nVent Stock Surges 11% to $158.81 on 26%-28% 2026 Sales Forecast, AI Data Center Boom
nVent Electric's shares rocketed 11.13% to $158.81 intraday after Q1 earnings revealed record sales, a backlog into 2027, and raised 2026 guidance to 26%-28% sales growth and $4.45-$4.55 adjusted EPS, fueled by AI data center demand for liquid cooling and power distribution. Initial reports highlighted a 21%-23% organic sales outlook lift from 10%-13% and EPS raise from $4.00-$4.15, driving the stock to an all-time high amid sector-wide AI infrastructure enthusiasm seen at peers like GE Vernova. Despite copper costs and tariff headwinds, management expects offsets via pricing and productivity, bolstering investor confidence.