5 Best Under-the-Radar Data Center Stocks to Buy

2. Eaton Corporation plc (NYSE:ETN)

Market Cap: $160.57 billion

Number of Hedge Fund Holders: 87

Eaton Corporation plc (NYSE:ETN) is one of the best under-the-radar data center stocks to buy. Eaton’s stock has registered 50.14% year-on-year growth and 26.45% year-to-date gains. On April 13, Citigroup Inc. adjusted its price target on Eaton upward to $464 from $435 while maintaining a Buy rating. The increase was made amid target adjustments in the industrials group as part of a first-quarter preview. Citi emphasized that the gradually improving industrial trends remain intact, adding that it will likely drive solid first-quarter earnings for most companies in the sector.

On April 20, Eaton announced the expansion of its authorized service center agreement with Air Support, reinforcing its commitment to customer-centric aftermarket support and localized repair solutions.

Eaton said the expanded agreement reflects Air Support’s strong performance as the company’s first authorized aerospace service center in EMEA, emphasizing the latter’s support in ensuring that customers have easier and more cost-effective access to high-quality repairs closer to where aircraft operate. Through the agreement, Air Support provides customers with access to OEM repairs, the latest repair documentation, and consistent use of approved Eaton spare parts, while reducing transportation-related emissions through localized service delivery.

Eaton Corporation plc (NYSE:ETN) is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. It makes products for the data center, utility, industrial, commercial, and institutional, machine building, residential, aerospace, and mobility markets.