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U.S. Electrical Industry Analysis

UpdatedJul 02, 2026
DataAggregated Company Financials
Companies134
  • 7D0.8%
  • 3M25.0%
  • 1Y71.6%
  • YTD44.4%

In the last week, the Electrical industry is up 5.6%, with GE Vernova up 14%. During this same period, the Bloom Energy underperformed, falling 6.0%. In the last 12 months, the industry was up 77%. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026US$1.1tUS$171.8bUS$20.1b39.7x55.4x6.5x
Sat, 30 May 2026US$1.0tUS$172.3bUS$19.9b40.1x52.1x6x
Mon, 27 Apr 2026US$1.0tUS$169.5bUS$19.6b33.8x53.4x6.2x
Wed, 25 Mar 2026US$845.1bUS$167.2bUS$15.0b32.7x56.5x5.1x
Fri, 20 Feb 2026US$866.1bUS$166.6bUS$11.2b34.8x77.3x5.2x
Sun, 18 Jan 2026US$757.7bUS$162.0bUS$7.4b33.1x101.7x4.7x
Tue, 16 Dec 2025US$706.9bUS$161.8bUS$7.4b31.8x95.3x4.4x
Thu, 13 Nov 2025US$711.8bUS$161.9bUS$7.9b30.2x89.6x4.4x
Sat, 11 Oct 2025US$705.4bUS$157.3bUS$7.3b28.2x96.3x4.5x
Mon, 08 Sep 2025US$646.6bUS$157.1bUS$7.4b30.1x87.5x4.1x
Wed, 06 Aug 2025US$684.2bUS$156.3bUS$7.0b28.6x98.3x4.4x
Fri, 04 Jul 2025US$619.0bUS$153.6bUS$7.4b28.5x83.5x4x
Sun, 01 Jun 2025US$542.5bUS$153.4bUS$7.4b26x73.7x3.5x
Tue, 29 Apr 2025US$467.8bUS$152.8bUS$7.1b22.7x65.6x3.1x
Thu, 27 Mar 2025US$485.6bUS$151.5bUS$6.4b23.9x75.6x3.2x
Sat, 22 Feb 2025US$500.8bUS$151.4bUS$9.9b24.6x50.8x3.3x
Mon, 20 Jan 2025US$566.6bUS$151.1bUS$9.2b23.5x61.5x3.7x
Wed, 18 Dec 2024US$557.0bUS$151.1bUS$9.3b23.9x60x3.7x
Fri, 15 Nov 2024US$564.4bUS$152.3bUS$8.9b25x63.1x3.7x
Sun, 13 Oct 2024US$508.0bUS$151.2bUS$7.4b19.8x68.3x3.4x
Tue, 10 Sep 2024US$427.7bUS$151.3bUS$7.3b17.5x58.3x2.8x
Thu, 08 Aug 2024US$415.9bUS$151.1bUS$7.5b16.5x55.2x2.8x
Sat, 06 Jul 2024US$468.5bUS$157.0bUS$5.8b19x80.1x3x
Mon, 03 Jun 2024US$495.6bUS$159.6bUS$6.2b21x80.1x3.1x
Wed, 01 May 2024US$465.9bUS$159.6bUS$7.5b20.8x61.7x2.9x
Fri, 29 Mar 2024US$452.6bUS$126.0bUS$7.9b22.1x57.2x3.6x
Sun, 25 Feb 2024US$416.4bUS$127.9bUS$9.4b19.4x44.4x3.3x
Tue, 23 Jan 2024US$396.9bUS$139.2bUS$7.9b19.1x50x2.9x
Thu, 21 Dec 2023US$402.3bUS$139.3bUS$7.9b20.1x50.8x2.9x
Sat, 18 Nov 2023US$363.4bUS$139.2bUS$8.0b18.7x45.5x2.6x
Mon, 16 Oct 2023US$368.1bUS$144.1bUS$11.5b18.2x32.1x2.6x
Wed, 13 Sep 2023US$400.9bUS$144.2bUS$11.6b20.7x34.6x2.8x
Fri, 11 Aug 2023US$394.5bUS$144.7bUS$12.0b19.9x32.8x2.7x
Sun, 09 Jul 2023US$355.7bUS$130.9bUS$7.8b25.3x45.6x2.7x
Price to Earnings Ratio

45.6x


Total Market Cap: US$355.7bTotal Earnings: US$7.8bTotal Revenue: US$130.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 64.4x202420252026
Current Industry PE
  • Investors are pessimistic on the American Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 52.7x which is lower than its 3-year average PE of 64.4x.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 9.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market1.64%
Industrials0.39%
Electrical0.75%
Heavy Electrical Equipment1.56%
Electrical Components0.24%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 55.2x.
    • Analysts expect its future annual earnings growth (19.1%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 79.7x.
Forecasted Growth
  • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GEV GE VernovaUS$1.13k7.3%
+US$20.6b		124.6%PE32.5x
ETN EatonUS$412.311.9%
+US$3.0b		15.1%PE40.1x
ROK Rockwell AutomationUS$482.824.9%
+US$2.5b		40.9%PE49.5x
AYI AcuityUS$367.5320.3%
+US$1.7b		20.1%PE23.1x
VICR VicorUS$350.218.7%
+US$1.3b		663.8%PE116.8x

Latest News

VICR
US$350.21
Vicor
7D
8.7%
1Y
663.8%
FCEL
US$31.89
FuelCell Energy
7D
47.9%
1Y
499.4%
Seeking Alpha • 17h

