NVT: Wolfe Global Transportation & Industrials Conference Abridged Transcript

研报英文原文证据摘录

NVT: Wolfe Global Transportation & Industrials Conference Abridged Transcript

Electrical Equipment & Multi-Industry

Multi-Industry - Market Weight

NVENT ELECTRIC PLC (NVT) May 19, 2026

NVT: Wolfe Global Transportation & Industrials Rating:

Conference Abridged Transcript Outperform

Price:

$160.69

The Wolfe Byte Price Target:

NVT: Wolfe Global Transportation & Industrials Conference Abridged Transcript $177

% Upside:

10.0%

PLEASE REFER TO THE DISCLOSURE SECTION LOCATED AT THE END View NVT Model

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Company Information

Conference Attendees – Gary Corona, CFO and Tony Riter, VP Investor 52-Week Range $64 - $174

Relations Market Cap. (MM) $25,987

Enterprise Value (MM) $27,861

161.7 Out. (MM) ●Confidence in Sustainability of Growth: Growing NVT’s exposure to the Shares Avg. Value Traded (MM) $316.61

infrastructure vertical has given the company more long cycle exposure. NVT’s SI% of Float 1.6%

$2.6bn backlog exiting 1Q26 gives it nice visibility over the next 12 months.

180 Management believes a lot of its verticals have nice long term growth exposure;

power utilities is seen as a multi-decade growth exposure, while the data center 160

vertical continues to see upwards revisions. NVT’s DC business is ~80% white 140

space, and this is seen as long term growth from both new DC construction as 120

well as technology turnover inside existing sites. 100 80

●Blaine Facility Ramp and New Modular DC Portfolio: The company’s Blaine, 60

Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 MN facility cut the ribbon a few weeks ago but was producing product in NVT

1Q. This site will continue to ramp during the year and is expected to double Source: FactSet

NVT’s liquid cooling capacity.