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U.S. Heavy Electrical Equipment Industry Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies23
  • 7D-3.4%
  • 3M11.1%
  • 1Y65.0%
  • YTDn/a

Over the last 7 days, the Heavy Electrical Equipment industry has dropped 3.4%, driven by a pullback from GE Vernova of 3.5%. Meanwhile, Babcock & Wilcox Enterprises actually outperformed within the industry, gaining 12% in the last week. This takes the industry's 12 month performance to a gain of 65%. Earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Jan 2026US$224.0bUS$40.5bUS$626.9m14.7x357.4x5.5x
Tue, 23 Dec 2025US$209.3bUS$40.5bUS$626.9m14.1x333.9x5.2x
Thu, 20 Nov 2025US$188.4bUS$40.5bUS$643.1m15x292.9x4.6x
Sat, 18 Oct 2025US$211.3bUS$39.2bUS$756.2m79.7x279.4x5.4x
Mon, 15 Sep 2025US$201.1bUS$39.1bUS$764.9m147.3x262.9x5.1x
Wed, 13 Aug 2025US$201.7bUS$39.1bUS$769.7m87.3x262x5.2x
Fri, 11 Jul 2025US$168.6bUS$38.1bUS$1.5b47.7x110.7x4.4x
Sun, 08 Jun 2025US$150.7bUS$38.1bUS$1.5b40.9x98.9x4x
Tue, 06 May 2025US$119.2bUS$38.0bUS$1.6b29.8x72.8x3.1x
Thu, 03 Apr 2025US$98.6bUS$37.2bUS$1.2b28.7x81.1x2.7x
Sat, 01 Mar 2025US$103.3bUS$37.2bUS$1.4b36.9x76.2x2.8x
Mon, 27 Jan 2025US$129.5bUS$37.0bUS$1.3b46.4x103x3.5x
Wed, 25 Dec 2024US$110.7bUS$36.5bUS$971.5m44.8x114x3x
Fri, 22 Nov 2024US$111.4bUS$36.5bUS$968.7m13.2x115x3.1x
Sun, 20 Oct 2024US$86.9bUS$36.1bUS$710.8m9.3x122.3x2.4x
Tue, 17 Sep 2024US$71.2bUS$36.1bUS$711.3m7.5x100.1x2x
Thu, 15 Aug 2024US$59.0bUS$36.1bUS$654.7m6.3x90x1.6x
Sat, 13 Jul 2024US$59.5bUS$35.6b-US$866,333,490.008.8x-68.7x1.7x
Mon, 10 Jun 2024US$54.2bUS$35.6b-US$808,973,419.0010.4x-67x1.5x
Wed, 08 May 2024US$52.7bUS$35.6b-US$832,792,419.006.8x-63.3x1.5x
Fri, 05 Apr 2024US$18.8bUS$2.0b-US$572,912,218.007.3x-32.9x9.6x
Sun, 03 Mar 2024US$17.0bUS$1.9b-US$612,039,218.0014.7x-27.7x8.7x
Tue, 30 Jan 2024US$30.6bUS$14.6b-US$2,458,191,419.0014x-12.4x2.1x
Thu, 28 Dec 2023US$29.1bUS$14.6b-US$2,458,191,419.0016.6x-11.8x2x
Sat, 25 Nov 2023US$28.3bUS$14.6b-US$2,454,725,201.0012.8x-11.5x1.9x
Mon, 23 Oct 2023US$25.5bUS$14.3b-US$2,359,459,201.002x-10.8x1.8x
Wed, 20 Sep 2023US$30.0bUS$14.3b-US$2,359,459,201.002.2x-12.7x2.1x
Fri, 18 Aug 2023US$30.2bUS$14.3b-US$2,346,012,201.002.2x-12.9x2.1x
Sun, 16 Jul 2023US$22.0bUS$14.2b-US$2,185,370,201.002.2x-10.1x1.5x
Tue, 13 Jun 2023US$20.3bUS$14.3b-US$2,125,942,653.002.2x-9.6x1.4x
Thu, 11 May 2023US$19.1bUS$14.2b-US$2,130,137,258.00338x-9x1.3x
Sat, 08 Apr 2023US$19.1bUS$14.0b-US$2,115,674,176.002.6x-9x1.4x
Mon, 06 Mar 2023US$8.7bUS$3.0b-US$570,482,893.002.6x-15.2x2.9x
Wed, 01 Feb 2023US$10.5bUS$4.6b-US$521,071,027.006.1x-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 67.7x202420252026
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 357x which is higher than its 3-year average PE of 67.7x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 5.5x.
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 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-0.36%
Industrials-1.53%
Electrical-1.04%
Heavy Electrical Equipment-3.36%
Electrical Components-0.022%
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
BW Babcock & Wilcox EnterprisesUS$9.4512.2%
+US$114.4m		547.3%PS1.5x
PSIX Power Solutions InternationalUS$77.251.6%
+US$28.8m		79.7%PE14.7x
OPTT Ocean Power TechnologiesUS$0.4610.9%
+US$8.9m		-45.0%PS24.2x
POLA Polar PowerUS$1.796.5%
+US$292.5k		-43.9%PS0.6x

