In this article, we will look at the 5 Under-the-Radar Data Center Stocks to Buy. Please visit 10 Under-the-Radar Data Center Stocks to Buy if you’d like to see an extended list and methodology behind it.
5. nVent Electric plc (NYSE:NVT)
Market Cap: $22.66 billion
Number of Hedge Fund Holders: 68
nVent Electric plc (NYSE:NVT) is one of the best under-the-radar data center stocks to buy. The stock has more than doubled in the past year, registering a 168.19% growth and an equally impressive 31.18% year-to-date increase. It continues to enjoy a strong buy rating from analysts, driven by optimistic growth prospects for the company.
On April 13, Citi analyst Vladimir Bystricky raised the price target on nVent Electric to $152 from $133 and maintained a Buy rating on the stock. 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.
Earlier this month, Evercore ISI initiated coverage of nVent Electric, setting a price target of $160.00 and assigning an outperform rating, according to a report by Investing.com. Evercore ISI said the company’s expected earnings per share growth of approximately 25% from 2026 through 2028 will be fueled by its organic growth prospects, pricing power, and operational execution.
On March 18, nVent Electric Chair and Chief Executive Officer Beth Wozniak expressed optimism for the company’s performance at the start of the year. She said:
“We have reshaped nVent into a more focused, higher-growth electrical company that is well-positioned to capitalize on the growing trends of electrification, digitalization and sustainability. Our strategy is to continue driving accelerated growth with a focus on the infrastructure vertical, including data centers and power utilities, new products and innovation, capacity expansion and disciplined capital allocation. The execution of this strategy is yielding significant results as seen in 2025.We are off to a strong start to the year, our Q1 performance is trending ahead of our initial expectations, and we look forward to continuing this momentum.”
nVent Electric plc (NYSE:NVT) is a leading global provider of electrical connection and protection solutions. It offers a comprehensive range of system protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability, and innovation.
4. Credo Technology Group Holding Ltd (NASDAQ:CRDO)
Market Cap: $34.95 billion
Number of Hedge Fund Holders: 69
Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the best under-the-radar data center stocks to buy. The stock has skyrocketed 367.99% in the past year and 32.31% year-to-date. On April 22 alone, Credo Technology’s stock rose 3.37 percent as it continued to highlight its next-generation connectivity solutions for AI infrastructure.
Last week, the company kicked off its participation in the Taiwan Semiconductor Manufacturing Company (TSMC) 2026 Technology Symposium, where it showcased the first solution in its OmniConnect family, Weaver, designed to break through the memory bottlenecks that limit AI inference scalability. In addition to Weaver, Credo will also highlight its 224G PAM4 SerDes Intellectual Property (IP), proven in TSMC 3nm process.
On April 13, Credo Technology announced a definitive agreement to acquire DustPhotonics, a company engaged in the development of Silicon Photonics Photonic Integrated Circuit (SiPho PIC) technology for optical transceivers. The company said the acquisition directly accelerates its optical interconnect roadmap, adding that it significantly expands its served addressable market in the global optical industry.
Credo Technology President and Chief Executive Officer William Brennan emphasized that the acquisition plays an important role in its AI connectivity strategy. He said:
“Combining forces with DustPhotonics marks a defining step in Credo’s strategy to lead across the full spectrum of AI connectivity. We’ve built a strong position in high-speed electrical solutions, and this move decisively expands that leadership into Silicon Photonics with best-in-class PIC technology that complements our ZeroFlap Optical Transceivers and DSP portfolio”.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency for the next generation of AI-driven applications, cloud computing, and hyperscale networks.
3. Constellation Energy Corporation (NASDAQ:CEG)
Market Cap: $104.04 billion
Number of Hedge Fund Holders: 76
Constellation Energy Corporation (NASDAQ:CEG) is one of the best under-the-radar data center stocks to buy. In the past year, the company’s stock jumped 36.87%, while it posted a 21.59% percent year-to-date. On April 22, Evercore ISI resumed coverage of Constellation Energy (CEG) with an Outperform rating and $380 price target, TheFly reported. The coverage resumption was driven by the company’s completion of its $26.6B Calpine acquisition earlier this year.
On January 7, Constellation announced the completion of its acquisition of Calpine Corporation from Energy Capital Partners, which resulted in the combined company having approximately 55 gigawatts (GW) of capacity across nuclear, natural gas, geothermal, hydro, wind, solar, and battery storage.
For this year, Constellation Energy is targeting $3.9 billion in capital spending and has increased its share buyback authorization to $5 billion, as it prepares to meet the growing demand for clean electricity, Reuters reported in March.
Constellation Energy’s stock continues to see a strong buy rating from analysts. Based on 21 analyst ratings compiled by CNN, 86 percent assigned a Buy rating on Constellation Energy. It currently has a median price target of $388.00, a 35.12 percent upside from its current price.
Constellation Energy Corporation (NASDAQ:CEG) is the largest private-sector power producer in the world and the nation’s largest producer of clean and reliable energy. With 55 gigawatts of capacity from nuclear, natural gas, oil, geothermal, hydro, wind, and solar facilities, its fleet has the generating capacity to power the equivalent of 27 million homes, providing about 10% of the nation’s clean energy and delivering the around-the-clock reliability needed to power America’s growing economy.
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.
1. Bloom Energy Corp. (NYSE:BE)
Market Cap: $64.88 billion
Number of Hedge Fund Holders: 88
Bloom Energy Corp. (NYSE:BE) is one of the best under-the-radar data center stocks to buy. Bloom Energy’s stock has skyrocketed 1,231.11% over the past year and an equally impressive 132.8% year-to-date. On April 21, UBS raised its price target on Bloom Energy to $251 from $171 while retaining a Buy rating, driven by the readiness of the company for the next wave of AI data center infrastructure buildout, with its entire product lineup being 800V DC ready.
On April 13, Bloom Energy announced an expanded partnership with Oracle to support the rapid buildout of its AI and cloud computing infrastructure. Under a master services agreement, Oracle intends to procure up to 2.8 gigawatts (GW) of Bloom’s fuel cell systems. As part of the agreement, an initial 1.2 GW of capacity has been contracted, with deployment underway and continuing into next year. Bloom’s fuel cells will support Oracle projects in the U.S. and help meet demand for its cutting-edge cloud infrastructure.
Bloom Energy said the expanded partnership highlights its capability to provide fast, reliable power suited for AI workloads, which require rapid, load‑following support that traditional grids were not designed to deliver. It emphasized that its systems are built to support higher-density AI workloads more efficiently, with a technology platform aligned to emerging standards such as 800 V dc.
Bloom Energy Corp. (NYSE:BE) empowers enterprises to meet soaring energy demands and responsibly take charge of their power needs. The company’s solid oxide fuel cell systems provide ultra-resilient, highly scalable onsite electricity for Fortune 500 customers around the world, including data centers, semiconductor manufacturing, large utilities, and other commercial and industrial sectors.
While we acknowledge the potential of BE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BE and that has 100x upside potential, check out our report about the cheapest AI stock.
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