UBS Reiterates Buy Rating on nVent Electric (NVT)

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."

For an analyst ratings summary and ratings history on nVent Electric click here. For more ratings news on nVent Electric click here.

Shares of nVent Electric closed at $156.79 yesterday.

You May Also Be Interested In

• Alphabet added to Dow Jones Industrial Average, Verizon dropped
• Cerebras Systems (CBRS) Misses Q1 EPS, Revenues Beat
• After-Hours Stock Movers: FDX, CBRS, NKE