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U.S. Heavy Electrical Equipment Industry Analysis

UpdatedApr 04, 2026
DataAggregated Company Financials
Companies24
  • 7D4.4%
  • 3M30.1%
  • 1Y240.4%
  • YTDn/a

In the last week, the Heavy Electrical Equipment industry is up 2.4%, with GE Vernova up 2.9%. This means that the industry has gained 209% over the past year. 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
Sat, 04 Apr 2026US$296.4bUS$42.4bUS$3.7b13.7x79.8x7x
Mon, 02 Mar 2026US$298.7bUS$42.1bUS$3.7b15.9x81x7.1x
Wed, 28 Jan 2026US$224.5bUS$40.5bUS$626.9m14.5x358x5.5x
Fri, 26 Dec 2025US$212.4bUS$40.5bUS$626.9m14.1x338.7x5.2x
Sun, 23 Nov 2025US$180.9bUS$40.5bUS$639.0m15x283.1x4.5x
Tue, 21 Oct 2025US$205.4bUS$39.2bUS$756.2m78.6x271.6x5.2x
Thu, 18 Sep 2025US$200.9bUS$39.1bUS$761.9m144.8x263.7x5.1x
Sat, 16 Aug 2025US$195.4bUS$39.1bUS$765.6m82.1x255.2x5x
Mon, 14 Jul 2025US$169.4bUS$38.1bUS$1.5b48.2x111.2x4.4x
Wed, 11 Jun 2025US$151.2bUS$38.1bUS$1.5b39.9x99.3x4x
Fri, 09 May 2025US$121.8bUS$38.0bUS$1.6b31x74.3x3.2x
Sun, 06 Apr 2025US$83.6bUS$37.2bUS$1.2b30.6x68.8x2.2x
Tue, 04 Mar 2025US$106.2bUS$37.2bUS$1.4b34.7x78.3x2.9x
Thu, 30 Jan 2025US$112.4bUS$37.0bUS$1.3b40x89.4x3x
Sat, 28 Dec 2024US$110.1bUS$36.5bUS$971.5m43.1x113.3x3x
Mon, 25 Nov 2024US$114.9bUS$36.5bUS$968.7m13.9x118.6x3.1x
Wed, 23 Oct 2024US$88.5bUS$36.1bUS$710.8m9x124.5x2.5x
Fri, 20 Sep 2024US$73.6bUS$36.1bUS$713.9m7.9x103.1x2x
Sun, 18 Aug 2024US$60.0bUS$36.1bUS$653.7m7.7x91.8x1.7x
Tue, 16 Jul 2024US$61.3bUS$35.6b-US$866,333,490.009x-70.8x1.7x
Thu, 13 Jun 2024US$56.1bUS$35.6b-US$808,973,419.0010.4x-69.4x1.6x
Sat, 11 May 2024US$52.5bUS$35.6b-US$814,331,419.006.1x-64.5x1.5x
Mon, 08 Apr 2024US$52.2bUS$35.2b-US$1,010,912,218.007.3x-51.6x1.5x
Wed, 06 Mar 2024US$17.1bUS$2.0b-US$608,117,218.006.6x-28.1x8.7x
Fri, 02 Feb 2024US$30.6bUS$14.6b-US$2,458,191,419.0013.6x-12.4x2.1x
Sun, 31 Dec 2023US$29.0bUS$14.6b-US$2,458,191,419.0015.9x-11.8x2x
Tue, 28 Nov 2023US$28.4bUS$14.6b-US$2,454,725,201.0013x-11.6x1.9x
Thu, 26 Oct 2023US$28.7bUS$14.3b-US$2,359,459,201.002x-12.2x2x
Sat, 23 Sep 2023US$29.5bUS$14.3b-US$2,359,459,201.002.2x-12.5x2.1x
Mon, 21 Aug 2023US$30.2bUS$14.3b-US$2,346,012,201.002.2x-12.9x2.1x
Wed, 19 Jul 2023US$22.2bUS$14.2b-US$2,185,370,201.002.2x-10.2x1.6x
Fri, 16 Jun 2023US$22.7bUS$14.3b-US$2,180,720,653.002.2x-10.4x1.6x
Sun, 14 May 2023US$18.7bUS$14.3b-US$2,126,964,258.00338x-8.8x1.3x
Tue, 11 Apr 2023US$19.5bUS$14.0b-US$2,109,275,681.002.6x-9.3x1.4x
Price to Earnings Ratio

