nVent Electric (NYSE: NVT), a London-based manufacturer of electrical components and cooling systems used in data centers, has surged 66% year-to-date. Analysts project continued growth in the liquid cooling market, which is expected to expand from $8.5 billion in 2026 to $17.7 billion by 2030, reflecting a compound annual growth rate (CAGR) of over 20%.
The company reported record revenue and earnings per share (EPS) in its Q1 2026 earnings, with a backlog that exceeded forecasts, allowing for raised full-year guidance. Analysts from Bernstein and Melius Research issued price targets of $218 and $214 for NVT, significantly above the consensus target of $189.50.
Despite a recent drop of over 8% in stock price, indicators suggest that NVT is in a bullish momentum phase, trading above its 50-day moving average. Investors should monitor the $159–$160 support zone for any potential weakness.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
