Vertiv Holdings Co Stock News

Along with the rise of artificial intelligence has been the growth in data centers.

COLUMBUS, Ohio--(BUSINESS WIRE)--Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced a major expansion of its North American manufacturing operations with a new facility in Pelzer, South Carolina. The Vertiv Pelzer facility adds 215,000 square feet (about 20,000 square meters) of manufacturing space and is projected to create up to ...

Vertiv stock now sits in a cup base as it approaches its all-time high of 109.27.

The need for data center services has been on the rise as demand for artificial intelligence (AI) products soars. One of the biggest costs associated with data center infrastructure is related to energy consumption.

COLUMBUS, Ohio--(BUSINESS WIRE)--Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, has named Frank Poncheri as the new Chief Human Resources Officer (CHRO), reporting to CEO Giordano (Gio) Albertazzi. He will lead HR strategy, development and execution, further reinforcing Vertiv's strategic priorities and behaviors. Poncheri has more than 15 yea...

COLUMBUS, Ohio--(BUSINESS WIRE)--Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of the company's Class A common stock. The cash dividend will be payable on September 26, 2024, to shareholders of record of Class A common stock at the close of ...

Vertiv, a former Emerson subsidiary, successfully transitioned from a turnaround to a growth story driven by high demand for data center infrastructure and AI applications. Operating leverage on pricing power and cost dilution may drive EBITDA margins to 23% by 2026 vs. 17% in 2023. Cash earnings may grow at over 30% a year with an FCF of US$1.3bn by 2026.

As artificial intelligence (AI) accelerates the need for advanced data center infrastructure, liquid cooling is emerging as a critical technology.