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U.S. Heavy Electrical Equipment Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies23
  • 7D-2.4%
  • 3M21.8%
  • 1Y153.8%
  • YTDn/a

Over the last 7 days, the Heavy Electrical Equipment industry has dropped 2.4%, driven by GE Vernova declining 3.0%. Over the past 12 months, the industry was up 154%. 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 Mar 2026US$277.8bUS$42.1bUS$3.7b11.5x75.2x6.6x
Wed, 11 Feb 2026US$280.1bUS$42.0bUS$3.7b15.9x75.2x6.7x
Fri, 09 Jan 2026US$216.1bUS$40.5bUS$626.9m16.8x344.6x5.3x
Sun, 07 Dec 2025US$210.7bUS$40.5bUS$639.0m15x329.8x5.2x
Tue, 04 Nov 2025US$208.8bUS$40.4bUS$1.3b55.5x161.2x5.2x
Thu, 02 Oct 2025US$202.7bUS$39.2bUS$756.2m80.9x268.1x5.2x
Sat, 30 Aug 2025US$200.3bUS$39.1bUS$764.9m144.3x261.9x5.1x
Mon, 28 Jul 2025US$203.5bUS$39.0bUS$743.5m88.7x273.8x5.2x
Wed, 25 Jun 2025US$160.1bUS$38.1bUS$1.5b45.1x105.1x4.2x
Fri, 23 May 2025US$137.2bUS$38.1bUS$1.5b39.7x90x3.6x
Sun, 20 Apr 2025US$98.6bUS$37.2bUS$1.2b32.5x80.7x2.7x
Tue, 18 Mar 2025US$100.0bUS$37.2bUS$1.2b27.9x80.6x2.7x
Thu, 13 Feb 2025US$119.3bUS$37.0bUS$1.3b41.1x94.9x3.2x
Sat, 11 Jan 2025US$116.2bUS$36.5bUS$970.4m47.6x119.7x3.2x
Mon, 09 Dec 2024US$112.7bUS$36.5bUS$968.7m13.1x116.3x3.1x
Wed, 06 Nov 2024US$92.0bUS$36.7bUS$784.8m8.8x117.2x2.5x
Fri, 04 Oct 2024US$79.4bUS$36.1bUS$713.5m10.6x111.3x2.2x
Sun, 01 Sep 2024US$64.7bUS$36.1bUS$713.1m8.2x90.7x1.8x
Tue, 30 Jul 2024US$58.0bUS$35.7bUS$576.8m8.1x100.5x1.6x
Thu, 27 Jun 2024US$60.4bUS$35.6b-US$809,130,613.009x-74.7x1.7x
Sat, 25 May 2024US$54.0bUS$35.6b-US$808,973,419.0010.6x-66.7x1.5x
Mon, 22 Apr 2024US$42.7bUS$35.2b-US$1,010,912,218.006.6x-42.2x1.2x
Wed, 20 Mar 2024US$18.7bUS$2.0b-US$573,621,218.006.7x-32.6x9.5x
Fri, 16 Feb 2024US$17.6bUS$3.6b-US$889,771,470.0015.3x-19.7x4.9x
Sun, 14 Jan 2024US$27.9bUS$14.6b-US$2,458,191,419.0014.5x-11.4x1.9x
Tue, 12 Dec 2023US$28.3bUS$14.6b-US$2,455,822,419.0017.4x-11.5x1.9x
Thu, 09 Nov 2023US$28.1bUS$14.5b-US$2,400,668,201.001.4x-11.7x1.9x
Sat, 07 Oct 2023US$28.9bUS$14.3b-US$2,359,459,201.002.2x-12.3x2x
Mon, 04 Sep 2023US$30.0bUS$14.3b-US$2,346,012,201.002.2x-12.8x2.1x
Wed, 02 Aug 2023US$24.6bUS$14.2b-US$2,185,370,201.002.2x-11.2x1.7x
Fri, 30 Jun 2023US$21.9bUS$14.3b-US$2,186,440,653.002.2x-10x1.5x
Sun, 28 May 2023US$18.8bUS$14.3b-US$2,126,756,528.002.2x-8.9x1.3x
Tue, 25 Apr 2023US$19.7bUS$14.1b-US$2,134,075,456.00283.3x-9.2x1.4x
Thu, 23 Mar 2023US$18.6bUS$14.0b-US$2,111,145,065.002.6x-8.8x1.3x
Price to Earnings Ratio

