2024-06-12 18:50:54 ET
Summary
- The company's sales should continue to grow as demand remains healthy in most of the verticals.
- Margins prospects also look good due to positive pricing and expected volume growth in the coming quarters.
- The growth strategy focused on new products, global expansion, and acquisitions should continue driving revenue in the long term.
- The stock is currently trading slightly above its historical average, but is still a good buy considering the growth prospects.
The Thesis
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nVent Electric: Growth To Continue Further In 2024