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U.S. Heavy Electrical Equipment Industry Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies23
  • 7D-3.0%
  • 3M-4.9%
  • 1Y83.5%
  • YTDn/a

Over the last 7 days, the Heavy Electrical Equipment industry has dropped 3.0%, driven by a pullback from GE Vernova of 8.6%. Meanwhile, Bloom Energy actually outperformed within the industry, gaining 36% in the last week. This takes the industry's 12 month performance to a gain of 83%. As for the next few years, earnings are expected to grow by 34% 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, 12 Jan 2026US$211.8bUS$40.5bUS$626.9m16.4x337.9x5.2x
Wed, 10 Dec 2025US$207.5bUS$40.5bUS$639.0m15x324.7x5.1x
Fri, 07 Nov 2025US$201.9bUS$40.4bUS$1.3b52.2x155.8x5x
Sun, 05 Oct 2025US$200.1bUS$39.2bUS$756.2m79.6x264.6x5.1x
Tue, 02 Sep 2025US$193.6bUS$39.1bUS$764.9m144.3x253.1x4.9x
Thu, 31 Jul 2025US$205.4bUS$39.0bUS$743.5m89.6x276.2x5.3x
Sat, 28 Jun 2025US$158.7bUS$38.1bUS$1.5b46.1x104.2x4.2x
Mon, 26 May 2025US$144.3bUS$38.1bUS$1.5b40.1x94.7x3.8x
Wed, 23 Apr 2025US$95.3bUS$37.2bUS$1.2b32.9x78.1x2.6x
Fri, 21 Mar 2025US$106.5bUS$37.1bUS$1.2b27.7x88.7x2.9x
Sun, 16 Feb 2025US$117.4bUS$37.0bUS$1.3b40.9x93.5x3.2x
Tue, 14 Jan 2025US$116.2bUS$36.5bUS$970.4m47.3x119.8x3.2x
Thu, 12 Dec 2024US$105.4bUS$36.5bUS$968.2m43.8x108.9x2.9x
Sat, 09 Nov 2024US$104.4bUS$36.7bUS$950.3m9x109.9x2.8x
Mon, 07 Oct 2024US$83.4bUS$36.1bUS$713.5m10.8x116.9x2.3x
Wed, 04 Sep 2024US$64.7bUS$36.1bUS$713.1m8x90.7x1.8x
Fri, 02 Aug 2024US$59.0bUS$35.7bUS$576.8m8.2x102.4x1.7x
Sun, 30 Jun 2024US$57.4bUS$35.6b-US$809,130,613.008.5x-71x1.6x
Tue, 28 May 2024US$58.7bUS$35.6b-US$808,973,419.0010.6x-72.6x1.7x
Thu, 25 Apr 2024US$46.4bUS$35.2b-US$1,010,912,218.006.8x-45.9x1.3x
Sat, 23 Mar 2024US$18.0bUS$2.0b-US$571,101,218.006.6x-31.5x9.1x
Mon, 19 Feb 2024US$17.2bUS$3.5b-US$838,088,470.0015.3x-20.6x4.9x
Wed, 17 Jan 2024US$27.9bUS$14.6b-US$2,458,191,419.0014x-11.4x1.9x
Fri, 15 Dec 2023US$28.4bUS$14.6b-US$2,458,191,419.0017.4x-11.5x1.9x
Sun, 12 Nov 2023US$28.1bUS$14.6b-US$2,521,005,201.001.4x-11.1x1.9x
Tue, 10 Oct 2023US$29.0bUS$14.3b-US$2,359,459,201.002.2x-12.3x2x
Thu, 07 Sep 2023US$30.1bUS$14.3b-US$2,346,012,201.002.2x-12.8x2.1x
Sat, 05 Aug 2023US$24.3bUS$14.2b-US$2,193,344,201.002.2x-11.1x1.7x
Mon, 03 Jul 2023US$21.8bUS$14.3b-US$2,186,440,653.002.2x-10x1.5x
Wed, 31 May 2023US$18.8bUS$14.3b-US$2,126,756,528.002.2x-8.9x1.3x
Fri, 28 Apr 2023US$19.5bUS$14.1b-US$2,132,689,773.00262.4x-9.2x1.4x
Sun, 26 Mar 2023US$18.4bUS$13.9b-US$2,096,357,458.002.6x-8.8x1.3x
Tue, 21 Feb 2023US$8.9bUS$3.1b-US$615,781,893.002.6x-14.5x2.8x
Thu, 19 Jan 2023US$10.2bUS$4.6b-US$521,071,027.005.9x-19.6x2.2x
Price to Earnings Ratio

