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U.S. Electrical Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies134
  • 7D-0.8%
  • 3M14.4%
  • 1Y82.3%
  • YTD39.1%

The Electrical is pretty flat in the last 7 days, but Emerson Electric has stood out, gaining 5.4%. As for the the longer term, the industry is up 82% over the past 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026US$1.0tUS$172.3bUS$19.9b40.1x51.8x6x
Tue, 28 Apr 2026US$1.0tUS$169.4bUS$19.6b34.5x53.5x6.2x
Thu, 26 Mar 2026US$872.4bUS$167.2bUS$15.0b33x58.3x5.2x
Sat, 21 Feb 2026US$868.5bUS$166.6bUS$11.3b35.5x77.1x5.2x
Mon, 19 Jan 2026US$757.7bUS$162.0bUS$7.4b33.1x101.7x4.7x
Wed, 17 Dec 2025US$707.2bUS$161.8bUS$7.4b31.6x95.4x4.4x
Fri, 14 Nov 2025US$710.4bUS$161.8bUS$8.0b29.4x89x4.4x
Sun, 12 Oct 2025US$683.6bUS$157.3bUS$7.3b28.2x93.4x4.3x
Tue, 09 Sep 2025US$642.1bUS$157.1bUS$7.4b30.3x86.9x4.1x
Thu, 07 Aug 2025US$666.8bUS$156.5bUS$7.3b28.5x91.6x4.3x
Sat, 05 Jul 2025US$619.2bUS$153.6bUS$7.4b28.5x83.5x4x
Mon, 02 Jun 2025US$548.0bUS$153.4bUS$7.4b26x74.5x3.6x
Wed, 30 Apr 2025US$465.9bUS$152.8bUS$7.1b22.8x65.3x3x
Fri, 28 Mar 2025US$465.8bUS$151.5bUS$6.4b23.7x72.5x3.1x
Sun, 23 Feb 2025US$500.8bUS$151.4bUS$9.9b24.6x50.8x3.3x
Tue, 21 Jan 2025US$566.6bUS$151.1bUS$9.2b23.5x61.5x3.7x
Thu, 19 Dec 2024US$544.8bUS$151.1bUS$9.3b22.8x58.7x3.6x
Sat, 16 Nov 2024US$555.4bUS$152.3bUS$8.9b23.6x62.1x3.6x
Mon, 14 Oct 2024US$508.0bUS$151.2bUS$7.4b19.8x68.3x3.4x
Wed, 11 Sep 2024US$428.1bUS$151.3bUS$7.3b17.2x58.4x2.8x
Fri, 09 Aug 2024US$409.8bUS$151.3bUS$7.2b18x57.2x2.7x
Sun, 07 Jul 2024US$465.5bUS$157.0bUS$5.8b19x79.6x3x
Tue, 04 Jun 2024US$495.6bUS$159.6bUS$6.2b20.4x80.1x3.1x
Thu, 02 May 2024US$465.8bUS$160.3bUS$7.7b20.2x60.2x2.9x
Sat, 30 Mar 2024US$452.6bUS$126.0bUS$7.9b22.1x57.2x3.6x
Mon, 26 Feb 2024US$416.5bUS$127.9bUS$9.4b19.4x44.4x3.3x
Wed, 24 Jan 2024US$397.2bUS$139.2bUS$7.9b19x50x2.9x
Fri, 22 Dec 2023US$394.5bUS$139.3bUS$7.9b20.2x49.8x2.8x
Sun, 19 Nov 2023US$363.4bUS$139.2bUS$8.0b18.7x45.5x2.6x
Tue, 17 Oct 2023US$370.6bUS$144.1bUS$11.5b18.3x32.3x2.6x
Thu, 14 Sep 2023US$389.2bUS$144.2bUS$11.6b20.2x33.6x2.7x
Sat, 12 Aug 2023US$394.3bUS$144.8bUS$12.0b19.4x33x2.7x
Mon, 10 Jul 2023US$355.8bUS$130.9bUS$7.8b25.3x45.6x2.7x
Wed, 07 Jun 2023US$331.4bUS$131.1bUS$7.7b24.5x43.2x2.5x
Price to Earnings Ratio

43.2x


Total Market Cap: US$331.4bTotal Earnings: US$7.7bTotal Revenue: US$131.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 64.2x202420252026
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 51.8x which is lower than its 3-year average PE of 64.2x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 6.0x.
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 9.6% 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 Market1.58%
Industrials1.37%
Electrical-0.80%
Electrical Components2.13%
Heavy Electrical Equipment-5.48%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 54.6x.
    • Analysts expect its future annual earnings growth (18.8%) 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 78.0x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 61% per year.
  • In contrast, the Electrical Components industry is expected to see its earnings grow by 19% 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
EMR Emerson ElectricUS$143.825.4%
+US$4.1b		20.5%PE33x
NXT NextpowerUS$156.4019.8%
+US$3.9b		175.9%PE40.1x
ETN EatonUS$400.602.4%
+US$3.6b		25.1%PE39x
VICR VicorUS$334.8424.9%
+US$3.0b		667.3%PE111.7x
FPS Forgent Power SolutionsUS$54.6614.1%
+US$1.7b		n/aPE781.9x

Latest News

VICR
US$334.84
Vicor
7D
24.9%
1Y
667.3%
Seeking Alpha • 8h

Vicor: Mid-Quarter Guidance Raise Confirms The IP Thesis (Rating Upgrade)