Latest News

SMR
US$19.77
NuScale Power
7D
-2.1%
1Y
-29.3%

SMR: Future Government Reactor Support Will Unlock ENTRA1 Fleet Deployment Path

Narrative Update on NuScale Power Analysts have trimmed their implied fair value for NuScale Power to about $34.19 from $35.50, citing updated assumptions around deployment timing, working capital needs tied to the Partnership Milestone Agreement, and shifts in relative appeal across the renewables group as reflected in recent price target changes. Analyst Commentary Recent Street research around NuScale Power highlights a mix of optimism about long term potential and concern about execution timing and capital needs.
BW
US$9.45
Babcock & Wilcox Enterprises
7D
12.2%
1Y
547.3%
GEV
US$657.78
GE Vernova
7D
-3.5%
1Y
56.4%
BE
US$144.89
Bloom Energy
7D
-3.1%
1Y
386.0%

BE: Future Premium Multiple Will Likely Exceed Realistic Profit Margin Potential

Narrative Update: Bloom Energy Analyst Price Target Shift Analysts now place fair value for Bloom Energy at US$39.00 versus the prior US$14.00, citing updated assumptions that include higher modeled revenue growth of 34.96%, a P/E of 27.74, a profit margin estimate of 10.48%, and a slightly higher 9.33% discount rate. Valuation Changes Fair Value Estimate increased from about US$14.00 to US$39.00, representing roughly a threefold change in the modeled valuation anchor.
NRGV
US$5.44
Energy Vault Holdings
7D
-4.9%
1Y
159.0%

NRGV: Heavy Reliance On $40M Tax Credits Will Pressure Future Cash Generation

Analysts lifted their price target on Energy Vault Holdings to US$2.00 from US$1.50, citing revenue and adjusted EBITDA that were in line with expectations, reaffirmed 2025 revenue guidance, and recent progress on cash generation supported by the planned monetization of US$40m in Investment Tax Credits. Analyst Commentary Bullish Takeaways Bullish analysts view the higher US$2.00 price target as recognition that recent execution on revenue and adjusted EBITDA is tracking in line with expectations, which can support confidence in the company’s current valuation framework.
BWEN
US$3.23
Broadwind
7D
-9.5%
1Y
78.5%
NNE
US$34.73
NANO Nuclear Energy
7D
-2.6%
1Y
-22.0%
OPTT
US$0.46
Ocean Power Technologies
7D
10.9%
1Y
-45.0%
NKLR
US$6.07
Terra Innovatum Global
7D
-8.7%
1Y
-38.7%

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

Dec 22
POLA
US$1.79
Polar Power
7D
6.5%
1Y
-43.9%
NPWR
US$2.44
NET Power
7D
-7.6%
1Y
-75.5%
PSIX
US$77.25
Power Solutions International
7D
1.6%
1Y
79.7%