Electrical Components & Equipment

Amprius Technologies announced in late September 2026 that it entered into a US$75 million fixed-price Other Transaction Agreement with the U.S. Government for Project acCELLerate, alongside a separate U.S. Department of War IBAS grant, to build secure domestic high-energy density battery production for small unmanned aerial systems. The awards position Amprius to retrofit an existing South Korea-linked EV battery line into a U.S.-compliant facility capable of producing 12 million silicon-anode cells annually for NDAA-compliant defense customers. The company had already lifted its August 2026 guidance to at least US$140 million in full-year revenue with a narrower net loss. Amprius' narrative projects US$415.0 million in revenue and US$53.6 million in earnings by 2029, yielding a US$22.12 fair value, while the most cautious analysts assume about US$362 million of revenue and roughly US$40 million of earnings by 2029. The growing dependence on government-backed drone programs also concentrates risk should procurement cycles shift.

A-share consumer electronics concept stock Huichuangda announced that it plans to acquire 100% equity in Dongguan Chuncao Grinding Technology Co., Ltd., known as Chuncao Technology, through a combination of direct and indirect acquisitions in cash. Upon completion of the transaction, Chuncao Technology will become a wholly-owned subsidiary of Huichuangda and be included in its consolidated financial statements. Huichuangda's main business is the research, development, design, production and sales of light guide structural components and assemblies, and precision key switch structural components and assemblies, with products applied in consumer electronics, automotive electronics, new energy and other fields. Chuncao Technology is a systematic service provider specializing in grinding and polishing intelligent surface treatment equipment, automated production lines and polishing consumables. It has become a qualified supplier to many leading companies in 3C, automotive parts and other fields, with well-known customers including Foxconn, Lens Technology, Luxshare Precision, Biel Crystal, BYD, Jingyan Technology and Gengde Electronics. In the secondary market, Huichuangda's share price has recently fluctuated upward. As of the close on September 30, Huichuangda fell 8.22% on the day to close at 60.97 yuan per share, with a total market value of 10.5 billion yuan.

HuiChuangDa is planning to acquire 100% equity in Dongguan Chuncao Grinding Technology Co., Ltd. by cash, through a combination of direct and indirect acquisitions. Chuncao Technology is a systematic service provider specializing in grinding and polishing intelligent surface treatment equipment, automated production lines, and polishing consumables. Its business has expanded from 3C products to automotive parts, new energy, and other industries, with customers including Foxconn, Lens Technology, Luxshare Precision, Biel Crystal, BYD, Jingyan Technology, and Gengde Electronics. This transaction includes performance commitments, under which the committing party promises that Chuncao Technology's audited net profit attributable to the parent company, excluding non-recurring gains and losses, will be no less than 80 million yuan, 100 million yuan, and 120 million yuan for the three consecutive full accounting years starting from January 1, 2026, namely 2026, 2027, and 2028, with a cumulative total of no less than 300 million yuan. HuiChuangDa's main business is the research, design, production, and sales of light guide structural components and assemblies, as well as precision key switch structural components and assemblies, with products applied in consumer electronics, automotive electronics, new energy, and other fields. The company stated that this transaction will help improve its financial condition and enhance sustainable profitability. If Chuncao Technology successfully fulfills the performance commitments, it is expected to have a positive accretive effect on the company's operating results, helping to break through the limitations of its existing main business and achieve strategic layout in emerging industries.

Eaton announced a major portfolio reshaping that includes acquiring Boyd Thermal and separating its Mobility business, which is planned to be carved out and merged with Dana Incorporated to create a new combined vehicle systems entity. Eaton shareholders are expected to retain a controlling ownership stake in the merged Mobility and Dana business after completion. The Boyd Thermal deal and the Mobility merger with Dana shift Eaton toward electrical and aerospace while reshaping its remaining portfolio. Management still has to integrate Boyd, ramp capacity such as the Schrems expansion and run the complex Mobility merger with Dana without tripping margins, while competitors like Schneider Electric and ABB push hard into data center power and thermal content.

