Vertiv Holdings (VRT) Announces Four New or Expanding Manufacturing Facilities in the Americas

Vertiv Holdings Co (NYSE:VRT) is one of the most profitable NYSE stocks to invest in. Vertiv Holdings Co (NYSE:VRT) announced on March 26 four new or expanding manufacturing facilities in the Americas, expanding its production capacity for power management, infrastructure solutions, and integrated cabinets. The company announced two additional manufacturing facilities in South Carolina, an additional facility in Pennsylvania launched by its racks and containment business, and an expansion in Mexicali, Mexico.

In another development, HSBC initiated coverage of Vertiv Holdings Co (NYSE:VRT) with a Buy rating and $325 price target on March 25, telling investors in a research note that the company is a leading critical infrastructure provider for data centers as well as an “important enabler” of AI growth. Its solutions across the power and thermal management systems support its position. The firm also stated that it sees a “highly attractive” long-term growth outlook for data centers, and expects Vertiv Holdings Co (NYSE:VRT) to be a “significant beneficiary of these favorable tailwinds”. It predicts 36% annual earnings growth for the company through 2028.

Vertiv Holdings Co (NYSE:VRT) designs, manufactures, and services critical digital infrastructure technology for communication networks, data centers, and commercial and industrial environments. It also offers thermal management products, power management products, switchgear and busbar products, integrated rack systems, modular solutions, and more. The company’s operations are divided into the following geographical segments: Americas, Asia Pacific, and Europe, the Middle East, and Africa (EMEA).

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.