nVent Leases 160K Sq Ft Site for Liquid Cooling, Third Expansion in Three Years
NVT sits 99% above its 52-week low of $78.03 on elevated volume (1.9× avg).
Summary
nVent is leasing a 160,000-square-foot facility in Blaine, Minnesota to expand data center liquid cooling manufacturing, with production starting in H1 2027 and over 200 new jobs. This is the company's third such expansion in three years, adding more than 400,000 square feet of capacity to meet surging demand from AI and high-performance computing. The move signals strong customer demand and positions nVent to capture growth in the liquid cooling market, where it has deployed over two gigawatts of cooling and works with major chipmakers and hyperscalers. The expansion follows a new $3B share buyback program announced in May, underscoring management's confidence in the business trajectory.
At the time of this announcement, NVT was trading at $154.93 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $23.4B. The 52-week trading range was $78.03 to $184.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.