HuiChuangDa (300909) announced that it plans to acquire 100% equity in Dongguan Chuncao Grinding Technology Co., Ltd. through a combination of direct and indirect acquisitions in cash. Chuncao Technology is a systematic service provider specializing in grinding and polishing intelligent surface treatment equipment, automated production lines, and polishing consumables. Its business has expanded from 3C products to automotive parts, new energy, and other industries, with clients including Foxconn, Lens Technology, Luxshare Precision, Biel Crystal, BYD, Jingyan Technology, and Gengde Electronics. This transaction includes performance commitments, under which the committed party promises that Chuncao Technology's audited net profit attributable to the parent company, excluding non-recurring gains and losses, will be no less than 80 million yuan, 100 million yuan, and 120 million yuan for the three consecutive full accounting years starting from January 1, 2026, namely 2026, 2027, and 2028, with a cumulative total of no less than 300 million yuan. HuiChuangDa's main business is the research, design, production, and sales of light guide structural components and assemblies, as well as precision key switch structural components and assemblies, with products applied in consumer electronics, automotive electronics, new energy, and other fields. The company stated that this transaction will help improve its financial condition and enhance sustainable profitability. If Chuncao Technology successfully fulfills its performance commitments, it is expected to have a positive accretive effect on the company's operating results, helping to break through the limitations of its existing main business and achieve strategic layout in emerging industries.

RBC Bearings is seeing persistent strength in its aerospace and defense markets, with revenues from the segment surging 36.9% in the first quarter of fiscal 2027 to $225.4 million, following year-over-year growth of 32.9% in fiscal 2026. Within the segment, commercial aerospace revenues rose 21.8% while defense market revenues climbed 64.6% in the fiscal first quarter, helped by missile and space applications orders and the July 2025 VACCO Industries buyout. The company ended the fiscal first quarter with a backlog of $2.3 billion, which it expects to act as a tailwind for the segment. RBC anticipates net sales of $505-$515 million for second-quarter fiscal 2027, a year-over-year increase of 10.9-13.1%, driven by strength across both its Aerospace & Defense and Industrial segments. Among peers, Howmet Aerospace saw defense aerospace revenues rise 11% year over year in the second quarter, constituting 15% of company revenues, while GE Aerospace's Defense & Propulsion Technologies segment revenues increased 16% year over year to $3.4 billion in second-quarter 2026.

Vertiv Holdings Co. issued third-quarter 2026 guidance calling for net sales of $3.65 billion to $3.85 billion and adjusted earnings of $1.77 to $1.83 per share, with adjusted operating profit projected between $898 million and $938 million and an adjusted operating margin of 24% to 25%. The guidance follows a second quarter of 2026 in which net sales rose 24% year over year, with the Americas and APAC each growing 29%, and adjusted operating margin reached 22.6%, up 410 basis points year over year and above prior guidance. Management raised its full-year 2026 adjusted operating margin guidance to 23.3%-24.3%, citing organic growth, operating leverage and productivity, and said it expects pricing to exceed inflation including current tariffs and countermeasures. Acquisitions contributed 5% of second-quarter 2026 revenues, and Vertiv recently agreed to acquire King Environmental Services, a Europe-based provider of fluid management, commissioning and load-testing services for high-density liquid-cooled data centers, in a transaction expected to close in the fourth quarter of 2026. The Zacks Consensus Estimate for third-quarter 2026 revenues is $3.77 billion, implying growth of 40.79% year over year, while the consensus earnings estimate stands at $1.83 per share, up 0.75% over the past 30 days and implying a year-over-year increase of 47.58%.

Vertiv Holdings Co. is positioned to beat consensus estimates again in its next quarterly report, according to Zacks Investment Research. The company has beaten estimates in each of its last two quarters, with an average surprise of 10.50%. In the most recent quarter, Vertiv reported $1.52 per share against an expected $1.43, a surprise of 6.29%, after posting $1.17 per share versus a $1.02 consensus in the prior quarter, a surprise of 14.71%. Vertiv currently carries a Zacks Earnings ESP of +6.20% and a Zacks Rank #2 (Buy), a combination Zacks research shows produces a positive surprise nearly 70% of the time.

EnerSys announced that its Alpha XM Edge power system received an Honoree Score of 5.0 Diamonds, the highest rating available, in the Active Network Hardware category in Lightwave's 2026 Diamond Technology Reviews. The system is being developed with power-conversion efficiency as its primary design objective, with a design target of up to 96% peak efficiency, subject to final validation, along with planned hot-swappable modules, integrated DOCSIS 3.1 communications and support for standard 60/90 VAC distribution and up to 125V synchronous switched DC. John Hewitt, Vice President, Communications, Americas, EnerSys, said operators have made clear that efficiency is now a much higher priority and that the company is designing the system to reduce conversion losses without compromising reliability. The Alpha XM Edge power system is in active development and is progressing through validation toward phased commercial availability in 2027, subject to successful completion of development, validation, qualification and production-readiness activities. EnerSys plans to preview the system at SCTE TechExpo26, September 29 through October 1, 2026, at the Georgia World Congress Center in Atlanta, Georgia, at booth I1611.

