NN, Inc. Updates Data Center Business, Significant Increase in Liquid Cooling Product Orders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2026
0mins
NN, Inc. provided an update on its Data Center business. NN's combined Data Center and Electric Grid business is already its second largest business. The Data Center & Electric Grid end markets are top targeted growth markets for the company along with Medical products and Defense and Electronics products. The company said, "NN has secured a significant amount of additional 2026 immediate-supply awards for liquid cooling products that go into NVIDIA AI data center racks. The new awards in this announcement are additive to prior communicated awards and greatly increase the size of NN's liquid cooling product portfolio for AI data center racks. NN is on its way to having 52 dedicated machines to make liquid cooled products for its data center business. 50 machines will be dedicated production lines and an additional 2 machines will be dedicated to making samples for new business. NN has already pre-sold 100% of the production capacity. NN is continuing to prospect globally and is using its global business development team and global machining footprint to prospect for additional business in this fast-growing area. In 2026, NN has attended Data Center tradeshows in the United States, Europe, and China." Harold Bevis, president and CEO of NN, Inc. commented, "The liquid-cooled AI data center market is one of our targeted end markets for growth. We announced the successful launch of a new product line in Q1 2026. It is a custom-designed, stainless-steel product line for the liquid-cooled data center market. Since then, we have secured multiple AI data center awards, have invested in an initial complement of 17 next-generation, high-speed, high-precision CNC machines at our Wuxi, China plant, and began production. We have a big set of data center products already but we are just beginning. We make products that go into both the electrical system and cooling system for Data Centers and produce these products in multiple plant locations. Today, we are pleased to announce that we have tripled the size of the liquid cooling product line that just launched in Q1 2026. Specifically, we have secured another set of multi-year, multi-product awards for stainless-steel cooling products for the NVIDIA supply chain. NN is now underway with procuring an additional 30 new machine centers on top of the 17 new CNC machine centers we previously announced. Additionally, we have successfully repurposed and retooled 5 automotive CNC production centers to become dedicated data center production. We have a strategic goal to rotate out of commodity auto products and this accelerates the achievement of that objective."
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Analyst Views on NNBR
Wall Street analysts forecast NNBR stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.700
Low
4.00
Averages
5.33
High
6.00
Current: 3.700
Low
4.00
Averages
5.33
High
6.00
About NNBR
NN, Inc. is a diversified industrial company. The Company combines advanced engineering and production capabilities with materials science expertise to design and manufacture high-precision components and assemblies. The Company operates through two segments: Mobile Solutions and Power Solutions. Mobile Solutions segment manufactures components for use in power steering, braking, transmissions, and gasoline fuel system applications, along with components utilized in heating, ventilation and air conditioning and diesel injection and diesel emissions treatment applications. The segment’s technical capabilities can be utilized in various applications, including for use in battery electric, hybrid electric, and internal combustion engine vehicles. Power Solutions segment manufactures a range of products, including electrical contacts, connectors, contact assemblies, and precision stampings for the electrical end market and high precision products for the aerospace and defense end market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- New Customer Orders: NN has received initial purchase orders tied to a leading robotic-assisted surgery platform, anticipated to increase its medical new business pipeline by approximately $25 million, bringing the total pipeline to $75 million, reflecting strong market demand and growth potential.
- Return on Technical Investment: After years of investment and the implementation of a new quality system, NN's success in the medical products market not only enhances its brand image but also lays the groundwork for future business expansion, particularly in the rapidly growing robotic surgery sector.
- Strategic Growth Plan: NN is actively investing in the medical market, focusing on the production of high-precision components, and leveraging its global manufacturing capabilities and specialized team, which is expected to further enhance its competitiveness and market share in the medical industry.
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- Stock Volatility Analysis: Over the past year, NN's shares have experienced 49 moves greater than 5%, and today's increase indicates that the market considers this news significant, although it does not fundamentally alter perceptions of the company's business, reflecting cautious optimism about its future.
- Guidance Upgrade: NN secured approximately $43 million in new business awards in Q1, primarily from the electric grid and data center sectors, prompting the company to raise its 2026 new business wins guidance to a range of $80 million to $90 million, indicating strong market demand.
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- Planned Use of Funds: Management intends to deploy the net proceeds for working capital and general corporate purposes, explicitly noting that the funds may be used to optimize the company's capital structure and reduce leverage, aiming to enhance financial stability.
- Underwriter Information: Craig-Hallum Capital Group LLC is serving as the sole placement agent for this PIPE financing, indicating a strategic partnership in the capital markets.
See More
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- Stock Issuance Details: Under the agreement, NN will issue 24,509,804 shares of common stock at a price of $3.06 per share, reflecting the company's confidence in future growth and providing new investors with an entry point.
- Market Reaction: CEO Harold Bevis stated that this financing will attract new investors and strengthen the company's competitive position in the market, which is expected to positively impact shareholders and further drive the achievement of strategic goals.
- Legal Compliance: The securities issued in this transaction are not registered under the Securities Act of 1933, and NN has entered into a registration rights agreement with investors to file a registration statement with the SEC for future resale of shares, ensuring compliance and transparency.
See More
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- Partnership with NVIDIA: The facility will supply parts to NVIDIA's supply chain in China, Taiwan, and Vietnam, highlighting NN's strategic importance and potential in the AI data center market.
- Significant Stock Surge: Following the announcement of securing additional 2026 supply awards for liquid-cooling products, NNBR shares surged over 45% in a single day, marking the best performance since April 2020 and reflecting strong investor confidence in the company's growth prospects.
- Accelerated Strategic Shift: NN plans to add 47 new machines to expand its liquid-cooling product line, with the CEO stating a strategic pivot away from traditional automotive products towards data center business, which is expected to drive sales growth in 2026.
See More
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