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U.S. Heavy Electrical Equipment Industry Analysis

UpdatedApr 27, 2026
DataAggregated Company Financials
Companies24
  • 7D13.3%
  • 3M66.3%
  • 1Y236.4%
  • YTDn/a

The Heavy Electrical Equipment industry is up 13% in the last week, with GE Vernova up 15%. Meanwhile, Babcock & Wilcox Enterprises actually underperformed within the industry, shrinking 21% in the last week. This takes the industry's 12 month performance to a gain of 236%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the U.S. Heavy Electrical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Apr 2026US$404.7bUS$43.7bUS$8.2b15.6x49.3x9.3x
Wed, 25 Mar 2026US$295.8bUS$42.4bUS$3.7b11.9x79.4x7x
Fri, 20 Feb 2026US$283.6bUS$42.1bUS$3.7b16.1x77.4x6.7x
Sun, 18 Jan 2026US$231.8bUS$40.5bUS$626.9m16x369.8x5.7x
Tue, 16 Dec 2025US$215.2bUS$40.5bUS$639.4m15.5x336.5x5.3x
Thu, 13 Nov 2025US$202.2bUS$40.5bUS$1.1b53.3x192.6x5x
Sat, 11 Oct 2025US$210.4bUS$39.2bUS$756.2m80.1x278.2x5.4x
Mon, 08 Sep 2025US$190.6bUS$39.1bUS$764.9m137.1x249.2x4.9x
Wed, 06 Aug 2025US$206.2bUS$39.1bUS$762.7m89.6x270.4x5.3x
Fri, 04 Jul 2025US$161.0bUS$38.1bUS$1.5b47.5x105.7x4.2x
Sun, 01 Jun 2025US$140.4bUS$38.1bUS$1.5b39.7x92.1x3.7x
Tue, 29 Apr 2025US$112.9bUS$37.9bUS$1.6b29.3x70.4x3x
Thu, 27 Mar 2025US$106.3bUS$37.2bUS$1.2b27.3x87.5x2.9x
Sat, 22 Feb 2025US$105.1bUS$37.0bUS$1.3b36x83.7x2.8x
Mon, 20 Jan 2025US$126.1bUS$36.5bUS$970.4m51.1x129.9x3.5x
Wed, 18 Dec 2024US$108.6bUS$36.5bUS$971.5m42x111.8x3x
Fri, 15 Nov 2024US$105.9bUS$36.5bUS$969.7m12.4x109.2x2.9x
Sun, 13 Oct 2024US$83.7bUS$36.1bUS$710.8m8.8x117.8x2.3x
Tue, 10 Sep 2024US$63.8bUS$36.1bUS$713.1m7.5x89.5x1.8x
Thu, 08 Aug 2024US$53.7bUS$35.7bUS$576.8m6.8x93.1x1.5x
Sat, 06 Jul 2024US$57.6bUS$35.6b-US$866,333,490.007.9x-66.5x1.6x
Mon, 03 Jun 2024US$58.6bUS$35.6b-US$808,973,419.009.9x-72.5x1.6x
Wed, 01 May 2024US$48.4bUS$35.6b-US$825,912,218.006.8x-58.6x1.4x
Fri, 29 Mar 2024US$18.8bUS$2.0b-US$571,101,218.006.7x-32.8x9.5x
Sun, 25 Feb 2024US$16.6bUS$1.9b-US$612,039,218.0014.2x-27.1x8.5x
Tue, 23 Jan 2024US$30.3bUS$14.6b-US$2,458,191,419.0014.3x-12.3x2.1x
Thu, 21 Dec 2023US$28.8bUS$14.6b-US$2,458,191,419.0017.4x-11.7x2x
Sat, 18 Nov 2023US$28.2bUS$14.6b-US$2,511,967,201.0013.6x-11.2x1.9x
Mon, 16 Oct 2023US$28.9bUS$14.3b-US$2,359,459,201.002x-12.3x2x
Wed, 13 Sep 2023US$30.0bUS$14.3b-US$2,346,012,201.002.2x-12.8x2.1x
Fri, 11 Aug 2023US$30.0bUS$14.3b-US$2,238,722,201.002.2x-13.4x2.1x
Sun, 09 Jul 2023US$21.5bUS$14.2b-US$2,180,983,201.002.2x-9.9x1.5x
Tue, 06 Jun 2023US$18.9bUS$14.3b-US$2,125,942,653.002.2x-8.9x1.3x
Thu, 04 May 2023US$19.4bUS$14.1b-US$2,132,689,773.00244.4x-9.1x1.4x
Price to Earnings Ratio

