UBS analyst Neal Burk reiterated a Buy rating and $200.00 price target on nVent Electric (NYSE: NVT).

The analyst commented, "We expect 2Q results and forward commentary to be supportive of our positive thesis on NVT shares. Specifically, we anticipate organic sales growth of 25%+ year over year, organic order growth above that (30%+), and progress on margins. Shares trade at 31x NTM P/E, a 25% premium to the XLI that we think is reasonable on its face (NVT's growth should sustainably eclipse that of the broader industrial sector) but is likely a narrower premium in reality, given scope for positive earnings revisions. Growth rates in NVT's data center orders can be lumpy, but we think that an 80% year over year increase in 2Q is a reasonable projection. This would put NVT in line with overall hyperscaler capex, which over time has been a directional indicator of order growth with the exception of NVT's outsized strength in 3Q25 (we estimate orders up nearly 300% vs hyperscaler capex +75%). If our 2Q projection is correct, it would mean a 2-year increase in orders of 150%, comparable to +145% in 1Q based on our math."

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Shares of nVent Electric closed at $156.79 yesterday.