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SBGSY - nVent Leveraging Improving Demand And Driving Better Margins
Schneider Electric SE ADR
nVent has benefited from improving electrical markets like I expected, but has done an even better job on revenue growth and margins.
Industrial electrification demand should drive above-trend growth for several years, augmented by opportunities in data centers, utility grids, and commercial buildings.
nVent still offers a little more upside than the average industrial stock, but it's not as attractive as it was six months ago.