-9.1x


Total Market Cap: US$19.4bTotal Earnings: -US$2,132,689,773.00Total Revenue: US$14.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Heavy Electrical Equipment Industry Price to Earnings3Y Average 76.2x202420252026
Current Industry PE
  • Investors are pessimistic on the American Heavy Electrical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 49.3x which is lower than its 3-year average PE of 76.2x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 9.3x.
Past Earnings Growth
  • Total earnings for the Heavy Electrical Equipment industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 46% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does U.S. Heavy Electrical Equipment compare with similar industries?

US Market0.33%
Industrials-0.77%
Electrical6.04%
Heavy Electrical Equipment13.26%
Electrical Components2.05%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GEV GE VernovaUS$1.15k16.1%
+US$42.6b		210.5%PE32.9x
BE Bloom EnergyUS$231.175.9%
+US$3.6b		1,101.5%PS32x
FPS Forgent Power SolutionsUS$35.143.1%
+US$254.8m		n/aPE584.8x
NKLR Terra Innovatum GlobalUS$7.2620.2%
+US$134.8m		-28.7%PE-142x
NRGV Energy Vault HoldingsUS$4.4620.5%
+US$132.4m		519.4%PS3.8x

Latest News

NPWR
US$1.73
NET Power
7D
3.6%
1Y
-4.4%
GEV
US$1,149.19
GE Vernova
7D
16.1%
1Y
210.5%

GE Vernova's earnings will soar to $4.2 billion by 2030

With their updated backlog and orders building daily. I believe GEV has a big run ahead.
SMR
US$11.96
NuScale Power
7D
-6.5%
1Y
-29.5%

SMR: DOE Fuel Support And ENTRA1 Progress Will Shape Future Commercialization

NuScale Power's analyst price target has been trimmed by about $0.30 to $20.42 as analysts factor in a slightly higher discount rate and modestly lower assumed profit margins, while still reflecting ongoing, lengthy commercialization timelines highlighted in recent research. Analyst Commentary Recent research on NuScale Power reflects a mixed backdrop where price targets are being reset, yet several firms still see room for value creation if the company executes on its commercialization plans and funding strategy.
NRGV
US$4.46
Energy Vault Holdings
7D
20.5%
1Y
519.4%
BWEN
US$2.58
Broadwind
7D
3.2%
1Y
70.9%
BE
US$231.17
Bloom Energy
7D
5.9%
1Y
1,101.5%
NKLR
US$7.26
Terra Innovatum Global
7D
20.2%
1Y
-28.7%
BW
US$14.50
Babcock & Wilcox Enterprises
7D
-12.3%
1Y
3,367.2%
FPS
US$35.14
Forgent Power Solutions
7D
3.1%
1Y
n/a

Forgent Power Solutions: Powering On Post Its Public Offering

Apr 08
BNRG
US$3.00
Brenmiller Energy
7D
-10.4%
1Y
-98.6%
NNE
US$24.50
NANO Nuclear Energy
7D
-4.1%
1Y
2.7%
PPSI
US$3.19
Pioneer Power Solutions
7D
12.7%
1Y
16.0%
POLA
US$1.72
Polar Power
7D
-3.9%
1Y
-14.4%
PSIX
US$77.04
Power Solutions International
7D
-2.0%
1Y
182.7%
OPTT
US$0.37
Ocean Power Technologies
7D
-1.6%
1Y
-12.0%
BESS
US$2.88
Bimergen Energy
7D
-2.0%
1Y
-55.7%