Tariffs on imported goods are reshaping the cost base for many companies, and that can either erode margins or support firms that produce more inside the US. With new US tariffs of 10% to 12.5% on imports from 60 economies now in place, investors are paying closer attention to stocks that sit inside domestic manufacturing and onshoring trends. This article looks at 3 stocks from a US Domestic Manufacturing and Onshoring screener that appear closely tied to these tariff shifts. You will see where the recent policy backdrop may help or hurt, and what that could mean for portfolio positioning.

Bloom Energy (BE)

Overview: Bloom Energy provides on-site solid oxide fuel cell systems that turn fuels like natural gas, biogas, or hydrogen into electricity through an electrochemical process, serving power hungry sectors such as data centers, healthcare, and manufacturing. It also sells hydrogen electrolyzers and related services to utilities and industrial customers in the US and abroad.

Operations: Bloom Energy generates about US$3.1b in revenue from electrical equipment, with roughly US$2.9b from the United States and about US$261m from other countries.

Market Cap: US$64.3b

Bloom Energy sits at the intersection of onshoring and the AI data center buildout, with US based manufacturing, strong policy support for fuel cells, and multi year financing and deployment agreements that support its growth plans. Recent results show higher profitability, although the stock still carries valuation questions, high price volatility, and financing risk due to reliance on borrowing rather than customer deposits. For investors who can accept those trade offs, the mix of domestic production, tariff resilience, and growing exposure to AI infrastructure could make Bloom Energy a company worth a much closer look.

Bloom Energy’s US manufacturing and AI exposure might be masking the real debate for investors. Get the full picture with the 3 key rewards and 4 important warning signs (1 is major!)

REalloys (ALOY)

Overview: REalloys is a North American rare earth metals and permanent magnet producer that supplies materials like neodymium, dysprosium, and samarium, along with NdFeB and other high performance magnets used in defense, electric vehicles, and industrial applications.

Market Cap: US$750.4m

REalloys sits squarely in the middle of US onshoring and tariff protection, as policymakers seek domestic sources of rare earths and magnets that are less reliant on overseas supply. The company has very limited revenue so far and reported a loss of US$106.7m on Q1 2026 sales of just US$0.7m. Its P/B of 7.4x and heavy use of external borrowing point to financial risk. At the same time, the US Army contract talks for a Utah processing hub, multiple supply agreements, addition to several Russell indexes, and a US$100m capital raise indicate that REalloys is tying itself into critical defense and industrial chains that tariffs are pushing back onshore.

REalloys looks like a rare earths minnow trying to plug into major US defense and EV supply chains. Get a clearer sense of how its balance sheet risk stacks up against that opportunity with the 2 key rewards and 3 important warning signs (1 is major!)

nVent Electric (NVT)

Overview: nVent Electric supplies equipment that protects and connects power and data, ranging from enclosures and cooling systems for mission critical electronics and data centers to electrical connections and test tools used across industrial, commercial, residential, infrastructure, and energy projects worldwide.

Operations: nVent Electric generates about US$3.4b in revenue from Systems Protection solutions and around US$1.4b from Electrical Connections, with roughly US$4.1b coming from the Americas and the balance from EMEA and Asia Pacific.

Market Cap: US$25.8b

nVent Electric provides focused exposure to the buildout of onshore factories and AI heavy data centers. The company supplies the electrical and thermal hardware that keeps these sites powered and running. Reported earnings highlight revenue and EPS momentum, a record backlog, and capacity expansions in liquid cooling. This comes at a time when US tariffs are encouraging more domestic infrastructure spending that uses these types of products. The stock also presents valuation risk with a high P/E, significant exposure to AI data center investment cycles, and funding that relies on external borrowing rather than customer deposits. If you want a closer look at how that balance between potential opportunity and risk compares for nVent Electric, the 3 key rewards and 1 important warning sign

nVent Electric’s accelerating role in AI heavy power and data projects may look clear, yet the real story could sit in how growth, valuation and funding risks intersect in the 3 key rewards and 1 important warning sign

The three stocks in this article are only a starting point, and the full US Domestic Manufacturing and Onshoring screener surfaces 29 more companies that carry equally compelling narratives around health, size, and exposure to onshoring trends, all captured in the US Domestic Manufacturing and Onshoring screener. Use Simply Wall St to identify and analyze the exact catalysts, financial strengths, and onshoring narratives that matter most to you so you can focus on the highest conviction ideas in this theme.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.