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Fiscal Spend '25: Data Centers
12 tickers · $843.74B total market cap
Group: Fiscal Spend
Massive fiscal-driven infrastructure and reshoring spend is accelerating U.S. data center buildouts, driving demand for power systems, energy storage, smart controls, metals, and testing. Q2/Q3 earnings showed execution uneven but secular tailwinds intact.
Fiscal Spend '25: Data Centers tracks 12 publicly listed stocks in this theme: 0100.HK, AYI, CAT, CENER.AT, CENX, ENR.XETRA, EOSE, FLNC, NPKI, RR.LSE, SEI, VIAV. See the constituent table for details.
Thesis update: 2025-10-03
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Caterpillar Inc.CAT | 04/30/2026 (BMO) | 04/30/2026 (BMO) | 2.19% | 9.83% | 23.23% | -3.32% | $400.22B | 8.3333 |
Minimax-wp0100.HK | 03/02/2026 (BMO) | — | 0.00% | — | -27.91% | — | $232.87B | 8.3333 |
Siemens Energy AGENR.XETRA | 05/12/2026 (AMC) | 05/12/2026 (AMC) | -0.73% | -1.31% | 3.37% | -5.83% | $166.46B | 8.3333 |
Viavi Solutions Inc.VIAV | 04/29/2026 (AMC) | 04/29/2026 (AMC) | 16.31% | 21.38% | 86.14% | -5.95% | $11.40B | 8.3333 |
Acuity Brands, Inc.AYI | 04/02/2026 (BMO) | 04/02/2026 (BMO) | -11.96% | -7.52% | -11.85% | 2.51% | $8.34B | 8.3333 |
Cenergy Holdings SACENER.AT | 03/05/2025 | — | 0.79% | — | 173.08% | — | $5.79B | 8.3333 |
Century Aluminum CompanyCENX | 05/07/2026 (AMC) | 05/07/2026 (AMC) | 0.27% | -5.92% | 15.08% | -0.80% | $5.78B | 8.3333 |
Solaris Energy Infrastructure, Inc.SEI | 04/27/2026 (AMC) | 04/27/2026 (AMC) | -4.68% | 2.80% | 38.60% | -2.69% | $5.20B | 8.3333 |
Fluence Energy, Inc.FLNC | 05/06/2026 (AMC) | 05/06/2026 (AMC) | -32.94% | 49.49% | -30.25% | -5.59% | $3.29B | 8.3333 |
Eos Energy Enterprises, Inc.EOSE | 05/13/2026 (AMC) | 05/13/2026 (AMC) | -15.50% | 0.86% | 45.39% | -15.79% | $1.79B | 8.3333 |
Rolls-Royce Holdings plcRR.LSE | 02/26/2026 (AMC) | — | -1.43% | — | -13.00% | — | $1.30B | 8.3333 |
NPK International Inc.NPKI | 04/30/2026 | 04/30/2026 | 0.91% | -0.51% | 13.31% | -1.80% | $1.29B | 8.3333 |
| Average | -3.90% | 7.68% | 26.27% | -4.36% | $70.31B | 8.3333 | ||
| Median | -0.36% | 0.86% | 14.19% | -3.32% | $5.78B | 8.3333 | ||
| Std Dev | 11.49% | 16.91% | 54.47% | 4.80% | $123.52B | 0.0% | ||
| Min | -32.94% | -7.52% | -30.25% | -15.79% | $1.29B | 8.3333 | ||
| Max | 16.31% | 49.49% | 173.08% | 2.51% | $400.22B | 8.3333 | ||
| % Positive Tickers | 41.67% | 55.56% | 66.67% | 11.11% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.