In this article, we will discuss the 5 Electrical Contracting Stocks to Buy for Data Hall Fit-outs. For deeper discussion and analysis, read 7 Electrical Contracting Stocks to Buy for Data Hall Fit-outs.

5. Eaton Corporation plc (NYSE:ETN)

Short Percentage of Shares Outstanding: 2.37%

On May 11, Alexander Virgo, analyst of Evercore ISI raised the firm’s price target on Eaton Corporation plc (NYSE:ETN) to $453 from $407 while maintaining an In Line rating on the shares. The revised target reflects growing confidence in the company’s operational performance and long-term growth prospects.

On May 6, Andrew Kaplowitz, analyst of Citi raised the firm’s price target on Eaton Corporation plc (NYSE:ETN) to $471 from $464 and reiterated a Buy rating on the stock, citing the company’s robust order activity and backlog, which provide strong revenue visibility. On the same day, JPMorgan raised its price target on Eaton to $445 from $406 while maintaining an Overweight rating following the company’s first-quarter results and updated financial model.

Founded in 1911 and headquartered in Dublin, Ireland, Eaton Corporation plc (NYSE:ETN) outfits data centers by providing mission-critical power distribution systems, uninterruptible power supplies (UPS), thermal/liquid-cooling technologies, and energy-management software to ensure resilient, efficient, and rapid-deployment IT infrastructure.

4. EMCOR Group, Inc. (NYSE:EME)

Short Percentage of Shares Outstanding: 2.33%

On May 28, Brent Thielman, analyst of Oppenheimer, initiated coverage of EMCOR Group, Inc. (NYSE:EME) with an Outperform rating and a $1,100 price target. The firm views EMCOR as one of the higher-quality publicly traded infrastructure services companies, citing its significant exposure to accelerating investment in high-tech manufacturing projects and data center development. Oppenheimer also believes the company has the characteristics of a long-term compounder, supported by potential acquisition opportunities and strong end-market demand.

On April 30, Baird raised its price target on EMCOR Group, Inc. (NYSE:EME) to $900 from $808 while maintaining an Outperform rating on the shares. Following the company’s first-quarter results, the firm updated its financial model and noted that management’s guidance continues to appear relatively conservative despite the company’s strong operating performance.

Founded in 1979 and headquartered in Norwalk, Connecticut, EMCOR Group, Inc. (NYSE:EME) is a major electrical contractor that designs and builds the critical infrastructure for data halls by providing specialty electrical systems, high-capacity power distribution, backup generators, and cooling networks required to operate modern data centers. It ranks fourth in the list of best electrical contracting stocks to buy for data hall fit-outs.

3. Trane Technologies plc (NYSE:TT)

Short Percentage of Shares Outstanding: 1.95%

On May 14, JPMorgan raised its price target on Trane Technologies plc (NYSE:TT) to $475 from $460 while maintaining a Neutral rating on the shares. The firm updated its financial model following the company’s first-quarter earnings report, reflecting continued confidence in Trane’s operating performance and market position.

On May 4, Christopher Snyder, analyst of Morgan Stanley, raised the firm’s price target on Trane Technologies plc (NYSE:TT) to $565 from $535 and reiterated an Overweight rating on the stock. The analyst noted that demand trends continue to improve and believes that the next phase of upside could be driven by growing investor recognition. He also added that the company’s anticipated second-half 2026 growth acceleration may extend into 2027.

Founded in 1885 and headquartered in Swords, Ireland, Trane Technologies plc (NYSE:TT) is a climate innovation manufacturer. It supplies mission-critical cooling infrastructure for data centers, engineering high-capacity chillers and advanced liquid-cooling systems to manage the intense thermal loads of modern AI server halls.

2. APi Group Corporation (NYSE:APG)

Short Percentage of Shares Outstanding: 1.87%

On May 15, APi Group Corporation (NYSE:APG) announced the successful completion of two previously disclosed financing transactions, including a private offering of $500 million in aggregate principal amount of 5.75% senior notes due 2034 and an amendment to its existing credit agreement. The amended agreement extends the maturity of the company’s Term Loan B facility to 2033 while also increasing and extending its revolving credit facility to $1.0 billion through 2031. These actions further strengthen APi’s financial flexibility and provide additional capital to support its long-term growth strategy.

On May 7, APi Group Corporation (NYSE:APG) announced the launch of a $500 million senior unsecured notes offering and disclosed plans to amend its existing credit agreement to extend debt maturities, increase liquidity, and revise key financing terms. The company stated that the proceeds from these financing initiatives will primarily be used to fund its previously announced acquisitions of Onyx-Fire Protection Services and Wtech Fire Group, as well as for general corporate purposes. The transactions underscore management’s commitment to expanding APi’s service portfolio and enhancing its position within the fire protection and specialty contracting markets.

APi Group Corporation (NYSE:APG) was founded in 1926 and is headquartered in New Brighton, Minnesota. Through its subsidiaries, it acts as a premier electrical, mechanical, and life-safety contractor that supports data center growth by providing critical infrastructure, including fire protection, low-voltage alarm, and the complex electrical buildouts required for modern data halls.

1. Johnson Controls International plc (NYSE:JCI)

Short Percentage of Shares Outstanding: 1.49%

On May 13, Johnson Controls International plc (NYSE:JCI) completed its acquisition of Alloy Enterprises, a Boston-based developer of next-generation thermal management technologies for high-performance data centers and other mission-critical industrial applications. The acquisition enhances Johnson Controls’ data center cooling portfolio and strengthens its end-to-end thermal management capabilities. Management expects Alloy’s proprietary technology and manufacturing processes to improve efficiency and heat-transfer performance across a broad range of cooling applications, further complementing the company’s existing portfolio of advanced data center cooling solutions.

On May 7, RBC Capital raised its price target on Johnson Controls International plc (NYSE:JCI) to $154 from $139 while maintaining a Sector Perform rating on the shares. The firm highlighted the quality of the company’s second-quarter earnings beat, noting that its data center business helped drive 30% total company order growth and contributed to a record backlog of approximately $20 billion, representing 26% organic growth year over year.

Founded in 1885 and headquartered in Cork, Ireland, Johnson Controls International plc (NYSE:JCI) is a key player in data hall fit-outs. It supplies critical mission-critical data center infrastructure, including advanced thermal management, cooling systems, fire suppression, and building automation to regulate facility environments.

READ NEXT: 12 Best Future Stocks to Buy Right Now and  9 Best Space Stocks to Buy According to Reddit and Social Media.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.