Vertiv Holdings supplies power and cooling systems for data centers worldwide and is considered a silent beneficiary of the AI boom. The stock has increased by more than 160 percent in the past twelve months.
• Stock with more than 160 percent price increase in twelve months, all-time high in May 2026 at $379.94
• Addition to the S&P 500 in March 2026 and increase organic growth targets to 20 to 22 percent annually by the end of the decade
• Order backlog more than doubled to $15 billion after Q4 2025, organic order intake in the quarter up 252 percent
Why Vertiv shares have performed so strongly
Vertiv Holdings Co provides the critical infrastructure without which no AI data center can operate: power systems, thermal management and liquid cooling. The company benefits directly from the fact that hyperscalers and colocation operators worldwide are investing heavily in new data center capacities. Every new data center must be planned and built before the first chip is running. Vertiv is at the beginning of this supply chain. The share has acknowledged this special position with a price increase of more than 160 percent in the past twelve months and reached an all-time high of $379.94 on May 14, 2026. In March 2026, the stock was also added to the S&P 500, which further increased institutional buying interest. In addition to the operational development, the increase was driven primarily by the order book: After the fourth quarter of 2025, Vertiv reported an organic order intake of 252 percent compared to the same quarter of the previous year. The total order backlog doubled to $15 billion, which the company says will provide security for years to come. NVIDIA CEO Jensen Huang had also publicly highlighted the Vertiv partnership as a solution to the power requirements of newer processors, solidifying Vertiv’s perception as a key infrastructure provider in the AI ecosystem.
Q1 2026 and annual forecast: operational foundation of the rally
The price development has an operational basis. In the first quarter of 2026, net sales increased by 30 percent to $2.65 billion compared to the same quarter last year, and adjusted earnings per share increased by 83 percent to $1.17, significantly exceeding analyst expectations, as Vertiv announced in its quarterly statement on April 22, 2026. The North and South America business recorded the strongest growth with an organic sales increase of 44 percent. For full-year 2026, Vertiv expects net sales of $13.5 billion to $14.0 billion and adjusted earnings per share of $6.30 to $6.40.
Investor conference: Long-term goals significantly raised
At its investor conference on May 19 and 20, 2026 in Greenville, South Carolina, Vertiv significantly increased its long-term forecasts. Annual organic sales growth by the end of the decade was increased to 20 to 22 percent, compared to previously forecast 12 to 14 percent. The adjusted operating margin is expected to increase to at least 27 percent by 2030. The background is the technological change in modern data centers: Since the power density per rack can increase to up to 400 kilowatts, conventional air cooling is increasingly being replaced by liquid cooling, an area in which Vertiv is positioned as a full-service provider. Analysts reacted predominantly positively to the new targets. Loop Capital started the observation with a buy recommendation and a price target of $500; Royal Bank of Canada raised the price target to $435, Banc of America to $440. The valuation remains challenging: the price-earnings ratio is well above the industry average, which means that further price developments depend heavily on whether Vertiv can also deliver the increased expectations in the coming quarters.
Jonas Vogt, Markus Maier, editorial team finanzen.net
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