Bernstein says construction has replaced power supply as the primary constraint on data-centre deployment, boosting the importance of modular construction. Bernstein identifies Schneider, Vertiv and Eaton as the integrated-equipment vendors with the clearest exposure to the modular trend; all are rated Outperform with PTs of €350, $368 and $534 respectively.

2026-09-15

Bernstein says construction has replaced power supply as the primary constraint on data-centre deployment, boosting the importance of modular construction. Bernstein identifies Schneider, Vertiv and Eaton as the integrated-equipment vendors with the clearest exposure to the modular trend; all are rated Outperform with PTs of €350, $368 and $534 respectively.