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U.S. Heavy Electrical Equipment Industry Analysis

UpdatedMar 23, 2026
DataAggregated Company Financials
Companies22
  • 7D1.6%
  • 3M30.2%
  • 1Y155.9%
  • YTDn/a

Over the last 7 days, the Heavy Electrical Equipment industry has risen 4.2%, driven by gains from GE Vernova of 5.7%. In the last 12 months, the industry was up 163%. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Mar 2026US$289.1bUS$42.4bUS$3.7b10.7x77.6x6.8x
Wed, 18 Feb 2026US$275.0bUS$42.1bUS$3.7b17.8x75x6.5x
Fri, 16 Jan 2026US$217.7bUS$40.5bUS$626.9m15.4x347.2x5.4x
Sun, 14 Dec 2025US$215.2bUS$40.5bUS$639.4m14.6x336.5x5.3x
Tue, 11 Nov 2025US$201.5bUS$40.5bUS$1.1b53.7x191.9x5x
Thu, 09 Oct 2025US$202.2bUS$39.2bUS$756.2m82.8x267.4x5.2x
Sat, 06 Sep 2025US$190.5bUS$39.1bUS$764.9m137.1x249.1x4.9x
Mon, 04 Aug 2025US$204.8bUS$39.1bUS$762.7m89.6x268.6x5.2x
Wed, 02 Jul 2025US$162.2bUS$38.1bUS$1.5b46.5x106.5x4.3x
Fri, 30 May 2025US$150.8bUS$38.1bUS$1.5b39.6x98.9x4x
Sun, 27 Apr 2025US$112.9bUS$37.9bUS$1.6b28.9x70.4x3x
Tue, 25 Mar 2025US$105.6bUS$37.1bUS$1.2b27.7x88x2.8x
Thu, 20 Feb 2025US$117.4bUS$37.0bUS$1.3b41.3x93.5x3.2x
Sat, 18 Jan 2025US$122.6bUS$36.5bUS$970.4m51.1x126.3x3.4x
Mon, 16 Dec 2024US$106.8bUS$36.5bUS$968.2m42.5x110.3x2.9x
Wed, 13 Nov 2024US$109.4bUS$36.7bUS$950.3m9.7x115.1x3x
Fri, 11 Oct 2024US$83.2bUS$36.1bUS$710.8m8.3x117.1x2.3x
Sun, 08 Sep 2024US$62.9bUS$36.1bUS$713.1m7.9x88.2x1.7x
Tue, 06 Aug 2024US$54.3bUS$35.7bUS$576.8m7.2x94.2x1.5x
Thu, 04 Jul 2024US$57.5bUS$35.6b-US$866,333,490.008.5x-66.4x1.6x
Sat, 01 Jun 2024US$58.5bUS$35.6b-US$808,973,419.009.9x-72.3x1.6x
Mon, 29 Apr 2024US$48.2bUS$35.6b-US$825,912,218.006.8x-58.4x1.4x
Wed, 27 Mar 2024US$18.0bUS$2.0b-US$571,101,218.006.6x-31.4x9.1x
Fri, 23 Feb 2024US$16.9bUS$3.5b-US$837,823,218.0014x-20.2x4.8x
Sun, 21 Jan 2024US$30.1bUS$14.6b-US$2,458,191,419.0014.5x-12.2x2.1x
Tue, 19 Dec 2023US$28.6bUS$14.6b-US$2,458,191,419.0017.4x-11.6x2x
Thu, 16 Nov 2023US$28.1bUS$14.6b-US$2,514,839,201.007.6x-11.2x1.9x
Sat, 14 Oct 2023US$28.9bUS$14.3b-US$2,359,459,201.002x-12.2x2x
Mon, 11 Sep 2023US$26.8bUS$14.3b-US$2,346,012,201.002.2x-11.4x1.9x
Wed, 09 Aug 2023US$30.1bUS$14.3b-US$2,208,419,201.002.2x-13.6x2.1x
Fri, 07 Jul 2023US$21.2bUS$14.2b-US$2,180,983,201.002.2x-9.7x1.5x
Sun, 04 Jun 2023US$18.9bUS$14.3b-US$2,125,942,653.002.2x-8.9x1.3x
Tue, 02 May 2023US$19.6bUS$14.1b-US$2,132,689,773.00260.1x-9.2x1.4x
Thu, 30 Mar 2023US$19.0bUS$13.9b-US$2,107,797,152.002.6x-9x1.4x
Price to Earnings Ratio

