Name of opportunity: 👀
Eaton Corporation PLC
The report is out: 🧾
Rivian’s Q3 earnings report, released on 1 November, included lots of details that investors were excited to hear. For one, the adjusted EPS of $2.84 is an all-time record for the power management company, as well as a 15% increase year on year.
Eaton also raised its overall guidance for the whole year, with management now indicating that they expect to see 8%-9% organic growth in 2024.
How hot is this investment opportunity? 🔥🔥🔥
Check out Eaton’s page in our investment app, and you will see that analysts predict the stock might increase from $333.99 to $343.93 in the next 12 months. If you invested $1000, you might profit $27.36.
One reason why Eaton might continue to do well is its success with data centres - this quarter, sales were up 35% and orders were up 55%. As demand for AI technology grows, companies are depending on data centres more and more, whether they build their own or purchase cloud computing solutions that are based at a third party’s data centre. New or expanding data centres might choose Eaton for power management support to ensure that they are powered safely and efficiently.
Eaton has also shown strong growth in China in the most recent quarter, showing that the company has potential to grow further in international markets, beyond America.
Power management for lots of industries: 🔌
Eaton Corporation plc is a power management company. The company’s segments include Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility. Eaton’s technology supports factories, hospitals, and other kinds of organisations in powering themselves. The company is based in Ohio, US and has a presence in 175 countries.
Which neme?: 🔍
‘US Election: Impacted Stocks’ (Analysts think this one might be worth more in time with a Harris win)
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