A leading Barclays analyst raised the firm’s price target to $200 and reiterated an overweight rating, triggering an 8% gain on Friday’s open. The move was accompanied by a large opening gap and trading volume well above the 30-day average, signaling strong support from institutional buyers. Market data showed that block trades accounted for over 20% of the session’s volume, reflecting renewed confidence in the company’s growth trajectory.

In its latest SEC filing, Generali Asset Management SPA SGR disclosed an additional 3,874 shares acquired during the third quarter, bringing its total holdings to 14,130 shares. At the time of filing, that stake carried a reported value of approximately $2.13 million, marking a significant increase from the prior quarter. This strategic addition highlights growing interest from European asset managers in digital infrastructure plays with recurring revenue streams.

The company delivered third-quarter earnings of $1.24 per share on $2.68 billion in revenue, outperforming consensus estimates by 25% and 3% respectively. Year-over-year revenue increased 29%, driven by double-digit growth across thermal management and power distribution segments. Management raised full-year guidance to a range of 4.07–4.13 EPS and announced a quarterly dividend increase to $0.0625 per share, representing a 56% uplift from the prior payout and underscoring commitment to returning capital as free cash flow improves.