8 Best European Industrial Stocks to Buy Now

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6. nVent Electric plc (NYSE:NVT)

On May 5, 2026, Citi analyst Vladimir Bystricky raised nVent Electric plc (NYSE:NVT)’s price target from $152 to $187. The analyst maintained a “Buy rating” on the shares.

On May 1, nVent Electric plc (NYSE:NVT) released first-quarter 2026 financial earnings. Its sales were $1.2 billion. The sales rose by 53% YoY and 34% organically. The firm reported earnings of $0.86, up by 65%, and adjusted EPS hit $1.09, surging by 63%.

nVent Electric plc (NYSE:NVT) had $196 million in operating income, up by 51%. Adjusted operating income rose by 53% to $249 million. The firm had $196 million in operating income and grew by 51%. The adjusted operating income rose by 53% to $249 million. The company saw operating cash flow of $90 million, up 41%. The firm had free cash flow of $54 million, growing 21%.

CEO Beth Wozniak said that the company had “record sales and orders” and a backlog of $2.6 billion. The CEO claimed growth across all verticals because of data center demand.

nVent Electric plc (NYSE:NVT) changed its outlook for the year. The company said it will have sales growth of 26 percent to 28 percent and adjusted earnings per share of $4.45 to $4.55.

nVent Electric plc (NYSE:NVT) is a company that makes electrical connection and protection. It does its work in two areas:  Systems Protection and Electrical Connections.

While we acknowledge the potential of NVT 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 NVT and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best European Industrial Stocks to Buy Now. 

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