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U.S. Electrical Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies133
  • 7D3.0%
  • 3M15.3%
  • 1Y114.0%
  • YTD16.2%

The Electrical industry is up 3.0% in the last week, with GE Vernova up 5.3%. During this same period, the Nextpower underperformed, falling 5.8%. This takes the industry's 12 month performance to a gain of 114%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$850.5bUS$167.6bUS$14.7b32.9x57.7x5.1x
Tue, 03 Mar 2026US$881.1bUS$167.2bUS$14.3b33.3x61.8x5.3x
Thu, 29 Jan 2026US$769.3bUS$162.6bUS$10.6b33.5x72.3x4.7x
Sat, 27 Dec 2025US$704.1bUS$161.8bUS$7.4b30.3x94.9x4.4x
Mon, 24 Nov 2025US$653.5bUS$161.9bUS$7.4b30.6x88x4x
Wed, 22 Oct 2025US$710.5bUS$157.3bUS$7.3b30.8x97x4.5x
Fri, 19 Sep 2025US$669.1bUS$157.1bUS$7.3b30.3x91.2x4.3x
Sun, 17 Aug 2025US$649.5bUS$157.0bUS$7.4b32.4x87.5x4.1x
Tue, 15 Jul 2025US$623.8bUS$153.6bUS$7.4b27.5x84.1x4.1x
Thu, 12 Jun 2025US$562.2bUS$153.4bUS$7.4b26x75.6x3.7x
Sat, 10 May 2025US$497.6bUS$153.1bUS$7.4b22.4x66.9x3.3x
Mon, 07 Apr 2025US$391.3bUS$151.6bUS$6.6b21.1x59.4x2.6x
Wed, 05 Mar 2025US$470.1bUS$151.6bUS$6.5b23.4x72.3x3.1x
Fri, 31 Jan 2025US$530.7bUS$151.6bUS$9.6b23.9x55.4x3.5x
Sun, 29 Dec 2024US$533.5bUS$151.1bUS$9.3b22.8x57.5x3.5x
Tue, 26 Nov 2024US$576.2bUS$150.5bUS$9.2b24.3x63x3.8x
Thu, 24 Oct 2024US$508.6bUS$152.2bUS$7.7b19x66.4x3.3x
Sat, 21 Sep 2024US$478.9bUS$151.2bUS$7.4b19x64.7x3.2x
Mon, 19 Aug 2024US$437.6bUS$151.3bUS$7.2b18.5x60.5x2.9x
Wed, 17 Jul 2024US$487.2bUS$157.0bUS$5.8b21.8x83.4x3.1x
Fri, 14 Jun 2024US$488.7bUS$159.6bUS$6.2b20.6x78.8x3.1x
Sun, 12 May 2024US$488.0bUS$160.6bUS$7.7b20.7x63.4x3x
Tue, 09 Apr 2024US$491.2bUS$159.1bUS$7.4b22.5x66.1x3.1x
Thu, 07 Mar 2024US$425.1bUS$126.0bUS$7.9b21.7x54x3.4x
Sat, 03 Feb 2024US$409.4bUS$140.2bUS$8.1b19x50.6x2.9x
Mon, 01 Jan 2024US$404.4bUS$139.3bUS$7.9b20.8x51.1x2.9x
Wed, 29 Nov 2023US$364.1bUS$139.0bUS$7.9b18x45.8x2.6x
Fri, 27 Oct 2023US$341.7bUS$144.3bUS$11.5b16.9x29.7x2.4x
Sun, 24 Sep 2023US$378.4bUS$144.2bUS$11.6b20.2x32.7x2.6x
Tue, 22 Aug 2023US$384.2bUS$144.2bUS$11.6b19.4x33.1x2.7x
Thu, 20 Jul 2023US$377.0bUS$131.0bUS$7.8b27.1x48.4x2.9x
Sat, 17 Jun 2023US$349.8bUS$131.1bUS$7.6b24.5x46x2.7x
Mon, 15 May 2023US$309.7bUS$130.8bUS$7.8b20.4x39.9x2.4x
Wed, 12 Apr 2023US$307.2bUS$128.1bUS$7.9b17.9x38.9x2.4x
Price to Earnings Ratio

38.9x


Total Market Cap: US$307.2bTotal Earnings: US$7.9bTotal Revenue: US$128.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 63.4x202420252026
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 57.7x which is lower than its 3-year average PE of 63.4x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 9.4% 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 Market3.46%
Industrials2.97%
Electrical2.99%
Heavy Electrical Equipment4.42%
Electrical Components2.27%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average PE ratio of 74.4x.
    • Analysts are expecting annual earnings growth of 24.7%, which is lower than the prior year's growth of 284.9% per year.
  • Investors are most pessimistic about the Electrical Components industry, which is trading close to its 3-year average of 53.3x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 25% over the next 5 years.
  • In contrast, the Electrical Components 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$898.575.3%
+US$12.2b		231.0%PE49.6x
VRT Vertiv Holdings CoUS$261.294.1%
+US$3.9b		339.8%PE75x
EMR Emerson ElectricUS$131.705.0%
+US$3.5b		39.3%PE32.1x
AME AMETEKUS$218.294.3%
+US$2.1b		43.0%PE33.8x
ROK Rockwell AutomationUS$365.023.8%
+US$1.5b		60.7%PE41.5x