-19.6x


Total Market Cap: US$10.2bTotal Earnings: -US$521,071,027.00Total Revenue: US$4.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Heavy Electrical Equipment Industry Price to Earnings3Y Average 63.2x202420252026
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 338x which is higher than its 3-year average PE of 63.2x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 5.2x.
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 107% 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 Market1.24%
Industrials2.25%
Electrical-1.31%
Heavy Electrical Equipment-2.95%
Electrical Components-0.60%
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$134.0729.1%
+US$7.1b		482.2%PE2076.7x
SMR NuScale PowerUS$20.519.2%
+US$489.3m		9.1%PS90.8x
BW Babcock & Wilcox EnterprisesUS$7.9521.6%
+US$156.7m		452.1%PS1.2x
NRGV Energy Vault HoldingsUS$5.297.5%
+US$62.1m		167.2%PS10.6x
NNE NANO Nuclear EnergyUS$32.013.4%
+US$53.5m		57.0%PB7.3x

Latest News

GEV
US$622.50
GE Vernova
7D
-8.6%
1Y
69.7%

GEV: Future Buybacks And Dividend Moves Will Mask Overvaluation Risk

Analysts have raised their price target on GE Vernova from US$448.08 to US$538.80, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E. They view these updates as better reflecting the company’s potential risk and return profile.
NNE
US$32.01
NANO Nuclear Energy
7D
3.4%
1Y
57.0%
SMR
US$20.51
NuScale Power
7D
9.2%
1Y
9.1%

SMR: Future Government Reactor Support Will Ultimately Unlock ENTRA1 Deployment Upside

Analysts have trimmed their fair value estimate for NuScale Power from US$36.58 to US$35.50, citing lower price targets from recent research, concerns about delayed firm orders into 2026, potential further share sales by Fluor, and the view that NuScale may need external capital to meet possible ENTRA1 payment obligations. Analyst Commentary Recent Street research presents a mixed picture for NuScale Power, with some analysts highlighting potential monetization and capital access, while others focus on execution risk around contracts, timing of firm orders, and potential obligations to ENTRA1.
OPTT
US$0.48
Ocean Power Technologies
7D
40.6%
1Y
-36.5%
BE
US$134.07
Bloom Energy
7D
29.1%
1Y
482.2%

BE: AI Factory Power Partnership And Capital Plans Will Shape Future Outlook

Analysts have slightly adjusted their price target for Bloom Energy to reflect a fair value update from about $112.50 to roughly $111.18, citing small shifts in expected revenue growth, profit margins, the discount rate, and future P/E assumptions. What's in the News Bloom Energy and Brookfield announced a $5b partnership focused on building AI factories that combine power, compute, data center design, and capital to support artificial intelligence workloads (Key Developments).
NRGV
US$5.29
Energy Vault Holdings
7D
7.5%
1Y
167.2%

NRGV: Reliance On $40M Tax Credits Will Challenge Future Cash Generation Sustainability

Analysts raised their price target on Energy Vault Holdings from $1.50 to $2, citing revenue and adjusted EBITDA that were in line with expectations, reaffirmed 2025 revenue guidance, and highlighted the company’s progress on cash generation supported by the expected monetization of about $40 million in Investment Tax Credits. Analyst Commentary Bullish Takeaways Bullish analysts point to the price target move to $2 as a sign that recent execution on revenue and adjusted EBITDA is broadly matching what the market was expecting, which can support confidence in the company’s current valuation framework.
BWEN
US$3.67
Broadwind
7D
14.7%
1Y
99.5%
BW
US$7.95
Babcock & Wilcox Enterprises
7D
21.6%
1Y
452.1%
NKLR
US$6.03
Terra Innovatum Global
7D
7.7%
1Y
-39.2%

Terra Innovatum: A Deep Dive Into Commercialization Targets And Capital Structure

Dec 22
PSIX
US$66.78
Power Solutions International
7D
-2.5%
1Y
92.6%