Billionaire Lee Cooperman’s Top 15 Long-Term Stock Picks

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2. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Holders: 91 

Omega Advisors’ Stake: $208.9 million

Vertiv Holdings Co (NYSE:VRT) designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. The first thing that makes this company stand out and worthy of investment is its financial growth, as illustrated in its report for the third quarter of 2024. For instance, the reported operating cash flow was $375 million and adjusted free cash flow was $336 million in the third quarter of 2024. In addition, the third quarter of 2024 operating profit of $372 million increased $121 million, or 48%, and the adjusted operating profit of $417 million increased $121 million, or 41%, compared to the third quarter of 2023. This exceptional performance was driven by demand for critical digital infrastructure products and services. Secondly, the company announced expansion of its North American manufacturing operations with a new facility in Pelzer, South Carolina. The Vertiv Pelzer facility adds 215,000 square feet of manufacturing space and is projected to create up to 300 additional skilled job opportunities at this location. Lastly, the recent technological partnership of Vertiv with Ballard Power Systems can be of interest for investors as this alliance aims to develop hydrogen-powered fuel cell solutions for backup power applications in data centers.

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