-9.3x


Total Market Cap: US$19.5bTotal Earnings: -US$2,109,275,681.00Total Revenue: US$14.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Heavy Electrical Equipment Industry Price to Earnings3Y Average 74.3x202420252026
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 79.3x which is higher than its 3-year average PE of 74.3x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 7.0x.
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 Market3.46%
Industrials2.97%
Electrical2.99%
Heavy Electrical Equipment4.42%
Electrical Components2.27%
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$898.575.3%
+US$12.2b		231.0%PE49.6x
BE Bloom EnergyUS$135.631.8%
+US$670.5m		717.0%PS18.8x
PSIX Power Solutions InternationalUS$67.5513.3%
+US$182.3m		232.8%PE13.7x
BW Babcock & Wilcox EnterprisesUS$15.725.8%
+US$116.3m		4,681.0%PS3.6x
NNE NANO Nuclear EnergyUS$21.385.4%
+US$56.8m		-0.3%PB1.9x

Latest News

BE
US$135.63
Bloom Energy
7D
1.8%
1Y
717.0%

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

Analysts now estimate Bloom Energy's fair value at $64.79, slightly lower than the previous estimate of $65.23, reflecting updated views on the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Bloom Energy appointed Simon Edwards as Chief Financial Officer, effective April 13, 2026, bringing nearly 20 years of experience scaling technology companies and leading global financial operations at firms such as Groq, Conga, ServiceMax and GE (Key Developments).
BNRG
US$0.64
Brenmiller Energy
7D
-3.1%
1Y
-98.5%
BW
US$15.72
Babcock & Wilcox Enterprises
7D
5.8%
1Y
4,681.0%
NNE
US$21.38
NANO Nuclear Energy
7D
5.4%
1Y
-0.3%
PPSI
US$3.34
Pioneer Power Solutions
7D
5.0%
1Y
36.9%
NRGV
US$3.20
Energy Vault Holdings
7D
-9.1%
1Y
343.0%

NRGV: AI Infrastructure And Asset Platform Will Drive Future Cash Generation

Analysts have lifted their price target on Energy Vault Holdings to about $4.18 from roughly $3.65, reflecting updated views on fair value, expected revenue growth, profit margin assumptions, the discount rate, and future P/E estimates. What's in the News Energy Vault issued revenue guidance for 2026 in a range of US$225 million to US$300 million, with management commentary attributing the outlook to timing of U.S. battery deliveries, third party project schedules, Asset Vault operations, and early AI infrastructure contributions (Corporate guidance).
BWEN
US$2.04
Broadwind
7D
3.6%
1Y
29.1%
GEV
US$898.57
GE Vernova
7D
5.3%
1Y
231.0%
FPS
US$28.87
Forgent Power Solutions
7D
-5.8%
1Y
n/a
SMR
US$10.15
NuScale Power
7D
-1.5%
1Y
-19.4%

SMR: DOE Fuel Support And ENTRA1 Progress Will Drive Long Term Deployment

The updated analyst price target for NuScale Power edges down by about $0.54, with analysts citing a mix of reduced P/E expectations, a slightly higher discount rate, and ongoing commercialization timelines that still rely on long, multi-step project decisions. Analyst Commentary Recent Street research on NuScale Power points to a mixed setup, with several price target cuts clustered together and a wide range of views on execution risk, funding, and commercialization timelines.
PSIX
US$67.55
Power Solutions International
7D
13.3%
1Y
232.8%
OPTT
US$0.37
Ocean Power Technologies
7D
10.7%
1Y
10.3%