
Hubbell: An Unexpected AI Beneficiary, But Shares Look Fully Valued
Hubbell delivered robust Q4 and FY2025 results, driven by surging data center revenue and grid upgrade demand. Data center tailwinds and grid interconnection opportunities are offsetting industrial market weakness, supporting high ROIC (~19%) and FCF margin (~15%). HUBB's bolt-on M&A strategy enhances product breadth and margins, but R&D spending remains modest at 1–2% of revenue.

















