On July 23, Vertiv Holdings LLC rose 3.3% in regular trading, trading at $310.51/share, with turnover of $106 million. The stock gained momentum from a recent strategic acquisition and approaching quarterly earnings.

On the news front, the company recently announced the acquisition of Strategic Thermal Labs, a Texas-based thermal engineering firm specializing in direct chip-level liquid cooling technology and high-performance cold plate solutions for data centers, high-performance computing, and AI infrastructure. The deal price was not disclosed. This acquisition strengthens Vertiv's liquid cooling product portfolio and reinforces its competitive position in AI computing thermal management.

Additionally, the company announced plans to expand manufacturing and testing capacity for data center cooling systems at its Tognana, Italy facility, aiming to double chiller production by year-end. A new Malaysia plant opened earlier this month is expected to be fully operational by next year. With Q2 earnings scheduled for July 29 and consensus EPS estimated at $1.43 versus $1.17 last quarter, the approaching report further supports bullish sentiment.

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