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U.S. Heavy Electrical Equipment Industry Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies24
  • 7D1.6%
  • 3M34.9%
  • 1Y124.3%
  • YTDn/a

Over the last 7 days, the Heavy Electrical Equipment industry has risen 1.6%, driven by gains from GE Vernova of 2.9%. In the same time, NuScale Power was down 18%. This takes the industry's 12 month performance to a gain of 124%. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026US$275.0bUS$42.1bUS$3.7b31.5x73.9x6.5x
Wed, 14 Jan 2026US$217.1bUS$40.5bUS$626.9m17.9x346.4x5.4x
Fri, 12 Dec 2025US$231.2bUS$40.5bUS$639.4m15.6x361.7x5.7x
Sun, 09 Nov 2025US$201.7bUS$40.5bUS$1.1b53.3x192x5x
Tue, 07 Oct 2025US$200.1bUS$39.2bUS$756.2m79.8x264.6x5.1x
Thu, 04 Sep 2025US$185.0bUS$39.1bUS$764.9m135.9x241.8x4.7x
Sat, 02 Aug 2025US$207.9bUS$39.1bUS$762.7m89.6x272.7x5.3x
Mon, 30 Jun 2025US$156.0bUS$38.1bUS$1.5b46.1x102.4x4.1x
Wed, 28 May 2025US$144.3bUS$38.1bUS$1.5b40.6x94.7x3.8x
Fri, 25 Apr 2025US$102.1bUS$37.9bUS$1.6b29.6x63.6x2.7x
Sun, 23 Mar 2025US$105.6bUS$37.1bUS$1.2b27.9x88x2.8x
Tue, 18 Feb 2025US$117.4bUS$37.0bUS$1.3b40.9x93.5x3.2x
Thu, 16 Jan 2025US$119.4bUS$36.5bUS$970.4m49.8x123.1x3.3x
Sat, 14 Dec 2024US$106.2bUS$36.5bUS$968.2m42.5x109.7x2.9x
Mon, 11 Nov 2024US$107.2bUS$36.7bUS$950.3m9x112.8x2.9x
Wed, 09 Oct 2024US$82.4bUS$36.1bUS$713.9m9.1x115.4x2.3x
Fri, 06 Sep 2024US$63.9bUS$36.1bUS$713.1m8.1x89.6x1.8x
Sun, 04 Aug 2024US$54.3bUS$35.7bUS$576.8m7.8x94.2x1.5x
Tue, 02 Jul 2024US$57.4bUS$35.6b-US$809,130,613.008.4x-71x1.6x
Thu, 30 May 2024US$59.4bUS$35.6b-US$808,973,419.0010.6x-73.4x1.7x
Sat, 27 Apr 2024US$48.4bUS$35.6b-US$825,912,218.006.8x-58.7x1.4x
Mon, 25 Mar 2024US$18.0bUS$2.0b-US$571,101,218.006.6x-31.5x9.1x
Wed, 21 Feb 2024US$17.0bUS$3.5b-US$838,088,470.0015.4x-20.3x4.8x
Fri, 19 Jan 2024US$30.2bUS$14.6b-US$2,458,191,419.0014.3x-12.3x2.1x
Sun, 17 Dec 2023US$28.6bUS$14.6b-US$2,458,191,419.0017.4x-11.6x2x
Tue, 14 Nov 2023US$28.1bUS$14.6b-US$2,521,005,201.001.4x-11.2x1.9x
Thu, 12 Oct 2023US$29.3bUS$14.3b-US$2,359,459,201.002x-12.4x2x
Sat, 09 Sep 2023US$30.1bUS$14.3b-US$2,346,012,201.002.2x-12.8x2.1x
Mon, 07 Aug 2023US$24.3bUS$14.3b-US$2,188,435,201.002.2x-11.1x1.7x
Wed, 05 Jul 2023US$21.6bUS$14.2b-US$2,180,983,201.002.2x-9.9x1.5x
Fri, 02 Jun 2023US$18.8bUS$14.3b-US$2,126,756,528.002.2x-8.8x1.3x
Sun, 30 Apr 2023US$19.6bUS$14.1b-US$2,132,689,773.00275.7x-9.2x1.4x
Tue, 28 Mar 2023US$18.6bUS$13.9b-US$2,101,144,688.002.6x-8.9x1.3x
Thu, 23 Feb 2023US$8.6bUS$3.1b-US$615,781,893.002.6x-13.9x2.7x
Price to Earnings Ratio