Latest News

AYI
US$265.39
Acuity
7D
-1.6%
1Y
13.6%

Intelligent Building Platforms And Productivity Gains Will Drive Stronger Future Performance

Catalysts About Acuity Acuity develops lighting solutions and intelligent building and AV platforms through its Acuity Brands Lighting and Acuity Intelligent Spaces segments. What are the underlying business or industry changes driving this perspective?
VRT
US$261.29
Vertiv Holdings Co
7D
4.1%
1Y
339.8%

VRT: AI Data Center Manufacturing Expansion Will Drive Further Upside

Analysts have raised their price target on Vertiv Holdings Co. to $325 from $320. They cited updates to their models that reflect revised assumptions for revenue growth, profit margins, discount rate, and future P/E.
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).
TE
US$4.19
T1 Energy
7D
-27.3%
1Y
306.8%

TE: Future Returns Will Rely On Mo I Rana Power Expansion

Analysts have trimmed their price target on T1 Energy from $10.50 to $9.50, citing updated assumptions that combine a lower revenue growth outlook with a higher profit margin profile and a slightly reduced forward P/E multiple. What's in the News T1 Energy maintained its 2026 production and sales guidance, expecting 3.1 GW to 4.2 GW for the year, signaling no change to previously communicated volume expectations (corporate guidance).
AMSC
US$32.09
American Superconductor
7D
-4.8%
1Y
103.1%

AMSC: Superconductor Data Center Demand Will Support Future Grid Solutions

Analysts have adjusted their price target on American Superconductor to $52.33. This reflects updated assumptions around a slightly lower discount rate, revenue growth of 18.58%, a profit margin of 14.62% and a forward P/E of about 57.7x.
FLNC
US$13.30
Fluence Energy
7D
-6.0%
1Y
208.6%

FLNC: Backlog Coverage And New Contracts Will Drive Future Upside Potential

The analyst price target for Fluence Energy has been raised by a small amount to $18.56 from $18.11, as analysts factor in a slightly lower discount rate, steadier long term revenue growth and margin expectations, and higher assumed future P/E after a mix of recent upgrades, initiations, and both upward and downward target revisions across the Street. Analyst Commentary Recent Street research on Fluence Energy has been active, with a mix of initiations, upgrades, and target resets that contribute to a slight lift in the average price target.
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).
GEV
US$898.57
GE Vernova
7D
5.3%
1Y
231.0%
ROK
US$365.02
Rockwell Automation
7D
3.8%
1Y
60.7%
NXT
US$113.08
Nextpower
7D
-5.8%
1Y
189.8%

NXT: Elevated P/E And Buybacks Will Continue To Outrun Fundamental Earnings Power

Analysts have raised their price target on Nextpower from $79.83 to $88.63, citing updated assumptions that include slightly adjusted discount rates, a change in revenue growth expectations to 7.55%, a profit margin assumption of 14.24%, and a forward P/E of about 28x. What's in the News Nextpower entered a multi year supply agreement with Jinko Solar (U.S.) Industries for more than 1 GW of U.S. manufactured steel module frames, scalable to up to 3 GW over three years.
FPS
US$28.87
Forgent Power Solutions
7D
-5.8%
1Y
n/a
EMR
US$131.70
Emerson Electric
7D
5.0%
1Y
39.3%

EMR: AI Automation Demand And High Margins Will Drive Future Upside

Emerson Electric's analyst price targets have generally moved higher, with several firms lifting their views by $4 to $30 to reflect updated expectations around AI driven demand and software exposure, while also flagging emerging competitive risks in high margin hardware and automation software. Analyst Commentary Bullish analysts are focusing on Emerson Electric's mix of high margin automation hardware and software, with several research notes pointing to AI related demand as an important theme in recent price target updates.
HUBB
US$494.25
Hubbell
7D
2.8%
1Y
56.4%
ETN
US$361.10
Eaton
7D
1.0%
1Y
46.5%

ETN: AI Data Center And Thermal Demand Will Drive Future Upside

Analysts have nudged Eaton's fair value estimate higher, with the updated price target moving from $483.16 to $491.40 as they factor in the Boyd Thermal acquisition, changes to P/E assumptions, and a refreshed view on revenue growth and profitability. Analyst Commentary Recent research updates show a mix of views on Eaton, with some firms trimming price targets and others lifting them or upgrading ratings following the Boyd Thermal acquisition and model refreshes.
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.
AME
US$218.29
AMETEK
7D
4.3%
1Y
43.0%

AME: AI Hardware Exposure And Rising Cash Returns Will Shape Future Returns

Analysts have lifted the implied fair value estimate for AMETEK by about $2 to $250.35 per share, reflecting refreshed models that factor in recent price target increases, updated quarterly results, and ongoing debate around the impact of AI on high margin industrial hardware exposure. Analyst Commentary Recent Street research around Ametek points to a mix of optimism on execution and demand trends, along with fresh questions about how AI could affect returns from high margin industrial hardware over time.