Eaton (ETN) Announces a $30M Investment to Increase U.S. Switchgear Output

Eaton Corporation plc (NYSE:ETN) is one of the 7 Best Data Center Hardware Stocks to Invest in.

On April 8, Eaton Corporation plc (NYSE:ETN) invested over $30 million in U.S. production, constructing a switchgear facility in Bellevue, Nebraska. The investment is to meet high demand from AI data center customers. The company stated that the facility will give preference to speed and quality for medium-voltage equipment use in power distribution systems.

Separately, on April 13, Citi lifted Eaton Corporation plc (NYSE:ETN)’s price target to $464 from $435. It retained a Buy rating on the stocks and modified industrial sector expectations for Q1. Citi believes “gradually improving” manufacturing fundamentals can improve profit momentum.

Eaton (ETN) Announces a $30M Investment to Increase U.S. Switchgear Output

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The firm sees 7-9% organic growth in 2026 with segment margins of 24.6-25.0%. It forecasts EPS of $11.57-$12.07, with adjusted EPS of $13.00-$13.50. In the first quarter of 2026, the company expects organic growth of 5-7%, segment margins of 22.2-22.6%, EPS of $2.29-$2.49, and adjusted EPS of $2.65-$2.85.

Eaton Corporation plc (NYSE:ETN) is a power management firm that presents energy-saving solutions for electrical, hydraulic, and mechanical power. It works in the Electrical Americas and Electrical Global; Aerospace, Vehicle, and eMobility segments.

While we acknowledge the risk and potential of ETN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ETN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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