Acuity reported fiscal 2026 fourth-quarter non-GAAP earnings of $5.77 per share, beating estimates by $0.21, on revenue of $1.24 billion, up 2.5 percent year over year and in line with expectations. Adjusted operating profit as a percent of net sales was 18.7 percent in the fourth quarter of fiscal 2026, an increase of 10 basis points compared to the prior year. For the full fiscal year 2026, the company generated $826 million in cash flow from operations.

Acuity Inc. reported fiscal 2026 net sales of $4.6 billion, up 6.8 percent from the prior year, and fourth-quarter net sales of $1.2 billion, up 2.9 percent, for the period ended August 31, 2026. Full-year diluted earnings per share came in at $17.05, up 36.1 percent, while adjusted diluted earnings per share was $19.90, up 10.5 percent; fourth-quarter diluted EPS was $5.63, up 56.0 percent, and adjusted diluted EPS was $5.77, up 11.0 percent. Full-year operating profit rose 26.6 percent to $713.7 million, and adjusted operating profit rose 7.8 percent to $828.7 million. Within the company's two segments, Acuity Brands Lighting generated full-year net sales of $3.6 billion, down 1.0 percent, while Acuity Intelligent Spaces generated $1.1 billion, up 44.8 percent. Acuity generated $825.6 million in net cash from operating activities for the year, repaid $200 million of its term loan, raised its dividend by 18 percent, and repurchased over 940,000 shares for $287.2 million. The company said its reported results are preliminary pending completion of the audit that will accompany its Form 10-K filing.

Vicor, Inogen and Alphabet were among Thursday's biggest stock gainers, while Corteva led decliners. Vicor shares jumped 10% after the company raised its Q3 sequential growth guidance to more than 30% from its previous outlook of more than 20%, reflecting increased royalties from its first non-exclusive license for vertical power delivery technology. Inogen shares surged 8% after the company agreed to divest its U.S. oxygen rental business to Rotech Healthcare for total estimated cash consideration of up to $25M, a deal expected to close in Q4 2026, alongside a long-term supply agreement with Rotech; the rental business generated $24.3M in revenue in 1H 2026, down 9.8% Y/Y, and Inogen increased its share repurchase authorization by $15M to $45M, expiring June 30, 2028. Alphabet shares edged higher 4% after Google provided a first look at Gemini 4 Argon, its latest frontier AI model, which outperformed OpenAI Astra and Anthropic Fable 5.1 and Opus 5.5 in 13 of 19 benchmarks, including a 77.9% score on DeepSWE v1.1, and will cost $2 per million input tokens and $10 per million output tokens when launched. Corteva shares dropped 64% following the planned tax-free separation of its Crop Protection business into an independent publicly traded company, Vylor, a decline reflecting the mechanical price adjustment associated with the distribution rather than a conventional sell-off, with the separation effective October 1.

Nidec announced on the 1st that it will sell its electronic components subsidiary Nidec Components, formerly Copal Electronics, to U.S. investment fund Carlyle Group for 102.9 billion yen. The transfer will take place on December 1. The company said it is currently examining the impact of the sale on its consolidated earnings and will promptly disclose any matters that should be made public going forward.

Vicor Corporation raised its third-quarter 2026 revenue guidance, sending its shares up over 11% in after-hours trading Wednesday. The power component manufacturer increased its third-quarter sequential growth guidance from more than 20% to more than 30%, citing higher royalties from its first non-exclusive license for Vertical Power Delivery technology. The guidance update, announced on September 30, follows Vicor's September 17 announcement that it granted a non-exclusive license to a new AI OEM licensee, allowing that OEM to procure VPD modules covered by Vicor patents from unlicensed suppliers. VPD is an advanced power architecture that mounts current multipliers directly underneath high-performance processors, designed to eliminate power loss and maximize data center efficiency for AI applications. Vicor, headquartered in Andover, Massachusetts, designs and manufactures modular power components and complete power systems used in high-performance computing, industrial, transportation, aerospace and defense applications.

