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nVent Electric boosted by AI data center supplier shift

6/17/2026

Summary

Story summary

Melius Research gave nVent Electric a buy rating and a $214 price target, implying a 27% upside.
Analyst Jake Levinson said nVent has shifted from low-growth electrical products to becoming a key AI data-center supplier.
Levinson noted nVent’s partnership with Nvidia to build liquid-cooling infrastructure for high-density AI data centers.
Melius Research said liquid-cooling revenues total a few billion dollars while hyperscaler capex reaches about $700 billion this year.

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Story summary

Melius Research gave nVent Electric a buy rating and a $214 price target, implying a 27% upside.
Analyst Jake Levinson said nVent has shifted from low-growth electrical products to becoming a key AI data-center supplier.
Levinson noted nVent’s partnership with Nvidia to build liquid-cooling infrastructure for high-density AI data centers.
Melius Research said liquid-cooling revenues total a few billion dollars while hyperscaler capex reaches about $700 billion this year.