Why is this data center SPAC up 770%?
Vertiv stock has seen immense popularity lately as the second best performing SPAC to hit the market. That surprised us because most SPACs we've covered have lost over half their value, with many going bankrupt or delisting. What makes Vertiv different? According to the company, they're a leader in thermal management solutions for data centers, a market that is expected to grow at a compound annual growth rate of 40% over the next 3 years. Today, we'll see if Vertiv's rapid rise in price is justified, or if it's all hype.
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The skinny
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