Eaton Adds European Power Capacity as Data Center Demand Keeps Rising
Eaton Data Center Deal adds COL Group’s European power capacity in an 810 million euro transaction valued at about 3.2x 2027 sales.
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Wells Fargo Initiates Coverage On Eaton Corp with Overweight Rating, Announces Price Target of $503
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Eaton To Acquire COL Group From Oaktree At An EV Of €810M To Expand Manufacturing Capacity And Capabilities For Data Center And Utility Markets In The EMEA Region
The acquisition will expand Eaton's European power distribution capabilities and manufacturing footprint, enhancing its ability to support growing customer demand across data center and utility markets."COL
Eaton (ETN) Stock Moves 1.82%: What You Should Know
Eaton (ETN) closed up 1.82% and has gained 6.55% recently, outperforming its sector. The power management company is expected to report earnings of $3.53 per share (up 14.98% YoY) and revenue of $8.41 billion (up 20.34% YoY). However, with a Forward P/E of 32.15 versus the industry average of 24.19 and a PEG ratio of 2.64 compared to the industry average of 1.65, ETN trades at a premium valuation. The stock holds a Zacks Rank of #3 (Hold).