Eaton Corporation Plc (ETN) has won over 12% in the past month. Here’s the reason

Eaton Corporation Plc (NYSE:ETN) in 13 Best Global Stocks to Buy Now. Our stock rose 12.50% over the past month at the closing of July 22nd due to recent developments that fueled investor sentiment.

Stock market data showing upward trajectories. Photo Pexels Weekender by Photography

On July 16, the company announced that it had signed an agreement to acquire Resilient Power Systems Inc., a developer and manufacturer of innovative energy solutions, including solid-state transformer-based technologies. The transaction is set to close in the third quarter of the year, and is expected to increase exposure to the Eaton Corporation PLC (NYSE:ETN) to the rapidly growing market.

Intelligent Power Management Company recently announced a collaboration with NVIDIA to enable AI data centers to migrate to HVDC power infrastructure. This partnership focuses on best practices, innovative power management solutions, and designing reference architectures suitable for high density GPU deployments.

Investor sentiment was strengthened by an analyst rating update in July when major companies such as Wells Fargo, Goldman Sachs, Barclays and Citigroup raised Eaton Corporation PLC (NYSE: ETN) price targets. Overall, Wall Street analysts maintain a positive outlook for their equity with a consensus purchase rating.

Although we acknowledge the potential of ETN as an investment, we believe certain AI stocks offer greater promotion potential and pose a risk of decline. If you’re looking for a highly undervalued AI stock that can make a significant profit from the tariff and supervision trends of the Trump era, check out our free report. Best Short-Term AI Stocks.

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