Data Center Rush Spurs Earnings Windfall for Power-Gear Makers

Electrical equipment manufacturers are racing to meet demand for the crucial parts that connect data centers to power. For the few companies cornering that market, that’s meant record orders and bloated backlogs.

Vertiv Holdings Co., Eaton Corp. and GE Vernova Inc. all saw orders jump in the final quarter of last year, something they attribute to ballooning data center demand — which isn’t showing any signs of letting up.