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U.S. Heavy Electrical Equipment Industry Analysis

UpdatedSep 13, 2026
DataAggregated Company Financials
Companies28
  • 7D2.5%
  • 3M-5.3%
  • 1Y64.8%
  • YTDn/a

The Heavy Electrical Equipment industry is up 2.5% in the last week, with Bloom Energy up 9.0%. In the same time, X-Energy was down 16%. This means that the industry has gained 65% over the past year. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Sep 2026US$371.5bUS$49.0bUS$8.2b20.5x45.1x7.6x
Tue, 11 Aug 2026US$358.8bUS$47.0bUS$8.6b24x41.9x7.6x
Thu, 09 Jul 2026US$394.0bUS$44.4bUS$8.3b25.3x47.6x8.9x
Sat, 06 Jun 2026US$380.1bUS$44.4bUS$8.0b26.8x47.7x8.6x
Mon, 04 May 2026US$400.9bUS$44.1bUS$8.3b30.5x48.3x9.1x
Wed, 01 Apr 2026US$269.3bUS$42.4bUS$3.7b12.3x72.3x6.4x
Fri, 27 Feb 2026US$304.7bUS$42.1bUS$3.7b17.5x83.2x7.2x
Sun, 25 Jan 2026US$224.0bUS$40.5bUS$626.9m14.7x357.4x5.5x
Tue, 23 Dec 2025US$209.3bUS$40.5bUS$626.9m14.1x333.9x5.2x
Thu, 20 Nov 2025US$188.4bUS$40.5bUS$643.1m15x292.9x4.6x
Sat, 18 Oct 2025US$211.3bUS$39.2bUS$756.2m79.7x279.4x5.4x
Mon, 15 Sep 2025US$201.1bUS$39.1bUS$764.9m147.3x262.9x5.1x
Wed, 13 Aug 2025US$201.7bUS$39.1bUS$769.7m87.3x262x5.2x
Fri, 11 Jul 2025US$168.6bUS$38.1bUS$1.5b47.7x110.7x4.4x
Sun, 08 Jun 2025US$150.7bUS$38.1bUS$1.5b40.9x98.9x4x
Tue, 06 May 2025US$119.2bUS$38.0bUS$1.6b29.8x72.8x3.1x
Thu, 03 Apr 2025US$98.6bUS$37.2bUS$1.2b28.7x81.1x2.7x
Sat, 01 Mar 2025US$103.3bUS$37.2bUS$1.4b36.9x76.2x2.8x
Mon, 27 Jan 2025US$129.5bUS$37.0bUS$1.3b46.4x103x3.5x
Wed, 25 Dec 2024US$110.7bUS$36.5bUS$971.5m44.8x114x3x
Fri, 22 Nov 2024US$111.4bUS$36.5bUS$968.7m13.2x115x3.1x
Sun, 20 Oct 2024US$86.9bUS$36.1bUS$710.8m9.3x122.3x2.4x
Tue, 17 Sep 2024US$71.2bUS$36.1bUS$711.3m7.5x100.1x2x
Thu, 15 Aug 2024US$59.0bUS$36.1bUS$654.7m6.3x90x1.6x
Sat, 13 Jul 2024US$59.5bUS$35.6b-US$866,333,490.008.8x-68.7x1.7x
Mon, 10 Jun 2024US$54.2bUS$35.6b-US$808,973,419.0010.4x-67x1.5x
Wed, 08 May 2024US$52.7bUS$35.6b-US$832,792,419.006.8x-63.3x1.5x
Fri, 05 Apr 2024US$18.8bUS$2.0b-US$572,912,218.007.3x-32.9x9.6x
Sun, 03 Mar 2024US$17.0bUS$1.9b-US$612,039,218.0014.7x-27.7x8.7x
Tue, 30 Jan 2024US$30.6bUS$14.6b-US$2,458,191,419.0014x-12.4x2.1x
Thu, 28 Dec 2023US$29.1bUS$14.6b-US$2,458,191,419.0016.6x-11.8x2x
Sat, 25 Nov 2023US$28.3bUS$14.6b-US$2,454,725,201.0012.8x-11.5x1.9x
Mon, 23 Oct 2023US$25.5bUS$14.3b-US$2,359,459,201.002x-10.8x1.8x
Wed, 20 Sep 2023US$30.0bUS$14.3b-US$2,359,459,201.002.2x-12.7x2.1x
Price to Earnings Ratio

-12.7x


Total Market Cap: US$30.0bTotal Earnings: -US$2,359,459,201.00Total Revenue: US$14.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Heavy Electrical Equipment Industry Price to Earnings3Y Average 83.4x202420252026
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 45.1x which is lower than its 3-year average PE of 83.4x.
  • The 3-year average PS ratio of 4.3x is lower than the industry's current PS ratio of 7.6x.
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 51% 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-0.94%
Industrials-1.73%
Electrical0.65%
Heavy Electrical Equipment2.54%
Electrical Components-0.48%
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
BE Bloom EnergyUS$275.759.0%
+US$6.7b		310.0%PE331.6x
GEV GE VernovaUS$957.271.6%
+US$4.1b		53.0%PE26.8x
BW Babcock & Wilcox EnterprisesUS$7.9411.8%
+US$125.1m		185.6%PS1.4x
FPS Forgent Power SolutionsUS$31.821.5%
+US$114.7m		n/aPE455.2x
NRGV Energy Vault HoldingsUS$4.3112.2%
+US$85.5m		88.2%PS3.5x

