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Thesis
Over the past year, the price of nVent Electric plc (NYSE:NVT) rose by more than 78%, making it a capital gains hero. The company has been an aggressive growth stock since it became independent and publicly traded
nVent Electric: Steady Growth Anticipated, But At A Slower Pace
Summary
- nVent Electric plc has experienced significant share price growth over the past year and is expected to continue growing, albeit at a slower pace.
- The company operates in the electrical connection and protection solutions industry, with a diverse range of products and a global presence.
- It has strong margins, steady revenue growth, and a solid business strategy, making it a promising investment with a projected 6.29% share price increase.
Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Airdrie, Alberta, Canada, Robert has earned Bachelor of Arts and Master of Business Administration (MBA) degrees.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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