On July 21, Vertiv Holdings rose 3.14% in pre-market trading, trading at approximately $300.04/share, with turnover of $46.43 thousand.
On the news front, the company announced its acquisition of Strategic Thermal Labs (STL), a Texas-based thermal engineering firm specializing in advanced liquid cooling solutions. The acquisition price was not disclosed. STL focuses on direct-to-chip liquid cooling technology, including the design and development of high-performance cold plate solutions, with deep expertise in chip-level thermal management across data centers, high-performance computing, and AI infrastructure.
The acquisition strengthens Vertiv's positioning in the rapidly growing AI cooling segment, where rising power densities from next-generation accelerators are driving demand for liquid cooling architectures. Notably, Vertiv is scheduled to report quarterly earnings on July 29, with consensus EPS estimates at $1.43.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)