Latest News

BW
US$7.94
Babcock & Wilcox Enterprises
7D
11.8%
1Y
185.6%
SMR
US$8.61
NuScale Power
7D
-11.2%
1Y
-76.3%
OPTT
US$3.20
Ocean Power Technologies
7D
-43.2%
1Y
-81.4%
NNE
US$16.41
NANO Nuclear Energy
7D
-7.4%
1Y
-50.4%
XE
US$14.93
X-Energy
7D
-15.7%
1Y
n/a
BE
US$275.75
Bloom Energy
7D
9.0%
1Y
310.0%
DPC
US$42.30
DPC Holdings
7D
-5.7%
1Y
n/a
GEV
US$957.27
GE Vernova
7D
1.6%
1Y
53.0%
Narrative Update • Sep 06

GEV: AI Data Center Orders Will Support Stronger Long Term Returns

Analysts now see slightly higher upside for GE Vernova, with the fair value estimate moving from about $1,211.72 to $1,236.43 as they factor in updated assumptions for revenue growth, profit margins, the discount rate, and the future P/E multiple. What’s in the News for GE Vernova GE Vernova agreed to a multibillion dollar alliance with Venezuela’s state oil company PDVSA to help restore and stabilize the country’s power grid within six to twelve months, as part of a broader US backed effort that also involves Chevron and Eni.
NRGV
US$4.31
Energy Vault Holdings
7D
12.2%
1Y
88.2%
Narrative Update • Sep 03

NRGV: Long Dated Hyperscaler Backlog Will Not Quickly Resolve Execution Risks

Analysts have raised their fair value estimate for Energy Vault Holdings from $2.50 to $3.00, reflecting updated views on revenue growth, profit margins, and longer term earnings potential following recent Q2 results and price target increases to $6 and $7 at major firms. Analyst Commentary on Energy Vault Holdings Recent Street research on Energy Vault Holdings points to a more constructive tone after Q2, with several firms lifting price targets and talking up the backlog tied to large scale contracts.
INIO
US$20.35
Innio
7D
-2.0%
1Y
n/a
Seeking Alpha • Aug 31

INNIO: A Better Power Proposition Here

Summary INNIO offers a compelling pick-and-shovel play on the data center boom, with strong sales momentum and a robust order backlog. Shares have reset from post-IPO highs, now trading at a near 30x earnings multiple—half the IPO level—while business momentum remains strong. INIO's guidance calls for $3.8-3.9B in revenue and $720-740M in adjusted EBITDA, with a $6.6B backlog and capacity sold out through 2026/2027. I see a more attractive setup after the pullback but would prefer a further dip to the mid-teens before initiating a position. Read the full article on Seeking Alpha
NKLR
US$5.11
Terra Innovatum Global
7D
-3.0%
1Y
-50.8%
New Narrative • Aug 30

Regulatory And Supply Chain Risks Will Test Nuclear Microreactor Ambitions Before Potential Upside

Catalysts About Terra Innovatum Global Terra Innovatum Global develops factory built SOLO micro reactors designed to provide reliable, carbon free power for industrial and data center customers. What are the underlying business or industry changes driving this perspective?
FPS
US$31.82
Forgent Power Solutions
7D
1.5%
1Y
n/a
EROC
US$12.70
ERock
7D
3.0%
1Y
n/a
New Narrative • Aug 26

AI-Driven Power Demand And Backlog Will Support Long-Term Earnings Transformation

Catalysts About ERock ERock provides vertically integrated, natural gas based distributed power systems with long-term service and software support for commercial, industrial, data center and utility customers. What are the underlying business or industry changes driving this perspective?
BWEN
US$3.98
Broadwind
7D
-4.1%
1Y
77.7%
Narrative Update • Aug 26

BWEN: Strong Q2 Execution And Order Momentum Will Support Bullish Repricing

Analysts have raised their fair value estimate for Broadwind to $6.00 from $5.00, citing solid Q2 results, stronger Industrial Solutions performance, and firm order momentum across both segments as key reasons for the higher target. What’s in the News for Broadwind Broadwind reported that from April 1, 2026 to June 30, 2026, it repurchased 0 shares for $0 million under its existing buyback program, completing the repurchase of 0 shares for $0 million that was announced on September 10, 2025.
PSIX
US$42.11
Power Solutions International
7D
4.0%
1Y
-55.4%
GFUZ
US$8.41
General Fusion Group
7D
2.1%
1Y
n/a