Eaton Corporation plc

Power management is Eaton's whole business now, after a history that began in 1911 making truck axles. The company sells the electrical equipment that moves, controls and protects power: circuit breakers, switchgear, transformers, backup systems and the components that keep data centers, factories, utilities and buildings running. Demand from AI data centers, electrification and grid upgrades has turned what was once a sleepy industrial name into a growth story, since every server hall and EV charger needs Eaton-style gear behind it. It also runs aerospace and vehicle segments, hydraulics and fuel systems among them. Eaton is incorporated in Ireland for tax reasons following its 2012 purchase of Cooper Industries, though operations are run from Ohio. The stock tends to track industrial capital spending and the build-out of electrical infrastructure.

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