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nVent Electric reports 44% revenue jump in Q3 2026, raises growth guidance and price target

Company Fundamentals
03 Nov 2026, 20:38 WIB
Seeking Alpha
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Bullish
nVent Electric reports 44% revenue jump in Q3 2026, raises growth guidance and price target

nVent Electric plc posted a strong Q3 2026 with revenue of $1.515 billion, up 44% year-over-year, driven by organic growth and the $1.75 billion acquisition of Maverick Power. The company raised its organic revenue growth guidance to 39%, reflecting confidence in its expanding business. Analyst maintains a Buy rating and raised the price target to $263 per share, citing improved earnings outlook and acquisition benefits. This signals positive momentum for nVent's future performance and investor returns.

nVent Electric shares trade at USD 130.40 on Pluang as of Nov 04, 2026 01:51 WIB, up 5.42% in one day. The stock's market cap stands at $19.99 billion, with a 52-week high of $184.34. Investors typically hold nVent Electric shares for about 21 days on the platform.

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