Trade policy has rarely felt this unpredictable. With US tariffs in flux after the Supreme Court’s 2026 ruling and the USMCA shifting to yearly reviews, cross border supply chains face a moving target. That kind of uncertainty can hold back long term investment, but it can also push capital toward companies rooted in U.S. infrastructure, manufacturing and onshoring. This article looks at 3 stocks from our U.S. Domestic Infrastructure and Industrial Onshoring screener that appear closely tied to these policy shocks. You will see how each stock could be exposed to these headlines, for better or worse.

Fluence Energy (FLNC)

Overview: Fluence Energy provides large scale battery storage systems and software that help utilities, grid operators and major power users stabilize electricity supply and integrate renewable energy across regions worldwide.

Operations: Fluence Energy generates about US$2.6b in revenue from batteries and battery systems, with additional reported revenue adjustments and exposure across Asia Pacific and the Europe, Middle East and Africa regions.

Market Cap: US$2.4b

Fluence Energy sits at the crossroads of U.S. onshoring, grid reliability and the growing power needs of data centers, which is why trade policy shocks matter so much for this stock. The company sells grid scale storage products like Gridstack Pro and Smartstack that support U.S. manufacturing hubs and power grids. Its domestic content strategy and diversified sourcing are designed to limit tariff exposure that has already disrupted some contracts. At the same time, Fluence is still loss making and relies on external borrowing, with a share price that has shown sharp swings and mixed analyst confidence. To understand how that mix of growth potential, policy risk and valuation compares for investors, the full story goes much deeper than this snapshot.

Fluence Energy sits in a sweet spot where grid storage demand, tariff risk and data center power needs are colliding. Yet the real story sits in the 3 key rewards and 1 important major warning sign that might explain its sharp share price swings

nVent Electric (NVT)

Overview: nVent Electric designs and sells equipment that connects, powers and protects electrical systems, from data centers and utilities through to factories and commercial buildings. Its brands supply enclosures, cooling, power and data connections, and related hardware that keep critical infrastructure running safely and reliably.

Operations: nVent Electric generates about US$3.0b of revenue from its Systems Protection segment and around US$1.3b from Electrical Connections, with the Americas contributing roughly US$3.6b of its sales.

Market Cap: US$24.1b

nVent Electric is closely linked to U.S. onshoring because its enclosures, cooling solutions and electrical connections are embedded in new factories, warehouses and data centers that companies are bringing back onshore. The stock sits at the crossroads of AI data center build outs, power grid upgrades and domestic construction. This helps explain why earnings forecasts are strong and why the P/E sits well above many electrical peers. At the same time, management has flagged tariffs on steel, aluminum and China sourced components as real cost headwinds, and the share price carries expectations that leave little room for missteps. The key question is whether the quality of earnings, tariff playbook and AI exposure can justify that valuation premium over time.

nVent Electric’s premium P/E and AI factory exposure suggest investors might be missing something in the earnings story. The real test sits inside the analyst forecasts for nVent Electric and one detail could flip the whole thesis.

Kratos Defense & Security Solutions (KTOS)

Overview: Kratos Defense & Security Solutions builds unmanned aerial systems, hypersonic and rocket technologies, satellite ground software and microwave electronics that support defense, national security and certain commercial customers in the United States and abroad.

Operations: Kratos generates about US$311.5m in revenue from Unmanned Systems and around US$1.1b from Kratos Government Solutions, with most revenue reported from the United States at roughly US$1.1b.

Market Cap: US$9.3b

Kratos Defense & Security Solutions sits at the intersection of U.S. onshoring, defense manufacturing and policy driven investment. The company is investing heavily in new U.S. facilities for drones, hypersonics and counter drone systems, supported by contracts such as the roughly US$156m Project Solar Shield award and around US$400m of hypersonic related funding. Earnings momentum and revenue growth expectations are positive, yet margins remain thin, funding relies on external borrowing and insider selling raises questions about near term sentiment. If U.S. trade and industrial policy continues to favor domestic defense capacity, Kratos may play an important role as a contractor in that build out. The key issue for investors is whether that potential offsets the relatively rich valuations and the balance sheet risk involved.

Kratos appears to be a contractor whose story is developing more rapidly than many investors may recognize, yet its thin margins and funding needs raise significant questions. Get the full context inside the analysis report for Kratos Defense & Security Solutions

The three stocks in this article are only a starting point, and the full U.S. Domestic Infrastructure and Industrial Onshoring screener has identified 35 more companies with equally compelling stories inside the U.S. Domestic Infrastructure and Industrial Onshoring screener. Use Simply Wall St to identify and analyze the specific catalysts and narratives that matter 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.