Eaton (ETN) announced it has signed an agreement to acquire Resilient Power Systems, a North American developer and manufacturer of innovative energy solutions, including solid-state transformer-based technology. The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ETN:
- Eaton, Nvidia collaborate on power infrastructure in artificial intelligence
- Eaton price target raised to $420 from $351 at Citi
- Eaton price target raised to $396 from $355 at Bernstein
- Eaton price target raised to $340 from $323 at Barclays
- Eaton price target raised to $360 from $310 at Wells Fargo