FuelCell Energy: Data-Center Power Makes The Risk Worth Taking

Summary I recommend a buy rating for FuelCell Energy (FCEL) due to its emerging data-center power demand and standardized product offering. FCEL’s 12.5 MW standardized Energy Block targets rapid, repeatable deployments, with a proposal pipeline exceeding 5 GW—90% tied to data centers. The Fit Energy agreement secures an initial 30 MW tranche, validating FCEL’s data-center strategy and supporting a 380 MW framework. FCEL’s Torrington facility expansion to 500 MW annual capacity underpins the revenue ramp thesis, though execution and order conversion risks remain. Read the full article on Seeking Alpha
GEV
US$1,134.35
GE Vernova
7D
7.3%
1Y
124.6%
INIO
US$38.13
Innio
7D
4.5%
1Y
n/a
Seeking Alpha • Jun 30

INNIO: Solid Data Center Power Demand

Summary I am initiating INNIO N.V. with a Buy rating, driven by surging data-center power demand translating into orders and backlog. INIO’s equipment order intake soared to ~$3.9 billion for FY2025, with data-center orders now dominating and transforming its growth profile. The company’s service segment, representing nearly half of revenue, provides a recurring, high-margin revenue tail as the installed base expands. While INIO trades at ~56x 2025 EBITDA, I see a credible path to $1.3 billion–$1.4 billion EBITDA by FY2028, justifying significant upside. Read the full article on Seeking Alpha
NVT
US$159.99
nVent Electric
7D
-4.5%
1Y
117.9%
Narrative Update • Jun 30

NVT: AI Data Center Hype And Rich P/E Will Pressure Returns

Analysts have raised their fair value estimate for nVent Electric from $116.20 to $145.21, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that support a higher price target range. What’s in the News for nVent Electric nVent Electric reports record sales, orders, and backlog tied to demand for AI data center infrastructure, particularly liquid cooling solutions, according to recent coverage.
BE
US$289.50
Bloom Energy
7D
-11.2%
1Y
1,183.2%
POWL
US$264.86
Powell Industries
7D
-10.1%
1Y
263.6%
VRT
US$311.42
Vertiv Holdings Co
7D
-1.6%
1Y
150.5%
Seeking Alpha • Jun 30

Vertiv: Selling The Bottleneck, Billing At The Pace Of The Build

Summary Vertiv Holdings strengthens its thermal solutions moat with the ThermoKey acquisition, completing its end-to-end data center cooling portfolio. VRT's integrated approach enables hyperscalers to minimize execution risk and pay a premium for a single-vendor thermal loop, supporting robust backlog and margins. Key risks include potential delays in data center deployments due to grid and water constraints, with revenue recognition tied to actual deployments, not orders. At 35x EBITDA, VRT is a Hold; I await EMEA recovery and margin confirmation in Q2 results before considering a more bullish stance. Read the full article on Seeking Alpha
FPS
US$49.90
Forgent Power Solutions
7D
-17.0%
1Y
n/a
AYI
US$367.53
Acuity
7D
20.3%
1Y
20.1%
Analysis Article • Jun 29

Acuity Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Shareholders of Acuity Inc. ( NYSE:AYI ) will be pleased this week, given that the stock price is up 13% to US$362...
HUBB
US$490.12
Hubbell
7D
-5.4%
1Y
18.1%
ETN
US$412.31
Eaton
7D
1.9%
1Y
15.1%
Narrative Update • Jun 26

ETN: AI Data Center Story Will Face Mobility Deal Execution Risks

Analysts have lifted their blended price target for Eaton to about $346 from roughly $329, reflecting updated views on its earnings power, margin profile and valuation multiples following a series of recent research revisions. Analyst Commentary Recent research updates on Eaton highlight a mix of optimism on the earnings and margin story alongside a more restrained tone from some corners of the Street.
RRX
US$229.36
Regal Rexnord
7D
4.9%
1Y
51.1%
Narrative Update • Jun 25

RRX: Data Center Demand And Backlog Will Support Repricing Potential

The analyst price target for Regal Rexnord has shifted modestly higher to $252.40, with analysts pointing to supportive data center demand, a projected rebound in short-cycle industrial activity, and updated sector views on automation stocks as the main drivers behind the change. Analyst Commentary Recent research on Regal Rexnord highlights both supportive trends and execution questions that matter for anyone weighing the current valuation.
ROK
US$482.82
Rockwell Automation
7D
4.9%
1Y
40.9%
GNRC
US$270.22
Generac Holdings
7D
-4.9%
1Y
79.4%
Narrative Update • Jun 23

GNRC: Data Center Contracts And Fair Valuation Will Shape The Next Upswing

Generac Holdings' updated analyst fair value estimate has shifted to $284.00 from $203.41, supported by analysts citing higher confidence in the earnings trajectory and potential upside from data center contract opportunities. These factors are reflected in recent price target increases from firms such as UBS and Jefferies.
EMR
US$139.52
Emerson Electric
7D
-1.4%
1Y
1.3%
Narrative Update • Jun 22

EMR: Long Term Energy Projects And Industrial AI Partnerships Will Shape Returns

Emerson Electric's analyst price target has been nudged slightly lower by less than $1 as analysts balance mixed ratings and revised targets, while also noting that the company has exposure to long-term demand trends and limited software risk from AI. Analyst Commentary Recent research on Emerson Electric highlights a mix of enthusiasm about its exposure to long-term demand trends and caution around execution risks and valuation, which helps explain the small adjustment in the overall analyst price target picture.