products for the data center, utility, industrial, commercial, and institutional, machine building, residential, aerospace, and mobility markets, serving customers in 180 countries.