Trading $ETN to above $200
Management also raised its organic growth guide for Electrical Americas on sustained strength of end market demand. Data centers (~14% of total revenues) remain a bright spot, and the company upgraded its expectations for Utility (~10%) and Residential (~8%) end markets.
Eaton has a large number of “mega-projects,” with a decent track record of winning. The influx of stimulus driving electrification and reshoring, Eaton is on the medium-term growth runway.
Eaton has a large number of “mega-projects,” with a decent track record of winning. The influx of stimulus driving electrification and reshoring, Eaton is on the medium-term growth runway.
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