NVT
nVent Electric plc

nVent Electric plcNVT

Industrials · Electrical Equipment & Parts
106.22USD
+7.97%
Nov 08, 2026
NVT overview ready
Supplier of electrical and cooling infrastructure for AI data centers
NVent supplies the physical electrical connection, protection, enclosure, switchgear, bus-system, power-distribution and selected cooling/control-building infrastructure required to deploy and operate high-density data-center capacity.
Primary theme is lagging
Power / Grid is lagging (-16.9pp vs SPY over 21 sessions; 8 of 32 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Unremarkable fundamentals
Primary risk
Exposure to capital expenditure cycles in data centers.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 4

Conviction Level

PriceAction1.4BusinessPerformance5.0BusinessQuality7.7Valuation7.7ThemeMomentum1.0Mixed — Revenue is still growing (+44% YoY), but growth has slowed for 2 consecutive quarters, down from +54%. Diluted EPS is up 66% year over year at $1.23. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−16.9pp
Theme return
−21.9%
Beating SPY
8 of 32
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$17.2B
Avg Volume (60D)
2.6M
60 sessions
Revenue Growth YoY
+29.5%
FY2025 vs FY2024
Gross Margin
+36.6%
Trailing twelve months
Operating Margin
+17.8%
Trailing twelve months
Free Cash Flow Yield
+3.7%
Distance from 200DMA
-26.5%
P/E
25.3x
EV / Sales
3.4x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue is still growing (+44% YoY), but growth has slowed for 2 consecutive quarters, down from +54%. Diluted EPS is up 66% year over year at $1.23.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthSlowing
+44%
$1.51B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +42%
  2. +54%
  3. +53%
  4. +44%
Earnings growthGrowing
+66%
Diluted EPS $1.23 vs $0.74 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. -60%
  3. +97%
  4. +66%
Operating marginExpanding
18.6%
+2.9 pp YoY · gross margin 35.8% (-1.6 pp)

Business Quality

7.7 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads cheap.
nVent Electric plc has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

What changed

  • Price structure deteriorated
    NVT: behavior moved from constructive pullback to distribution.
    2026-10-15

Company Research

Thesis
NVent supplies the physical electrical connection, protection, enclosure, switchgear, bus-system, power-distribution and selected cooling/control-building infrastructure required to deploy and operate high-density data-center capacity. NVT is a substantive but unlisted participant in the active AI data-center power-and-thermal theme.
Opportunity
High opportunity
Hyperscaler and colocation capital spending on high-density AI data-center electrical and liquid-cooling infrastructure.
Key risk
Exposure to capital expenditure cycles in data centers.

Economic classification

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Business & Markets

Industrials · Electrical Equipment & Parts
What they do

NVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection solutions globally, operating through two segments: Systems Protection and Electrical Connections.

How it earns

The company generates revenue primarily through transactional sales of electrical equipment and related installation and service projects.

Products & services
Electrical connection solutions
Systems protection solutions
Bus systems
Cable management
Control buildings
Liquid and air-cooling systems
Customers & end markets
Data centers
Hyperscalers
Colocation providers
Industrial and commercial infrastructure
Market position

NVent is a leading supplier of electrical connection, protection, and enclosure solutions for mission-critical applications including data centers.

Demand drivers
Medium cyclicality

Demand is influenced by capital expenditure cycles in data centers and industrial infrastructure, which can fluctuate with broader economic conditions.