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Why Eaton Shares Were on the Rise Today

TheMotleyFool

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Why Eaton Shares Were on the Rise Today: https://g.foolcdn.com/editorial/images/753122/copper-power-cable.jpg

Shares of industrial giant Eaton (NYSE: ETN) were on the rise Tuesday, up as much as 4.7% before settling into a 3.5% gain as of 12:25 p.m. ET.

Ireland-based Eaton is a diversified industrial giant, but extremely well positioned for the clean infrastructure build-out in the U.S. While it has a broad portfolio, the company's concentration in electrical components, systems, enclosures, and conduit and other products makes it a prime beneficiary of the clean energy transition and the move away from gas-powered to electrified vehicles.

This morning, the company reported a beat on revenue and earnings, while also raising its full-year guidance.

Source Fool.com

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