Summary I am upgrading Vicor to Strong Buy after a rare mid-quarter guidance raise confirmed the IP licensing thesis from my prior coverage. Vicor lifted Q2 revenue guidance 12.7% to $142M, driven by fab product sales and a new all-inclusive OEM license at near-100% margin. The licensing engine now has clearer visibility and faster margin accretion, supporting higher FY27 EPS estimates and multiple expansion. The upgrade reflects higher conviction more than higher numbers: the guidance raise de-risked the execution and licensing lumpiness scenarios. Read the full article on Seeking Alpha
NXT
US$156.40
Nextpower
7D
19.8%
1Y
175.9%
FPS
US$54.66
Forgent Power Solutions
7D
14.1%
1Y
n/a
EMR
US$143.82
Emerson Electric
7D
5.4%
1Y
20.5%
ENS
US$227.97
EnerSys
7D
-1.8%
1Y
172.6%
VRT
US$315.71
Vertiv Holdings Co
7D
-3.6%
1Y
192.5%
Seeking Alpha • May 29

Vertiv's AI Thesis Is Maturing, Not Breaking

Summary Vertiv remains a buy as AI infrastructure demand drives robust fundamentals, with Q1 2026 showing 83% EPS growth and 430 bps margin expansion. VRT's forward thesis shifts from hypergrowth and rerating to sustained operational execution, margin durability, and earnings compounding as valuation multiples have already expanded. Full-year 2026 guidance implies significant revenue ramp and strong margin maintenance, underpinned by favorable pricing and backlog conversion. Return expectations should moderate, but if VRT sustains >20% revenue growth and ~20% margins, 35–45% upside is plausible without further rerating. Read the full article on Seeking Alpha
ETN
US$400.60
Eaton
7D
2.4%
1Y
25.1%
Narrative Update • May 29

ETN: Future Returns Will Reflect AI Power Demand And Boyd Data Center Expansion

Analysts lifted the Eaton price target by about $2 to $452, citing recent Street research that factors in updated assumptions for fair value, discount rate, growth, margins, and a higher future P/E multiple. Analyst Commentary Recent research shows a cluster of upward price target revisions on Eaton, alongside a few more cautious views.
BE
US$285.00
Bloom Energy
7D
-5.8%
1Y
1,443.0%
AYI
US$305.11
Acuity
7D
6.1%
1Y
17.4%
GEV
US$968.32
GE Vernova
7D
-6.8%
1Y
104.7%
AMPX
US$20.28
Amprius Technologies
7D
26.5%
1Y
653.9%
Narrative Update • May 27

AMPX: NDAA Progress And Capacity Expansion Will Shape Future Repricing Potential

Analysts lifted their average price target on Amprius Technologies by $4, citing higher Street targets from firms such as B. Riley, Craig-Hallum, Roth Capital, and Cantor Fitzgerald.
FLNC
US$18.88
Fluence Energy
7D
-12.1%
1Y
301.7%
Seeking Alpha • May 27

Fluence Energy: The Unpriced AI Power Moat Awaiting Liftoff

Summary Fluence Energy earns a Strong Buy rating, driven by its evolution into an AI infrastructure leader with proprietary sub-100ms power-conditioning technology and major hyperscaler supply agreements. FLNC’s de-risked domestic supply chain and regulatory moat (OBBBA/PFE shield) protect double-digit gross margins from Asian competition and deflationary battery pricing. A $57 million IEEPA tariff refund, a 12 GW hyperscaler pipeline, and a coiled-spring H2-FY2026 revenue ramp (~$2.5B expected) set up a sharp swing to positive FCF. Current sponsor equity sell-down at $21/share expands float and forms a compelling entry point near institutional pricing, despite near-term liquidity and execution risks. Read the full article on Seeking Alpha
FCEL
US$21.66
FuelCell Energy
7D
-13.4%
1Y
323.9%
Seeking Alpha • May 26

FuelCell Energy: Too Much Promise, Not Enough Proof

Summary FuelCell Energy offers promising technology for large-scale, reliable power, but current fundamentals lag the AI data center-driven hype. Despite 61% YoY revenue growth to $30.5M in Q1 FY2026, gross losses worsened, and growth was driven by non-recurring projects, not new AI/data center clients. Backlog stands at $1.17B but declined YoY, with product backlog shrinking and most future revenue tied to long-term, low-margin contracts. FCEL trades at a steep 7.25x EV/Sales TTM, lacks profitability, and its cash runway is sustained by financing rather than operations, making the stock a high-risk, speculative bet. Read the full article on Seeking Alpha
RUN
US$16.72
Sunrun
7D
14.4%
1Y
123.2%
Seeking Alpha • May 23

Sunrun: Long-Term Growth Plan In Sight, But Needs To Strengthen Fundamentals In 2026

Summary Sunrun Inc. is rated hold, despite the cash flow analysis showing insolvency in the long term due to near-term operational headwinds and guidance risks. RUN's 2026 cash generation guidance is $250–$450 million, but it needs to grow this cash flow to meet its debt repayment obligations in the long term. Q1 2026 fundamentals were weak: subscriber additions fell 25% YoY, installed solar capacity dropped 19%, and storage capacity declined 15%. RUN's focus on high-margin solar installations, battery storage, and direct business is expected to strengthen its balance sheet into 2026 and beyond. Read the full article on Seeking Alpha
XE
US$26.91
X-Energy
7D
-5.0%
1Y
n/a