RBC Capital Maintains Outperform on WESCO International, Raises Price Target to $430

Shares of data center infrastructure-related companies are trading higher after Google and Constellation energy announced a 20-year partnership to bring 890 MW of nuclear power online, which helps underpin strong demand for future compute buildout. Also, Baird initiating coverage of Modine Manufacturing with an Outperform rating and a $300 price target further supports the sector.

Arrow Electronics (ARW) Moves 4.5% Higher: Will This Strength Last?

Arrow Electronics (ARW) shares rose 4.5% to $242.01 on strong volume, driven by broad-based customer demand, robust backlog, and improving book-to-bill trends. The company is expected to report quarterly earnings of $4.98 per share (+106.6% YoY) and revenues of $9.92 billion (+28.7% YoY). However, unchanged earnings estimate revisions over the past 30 days suggest caution about sustained momentum. ARW holds a Zacks Rank #1 (Strong Buy), while peer Wesco International (WCC) also gained 2.8%.

8-K filing — WESCO INTERNATIONAL INC (WCC)

Filed: 2026-09-21 AccNo: 0001193125-26-396005 Size: 2 MB Item 1.01: Entry into a Material Definitive Agreement Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 9.01: Financial Statements and Exhibits

Shares of data center infrastructure-related companies are trading lower after AI executives from firms including Anthropic, OpenAI and SpaceXAI signaled that the industry's growth may have to be slowed, which may lead to curtailed demand for providers of electrical equipment and services, HVAC systems, and power generation capacity.