ETN

Eaton Corporation plc

research_scan theme='energy-grid'; value_chain_position='picks-and-shovels'; Electrical component and switchgear franchise selling into every AI-cluster interconnect and every transformer install; recurring service revenue on the installed base is the durable Layer-2/Layer-3 rent. Data-center-grade transformers and switchgear consume the same GOES-steel and copper the CLF-Butler-Works chokepoint constrains upstream.