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U.S. Heavy Electrical Equipment Industry Analysis

UpdatedJan 18, 2026
DataAggregated Company Financials
Companies23
  • 7D9.4%
  • 3M12.3%
  • 1Y83.9%
  • YTDn/a

Over the last 7 days, the Heavy Electrical Equipment industry has risen 9.4%, driven by gains from GE Vernova of 9.5%. This takes the industry's 12 month performance to a gain of 84%. 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
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
Sat, 01 Apr 2023US$19.6bUS$13.9b-US$2,107,855,062.002.6x-9.3x1.4x
Mon, 27 Feb 2023US$8.4bUS$3.0b-US$570,482,893.002.6x-14.7x2.8x
Wed, 25 Jan 2023US$10.5bUS$4.6b-US$521,071,027.006x-20.1x2.3x
Price to Earnings Ratio

-20.1x


Total Market Cap: US$10.5bTotal 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 65.2x202420252026
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 370x which is higher than its 3-year average PE of 65.2x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 5.7x.
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 Market-0.29%
Industrials2.96%
Electrical6.29%
Heavy Electrical Equipment9.44%
Electrical Components4.96%
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$681.559.5%
+US$16.0b		69.8%PE108.5x
BE Bloom EnergyUS$149.5011.5%
+US$3.6b		525.0%PE2315.7x
PSIX Power Solutions InternationalUS$76.0013.8%
+US$212.4m		116.8%PE14.4x
NNE NANO Nuclear EnergyUS$35.6711.4%
+US$184.7m		44.4%PB8.1x
NRGV Energy Vault HoldingsUS$5.728.1%
+US$72.1m		181.8%PS11.4x

Latest News

BW
US$8.42
Babcock & Wilcox Enterprises
7D
5.9%
1Y
423.0%

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Stock Catapults 38% Though Its Price And Business Still Lag The Industry

Jan 13
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Stock Catapults 38% Though Its Price And Business Still Lag The Industry
BWEN
US$3.57
Broadwind
7D
-2.7%
1Y
75.9%
GEV
US$681.55
GE Vernova
7D
9.5%
1Y
69.8%

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$35.67
NANO Nuclear Energy
7D
11.4%
1Y
44.4%
SMR
US$20.19
NuScale Power
7D
-1.6%
1Y
-8.1%

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$0.42
Ocean Power Technologies
7D
-13.4%
1Y
-54.3%
BE
US$149.50
Bloom Energy
7D
11.5%
1Y
525.0%

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$5.72
Energy Vault Holdings
7D
8.1%
1Y
181.8%

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.
NKLR
US$6.65
Terra Innovatum Global
7D
10.3%
1Y
-32.8%

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

Dec 22
PPSI
US$4.75
Pioneer Power Solutions
7D
-6.3%
1Y
18.8%
BNRG
US$0.52
Brenmiller Energy
7D
-3.6%
1Y
-94.2%
POLA
US$1.68
Polar Power
7D
-13.4%
1Y
-48.6%
NPWR
US$2.64
NET Power
7D
-5.0%
1Y
-71.6%
PSIX
US$76.00
Power Solutions International
7D
13.8%
1Y
116.8%