-13.9x


Total Market Cap: US$8.6bTotal Earnings: -US$615,781,893.00Total Revenue: US$3.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Heavy Electrical Equipment Industry Price to Earnings3Y Average 70.4x202420252026
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 73.9x which is higher than its 3-year average PE of 70.4x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 6.5x.
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 137% 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-1.34%
Industrials0.20%
Electrical2.24%
Heavy Electrical Equipment1.56%
Electrical Components2.57%
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
PSIX Power Solutions InternationalUS$98.7714.3%
+US$284.3m		155.4%PE18.8x
GEV GE VernovaUS$802.130.07%
+US$159.0m		118.2%PE44.3x
FPS Forgent Power SolutionsUS$33.590.3%
+US$104.3m		n/aPE414.1x
BW Babcock & Wilcox EnterprisesUS$9.752.4%
+US$25.6m		655.8%PS1.5x
BWEN BroadwindUS$2.410.4%
+US$232.0k		39.3%PE10.8x

Latest News

NRGV
US$3.19
Energy Vault Holdings
7D
-23.9%
1Y
95.7%
BWEN
US$2.41
Broadwind
7D
0.4%
1Y
39.3%
NNE
US$24.79
NANO Nuclear Energy
7D
-13.1%
1Y
-23.7%
GEV
US$802.13
GE Vernova
7D
0.07%
1Y
118.2%

GEV: Buybacks And Grid Projects Will Support Balanced Long Term Returns

Analysts have raised their price targets on GE Vernova, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E, which together support a higher implied valuation for the stock. What's in the News Onshore Wind business received 2025 orders to repower 1.1 GW of U.S. onshore wind turbines, using U.S. manufactured nacelles and drive trains from the Pensacola, Florida facility, with projects expected to reach commercial operation between 2026 and 2027 (Key Developments).
SMR
US$14.31
NuScale Power
7D
-19.1%
1Y
-38.0%

SMR: Future Government Backing And ENTRA1 Milestones Will Drive Deployment Visibility

Analysts have trimmed their price targets on NuScale Power, with the modelled fair value edging down from US$34.19 to US$33.96 as they factor in updated deployment timing, funding needs, and revised future P/E assumptions, while still reflecting expectations for improved profit margins. Analyst Commentary Recent Street research on NuScale Power points to a split view, with some focusing on the long term opportunity in small modular reactors and others concentrating on execution risk and timing of key contracts.
BE
US$139.74
Bloom Energy
7D
-9.9%
1Y
449.9%

Upgrade: Analysts Just Made A Substantial Increase To Their Bloom Energy Corporation (NYSE:BE) Forecasts

Feb 07
Upgrade: Analysts Just Made A Substantial Increase To Their Bloom Energy Corporation (NYSE:BE) Forecasts
FPS
US$33.59
Forgent Power Solutions
7D
0.3%
1Y
n/a

Forgent Power Solutions: Does It Have The Power?

Feb 06
OPTT
US$0.44
Ocean Power Technologies
7D
-7.6%
1Y
-41.4%
BW
US$9.75
Babcock & Wilcox Enterprises
7D
2.4%
1Y
655.8%
BNRG
US$1.52
Brenmiller Energy
7D
-44.5%
1Y
-95.9%
NKLR
US$4.22
Terra Innovatum Global
7D
-8.3%
1Y
-57.6%

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

Dec 22
NPWR
US$2.13
NET Power
7D
-0.5%
1Y
-72.5%
PSIX
US$98.77
Power Solutions International
7D
14.3%
1Y
155.4%