William Blair analyst Brian Drab has maintained their bullish stance on NVT stock, giving a Buy rating today.
Brian Drab has given his Buy rating due to a combination of factors including nVent Electric’s strong financial performance and strategic acquisitions. The company reported robust growth in orders, revenue, adjusted EPS, and free cash flow, with revenue surpassing consensus expectations. Notably, the recent acquisitions of Trachte and Avail’s EPG businesses have strengthened nVent’s position in the data center and power utilities markets, both of which are anticipated to grow at a double-digit rate in 2025.
Additionally, nVent’s management has revised its full-year guidance upward, projecting a significant increase in revenue and adjusted EPS. This optimistic outlook is driven by the additional revenue and earnings from the EPG acquisition, despite the expected tariff impacts. The company’s ability to mitigate these tariff challenges further supports the positive outlook, making nVent Electric an attractive investment opportunity according to Brian Drab.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $72.00 price target.