I rate nVent Electric a Buy with a $221 price target, reflecting a 35.4% upside from the current price of $162.86. My main growth drivers are higher content per data center megawatt, EPG-driven engineered systems pull-through, power utility infrastructure demand, and margin expansion from scale and mix. I believe these growth drivers support my view that adjusted EPS can move from $4.50 to a 2028 adjusted EPS estimate of $6.20.