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nVent Electric
(NYSE:NVT)
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Rating:73Outperform
Price Target:
$179.00
â–²(18.17% Upside)
Action:Reiterated
Date:09/30/26
The score is driven primarily by solid financial performance (growth, improving leverage, and strong free cash flow) and a notably upbeat earnings call with sharply raised guidance. Offsetting factors are a rich valuation (high P/E, low yield) and only moderate technical setup with near-term overbought signals, plus incremental deal/financing risk tied to the Maverick Power acquisition.
Positive Factors
Data-center and infrastructure growth
Strong exposure to data centers and infrastructure aligns nVent with durable electrification and AI-related demand. Broad growth across cooling, cable management and engineered buildings, together with strong orders, supports sustained expansion beyond a single product cycle.
Negative Factors
Acquisition-related leverage
The planned Maverick Power transaction will materially increase debt and interest obligations from the level reported at June 30. Higher leverage reduces financial flexibility and makes successful integration, synergy realization and disciplined post-deal execution more important to sustaining returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Data-center and infrastructure growth
Strong exposure to data centers and infrastructure aligns nVent with durable electrification and AI-related demand. Broad growth across cooling, cable management and engineered buildings, together with strong orders, supports sustained expansion beyond a single product cycle.
Read all positive factors
nVent Electric (NVT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$27.10B
Dividend Yield0.5%
Average Volume (3M)2.28M
Price to Earnings (P/E)45.4
Beta (1Y)1.64
Revenue Growth46.19%
EPS Growth3.13%
CountryUS
Employees12,000
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)3.69
Shares Outstanding161,857,940
10 Day Avg. Volume1,841,247
30 Day Avg. Volume2,275,791
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)4.44
Price to Sales (P/S)4.25
P/FCF Ratio44.53
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue6.04
Enterprise Value/Gross Profit16.34
Enterprise Value/Ebitda27.40
Forecast
1Y Price Target
$214.64Price Target Upside41.69% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)5.15
Revenue Forecast (FY)$5.49B
nVent Electric Business Overview & Revenue Model
Company Description
nVent Electric plc specializes in the global design, production, distribution, installation, and upkeep of electrical connection and protective equipment. Its operations are structured across three distinct divisions. The Enclosures segment offers...
How the Company Makes Money
nVent makes money primarily by selling engineered electrical connection-and-protection products and related services to OEMs, contractors, distributors, and end users. Its revenue is largely generated from: (1) Product sales across major solution ...
nVent Electric Earnings Call Summary
Earnings Call Date:Jul 31, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 23, 2026
Earnings Call Sentiment Positive
The call communicated a strong, positive operational and financial performance: record sales, margin expansion, substantial organic growth (driven by data centers and infrastructure), robust free cash flow, aggressive guidance increases, and active capacity expansion to capture AI-related demand. Offsetting risks include higher tariff and inflation impacts, segment margin pressure in Electrical Connections, lumpy order cadence that creates near-term visibility variability, and execution risk as new facilities ramp. On balance, the favorable top-line momentum, raised guidance, cash generation, and balance sheet flexibility outweigh the manageable headwinds.Positive Updates
Record Quarterly Sales and Strong Organic Growth
Reported sales of $1.471 billion in Q2, up 53% year-over-year; organic sales up 47% year-over-year. This was the fourth consecutive quarter with sales > $1 billion and Systems Protection exceeded $1 billion for the first time.
Negative Updates
Tariff and Inflation Headwinds
Tariff impact and inflation pressures increased: Q2 inflation impact >$50M (including >$30M tariff impact). Full-year tariff impact now expected to be ~ $100M (up from $80M previously) driven by higher volume.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Sales and Strong Organic Growth
Reported sales of $1.471 billion in Q2, up 53% year-over-year; organic sales up 47% year-over-year. This was the fourth consecutive quarter with sales > $1 billion and Systems Protection exceeded $1 billion for the first time.