Thales and Landis+Gyr announced a strategic collaboration to deliver secure, scalable cellular connectivity for smart meter deployments across North America. Under the deal, Thales will supply Landis+Gyr with eSIM technology and advanced IoT connectivity management to simplify and secure remote management of smart meter fleets throughout their lifecycle, combined with Simetric's single pane of glass platform for centralized monitoring and control. The solution uses Thales' latest eSIM technology, compliant with the GSMA's SGP.32 specification, allowing network profiles to be provisioned, changed or managed over the air and reducing reliance on physical SIM replacement. Landis+Gyr serves more than 2,000 utilities worldwide and has more than 180 million connected intelligent devices in the field, while North America's installed base of smart electricity meters is expected to grow from 152.4 million in 2024 to 180.9 million by 2030, according to Berg Insight. The capability will become part of Landis+Gyr's Revelo and Surent platforms, and Thales' eSIM subscription management solutions support more than 450 mobile network operators and more than 200 OEMs across consumer and IoT markets.

nVent Electric is positioning its portfolio for the industry's shift toward 800V DC data center systems, a transition management flagged on its second-quarter 2026 earnings call as a potential growth opportunity. Management said the impact centers on higher rack-level heat densities and demand for cooling and power products, with the company's rack power distribution units and some power connection products already designed for higher surge and load capacity, alongside new modular liquid cooling, new PDU capabilities and ERIFLEX flexible bus solutions for medium-voltage applications. nVent expects data-center sales to exceed $2 billion in 2026, more than double the prior year, and has effectively doubled liquid-cooling capacity at its Blaine facility in Minnesota, with a similarly sized Blaine 2 facility expected to open in the first half of 2027. The company expects lower-voltage requirements to remain in use alongside 800V DC, giving it room to adapt products to different power architectures. The Zacks Consensus Estimate for nVent Electric's 2026 revenues is $5.45 billion, up 39.96% year over year, while the consensus for 2026 and 2027 earnings per share implies growth of 53.1% and 24.5%, respectively.

Commonwealth Fusion Systems has signed a landmark long-term supply agreement with Fujikura Ltd. to purchase more than 10,000 km (3 GA-m) of high-temperature superconducting tape, the largest single order of its kind for HTS tape. The tape will be used in the development of CFS' ARC power plants, starting with the first grid-scale plant at the Fall Line Fusion Power Station in Chesterfield County, Virginia. As part of the agreement, Fujikura is investing in expanding its manufacturing capacity to deliver the tape at scale. CFS CEO and co-founder Bob Mumgaard said the partnership shows the company is actively placing orders and preparing to execute its ARC power plant once its SPARC fusion machine achieves Q>1. Fujikura President and CEO Naoki Okada said the deal strengthens Fujikura's position as a key HTS tape supplier for ARC power plants while building a long-term business platform for the 2030s and beyond.

Gotion has launched global delivery for what will be Africa's largest AC-coupled energy storage project, with the first 50 heavy-duty trucks carrying its self-developed Gotion Grid 5MWh storage systems departing simultaneously from its Jinzhai and Nantong facilities on Sept. 28. The shipment came within three months of signing, a pace Gotion attributes to its vertically integrated supply chain and upstream-downstream coordination. The Gotion Grid systems will serve Egypt's Nefertiti and Horus projects, the country's first large-scale standalone storage projects and, once completed, Africa's largest standalone storage facilities. Developed by AMEA Power and built by China Energy Engineering Group, the projects are designed to strengthen grid stability, support solar and wind integration, and advance Egypt's 2030 clean energy goals, with systems upgraded for extreme heat, sandstorms and salt fog and offering high-voltage stability, high safety and millisecond-level response. Hussain Al Nowais, Chairman of AMEA Power, said the shipment opens a new stage of broader cooperation, while Li Chen, Senior Vice President of Gotion and President of Gotion Americas, called Egypt Gotion's key step into the Middle East and North Africa.

Motor maker Nidec said on the 30th that it is considering selling its electronic components subsidiary Nidec Components, formerly Copal Electronics. It is in negotiations with U.S. investment fund Carlyle, and the sale price is expected to exceed 100 billion yen. Nidec is considering recording a large impairment loss after the discovery of accounting irregularities, and the move to sell a major subsidiary is seen as aimed at strengthening its financial base.