-8.8x


Total Market Cap: US$18.6bTotal Earnings: -US$2,111,145,065.00Total Revenue: US$14.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Heavy Electrical Equipment Industry Price to Earnings3Y Average 72.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Heavy Electrical Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 72.8x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 6.6x.
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 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 Market-2.40%
Industrials-3.83%
Electrical-1.97%
Heavy Electrical Equipment-2.44%
Electrical Components-1.72%
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$154.512.1%
+US$894.9m		538.7%PS21.4x
PSIX Power Solutions InternationalUS$56.748.4%
+US$101.4m		71.5%PE11.5x
NRGV Energy Vault HoldingsUS$3.304.8%
+US$25.2m		189.5%PS6.6x
NKLR Terra Innovatum GlobalUS$4.151.5%
+US$6.6m		-58.5%PE-81.2x
POLA Polar PowerUS$1.8327.1%
+US$1.0m		-32.0%PS0.6x

Latest News

BWEN
US$2.19
Broadwind
7D
-6.0%
1Y
52.1%
OPTT
US$0.38
Ocean Power Technologies
7D
-7.5%
1Y
-25.6%
BW
US$10.51
Babcock & Wilcox Enterprises
7D
-22.1%
1Y
1,006.3%
NKLR
US$4.15
Terra Innovatum Global
7D
1.5%
1Y
-58.5%
SMR
US$11.80
NuScale Power
7D
-3.0%
1Y
-33.0%

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

Analysts have revised our fair value estimate for NuScale Power to $21.27 from $33.96, reflecting broadly lower Street price targets in the $11.50 to $21 range as they balance long commercialization timelines, near term financing overhangs, and ongoing project progress at RoPower and ENTRA1/TVA. Analyst Commentary Recent Street research shows a wide range of opinions on NuScale Power, with many firms trimming price targets while still highlighting specific positives and risks that matter for valuation and execution.
BE
US$154.51
Bloom Energy
7D
2.1%
1Y
538.7%

Bloom Energy Corp (BE): The AI "Bridge-to-Power" – Scaling to 2GW Capacity for the Next-Gen Data Center.

Bloom Energy has transitioned from a clean-energy alternative into a critical infrastructure provider for the AI revolution. Trading at $135.19 as of the March 6, 2026, close, the stock has experienced a sharp 15.5% "digestion" pullback from its recent highs above $180, despite fundamentally strong momentum.
GEV
US$805.02
GE Vernova
7D
-3.0%
1Y
142.5%

GEV: Long Term Equipment Contracts Will Support Stronger Future Returns

Analysts have lifted their price target on GE Vernova to $1,019, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin, and future P/E that support a steady valuation framework. What's in the News OPC Energy agreed to purchase main equipment from GE Vernova for the Hadera 2 natural gas power project in Israel, covering gas and steam turbines, auxiliary systems, and a maintenance agreement.
NNE
US$22.82
NANO Nuclear Energy
7D
-3.6%
1Y
-25.4%

Long-Term AI Power Demand And Fuel Integration Will Support This Nuclear Microreactor Opportunity

Catalysts About NANO Nuclear Energy NANO Nuclear Energy is developing compact microreactors and building capabilities across the nuclear fuel supply chain to serve power intensive customers. What are the underlying business or industry changes driving this perspective?
NRGV
US$3.30
Energy Vault Holdings
7D
4.8%
1Y
189.5%

NRGV: AI Data Center Partnerships Will Support Future Cash Generation

Analysts have trimmed their price target on Energy Vault Holdings slightly to $3.65 from $3.73, reflecting updated assumptions around discount rates, profit margins, and future P/E expectations. What's in the News Energy Vault and Crusoe agreed on a framework to deploy Crusoe Spark modular data centers at Energy Vault's Snyder, Texas technology center, with capacity scalable up to 25 MW of load starting in 2026 (Client Announcements).
PSIX
US$56.74
Power Solutions International
7D
8.4%
1Y
71.5%
FPS
US$30.97
Forgent Power Solutions
7D
-10.2%
1Y
n/a
NPWR
US$1.71
NET Power
7D
-11.9%
1Y
-47.1%
POLA
US$1.83
Polar Power
7D
27.1%
1Y
-32.0%