-9x


Total Market Cap: US$19.0bTotal Earnings: -US$2,107,797,152.00Total Revenue: US$13.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Heavy Electrical Equipment Industry Price to Earnings3Y Average 73.4x202420252026
Current Industry PE
  • Investors are optimistic on the American Heavy Electrical Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 77.6x which is higher than its 3-year average PE of 73.4x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 6.8x.
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 45% 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 Market-2.61%
Industrials-2.50%
Electrical-1.12%
Heavy Electrical Equipment1.62%
Electrical Components-2.53%
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$851.072.9%
+US$6.4b		147.7%PE47x
BW Babcock & Wilcox EnterprisesUS$15.1829.3%
+US$465.3m		1,564.7%PS3.5x
NKLR Terra Innovatum GlobalUS$5.1121.4%
+US$99.5m		-48.9%PE-99.9x
OPTT Ocean Power TechnologiesUS$0.34-10.5%
US$3.4m		-36.0%PS22.5x
BESS Bimergen EnergyUS$2.853.6%
+US$703.1k		-68.3%PB1x

Latest News

PSIX
US$52.84
Power Solutions International
7D
-10.8%
1Y
77.1%
OPTT
US$0.34
Ocean Power Technologies
7D
-10.5%
1Y
-36.0%
BE
US$150.12
Bloom Energy
7D
-2.3%
1Y
551.8%

BE: Future Premium P/E Will Remain Misaligned With Realistic Profit Margins

Analysts have raised their price target for Bloom Energy to $65.23 from $40.20, citing updated assumptions for profit margins, revenue growth, discount rate, and future P/E that collectively support a higher valuation framework. What's in the News Bloom Energy issued earnings guidance for full year 2026, with projected revenue in the range of US$3.1b to US$3.3b (company guidance).
SMR
US$11.44
NuScale Power
7D
-4.4%
1Y
-39.4%

Will NuScale Power achieve growth success in the next five years?

What is NuScale? To give you a quick summary, NuScale Power (NYSE: SMR) is a nuclear energy company focused on designing and selling Small Modular Reactors (SMRs).
BW
US$15.18
Babcock & Wilcox Enterprises
7D
29.3%
1Y
1,564.7%
NRGV
US$3.34
Energy Vault Holdings
7D
-3.5%
1Y
252.8%

NRGV: Asset Platform And AI Data Center Projects Will Drive Future Upside

Analysts have adjusted their price targets on Energy Vault Holdings to reflect updated assumptions around discount rates, revenue growth, profit margins, and future P/E. They are keeping fair value at $5.19 while refining their outlook on the company’s risk and earnings profile.
FPS
US$33.45
Forgent Power Solutions
7D
-3.2%
1Y
n/a
NNE
US$21.10
NANO Nuclear Energy
7D
-3.9%
1Y
-35.9%
BWEN
US$2.01
Broadwind
7D
-8.6%
1Y
40.6%
NKLR
US$5.11
Terra Innovatum Global
7D
21.4%
1Y
-48.9%
GEV
US$851.07
GE Vernova
7D
2.9%
1Y
147.7%

GEV: Long Term Equipment Contracts Will Support Stronger Future Returns

Analysts have lifted their price target on GE Vernova to $1,019, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin, and future P/E that support a steady valuation framework. What's in the News OPC Energy agreed to purchase main equipment from GE Vernova for the Hadera 2 natural gas power project in Israel, covering gas and steam turbines, auxiliary systems, and a maintenance agreement.
BESS
US$2.85
Bimergen Energy
7D
3.6%
1Y
-68.3%
PPSI
US$3.15
Pioneer Power Solutions
7D
-9.2%
1Y
-8.4%
BNRG
US$0.60
Brenmiller Energy
7D
-17.0%
1Y
-98.8%