Read all positive updates
Company Guidance
nVent materially raised its 2026 outlook: full‑year reported sales growth is now 37–39% (prior 26–28%) with organic sales growth of 32–34% (prior 21–23%), and adjusted EPS of $5.00–$5.10 (vs. $4.45–$4.55 previously) — the midpoint implies roughly 50% EPS growth year‑over‑year. For Q3 management guides reported and organic sales growth of 32–35% and adjusted EPS of $1.35–$1.38 (midpoint ≈ +50% Y/Y), assumes mid‑twenties incrementals in the second half, and maintains a free cash flow conversion target of ~90–95%. They now expect a tariff headwind of about $100M (up from $80M), plan roughly $130M of CapEx for the year (up ~40%) after spending nearly $60M in 1H, and reiterate strong liquidity and balance sheet flexibility with $256M cash, $600M revolver availability and net leverage of ~1.2x.nVent Electric Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.83B | 3.89B | 3.01B | 2.67B | 2.30B | 2.46B |
| Gross Profit | 1.79B | 1.47B | 1.21B | 1.08B | 822.90M | 941.90M |
| EBITDA | 1.07B | 832.80M | 681.20M | 567.90M | 453.90M | 461.40M |
| Net Income | 596.60M | 710.20M | 331.80M | 567.10M | 399.80M | 272.90M |
Balance Sheet | ||||||
| Total Assets | 7.15B | 6.85B | 6.73B | 6.16B | 4.90B | 4.67B |
| Cash, Cash Equivalents and Short-Term Investments | 256.00M | 237.50M | 131.20M | 185.10M | 297.50M | 49.50M |
| Total Debt | 1.63B | 1.71B | 2.27B | 1.89B | 1.16B | 1.08B |
| Total Liabilities | 3.16B | 3.12B | 3.50B | 3.02B | 2.17B | 2.18B |
| Stockholders Equity | 3.99B | 3.73B | 3.24B | 3.14B | 2.73B | 2.50B |
Cash Flow | ||||||
| Free Cash Flow | 577.70M | 371.90M | 569.10M | 462.50M | 348.70M | 333.80M |
| Operating Cash Flow | 690.60M | 465.20M | 643.10M | 528.10M | 394.60M | 373.30M |
| Investing Cash Flow | -111.70M | 520.80M | -758.40M | -1.16B | -52.50M | -274.00M |
| Financing Cash Flow | -450.90M | -968.40M | 146.20M | 516.70M | -82.10M | -166.80M |
nVent Electric Technical Analysis
Positive
151.48
Price Trends
159.81
Positive
160.81
Positive
141.98
Positive
Market Momentum
3.08
Negative
55.69
Neutral
46.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVT, the sentiment is Positive. The current price of 151.48 is below the 20-day moving average (MA) of 161.04, below the 50-day MA of 159.81, and above the 200-day MA of 141.98, indicating a bullish trend. The MACD of 3.08 indicates Negative momentum. The RSI at 55.69 is Neutral, neither overbought nor oversold. The STOCH value of 46.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NVT.
nVent Electric Risk Analysis
nVent Electric disclosed 37 risk factors in its most recent earnings report. nVent Electric reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
nVent Electric Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $25.05B | 27.97 | 23.65% | 1.20% | 10.61% | 9.52% | |
76 Outperform | $166.88B | 43.58 | 19.56% | 1.01% | 15.53% | -1.21% | |
74 Outperform | $6.99B | 36.56 | 27.51% | 0.19% | 7.04% | 8.18% | |
74 Outperform | $93.47B | 53.71 | 42.11% | 0.10% | 26.23% | 111.00% | |
73 Outperform | $27.10B | 45.37 | 15.76% | 0.50% | 46.19% | 3.13% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $3.20B | -19.60 | -12.14% | 1.39% | 1.63% | -253.37% |
* Industrials Sector Average
NVT
nVent Electric
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68.59
69.40%
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nVent Electric Corporate Events
M&A TransactionsPrivate Placements and Financing
nVent Electric Completes Senior Notes Offering for Acquisition
Positive
Sep 29, 2026
On September 29, 2026, nVent Electric plc and its subsidiaries Hoffman Schroff Holdings and nVent Finance completed a public offering of $800 million in 6.150% senior notes due 2036, fully and unconditionally guaranteed by nVent Electric and nVent...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
nVent Electric Arranges Term Loan to Fund Acquisition
Positive
Sep 17, 2026
On August 21, 2026, nVent agreed for its subsidiary Hoffman to acquire Maverick Power, LLC for $1.75 billion, and on September 17, 2026 it arranged a $600 million senior unsecured term loan facility to fund part of the purchase and related costs. ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
nVent Electric Announces $800 Million Senior Notes Offering
Positive
Sep 16, 2026
On September 15, 2026, nVent Electric plc, together with Hoffman Schroff Holdings, Inc. and nVent Finance S.à r.l., entered into an underwriting agreement with a syndicate led by BofA Securities, Citigroup and J.P. Morgan for a public debt of...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
nVent Electric to Acquire Maverick Power, Boosting Scale
Neutral
Sep 15, 2026
On August 21, 2026, nVent’s Hoffman Schroff unit agreed to acquire Maverick Power for $1.75 billion, plus up to $550 million in contingent cash consideration tied to performance metrics in 2027 and 2028. The deal, targeting a leading data ce...
Business Operations and StrategyExecutive/Board Changes
nVent Electric Maintains Finance Leadership Continuity After Reversal
Positive
Aug 18, 2026
nVent Electric plc announced a change in its executive plans after Senior Vice President and Chief Accounting Officer Randolph A. Wacker reversed his previously disclosed decision to retire on September 1, 2026. On August 14, the Board of Director...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.