Roth Capital raised the firm’s price target on nVent Electric (NVT) to $130 from $115 and keeps a Buy rating on the shares. The company delivered a Q3 beat and raised 2025 guidance for the third consecutive quarter, with organic orders seen as “notably strong” – up about 65% y/y with the backlog up strong double digits q/q, the analyst tells investors in a research note. nVent is also doubling liquid cooling capacity to keep up with demand, and Roth sees the strong order momentum supporting a higher growth outlook.
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