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U.S. Electrical Industry Analysis

UpdatedJul 08, 2026
DataAggregated Company Financials
Companies134
  • 7D-8.9%
  • 3M12.0%
  • 1Y61.1%
  • YTD37.2%

Over the last 7 days, the Electrical industry has dropped 8.9%, driven by GE Vernova declining 8.3%. Meanwhile, Wallbox actually outperformed within the industry, gaining 41% in the last week. This takes the industry's 12 month performance to a gain of 61%. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Jul 2026US$1.1tUS$171.8bUS$20.1b37.8x53.2x6.2x
Fri, 05 Jun 2026US$1.0tUS$171.8bUS$19.9b39.7x52.7x6.1x
Sun, 03 May 2026US$1.0tUS$170.4bUS$19.8b35x52.9x6.1x
Tue, 31 Mar 2026US$825.5bUS$167.2bUS$14.9b30.6x55.2x4.9x
Thu, 26 Feb 2026US$890.8bUS$166.6bUS$11.3b34.9x78.6x5.3x
Sat, 24 Jan 2026US$756.7bUS$162.2bUS$7.5b32.5x101.4x4.7x
Mon, 22 Dec 2025US$689.5bUS$161.8bUS$7.4b31.4x92.9x4.3x
Wed, 19 Nov 2025US$672.4bUS$162.0bUS$7.5b26.7x89.3x4.2x
Fri, 17 Oct 2025US$729.2bUS$157.3bUS$7.3b30.5x99.6x4.6x
Sun, 14 Sep 2025US$670.0bUS$157.1bUS$7.3b30.5x91.3x4.3x
Tue, 12 Aug 2025US$659.8bUS$156.8bUS$7.4b31.7x88.9x4.2x
Thu, 10 Jul 2025US$617.7bUS$153.6bUS$7.4b27.7x83.3x4x
Sat, 07 Jun 2025US$559.1bUS$153.4bUS$7.4b26.4x75.8x3.6x
Mon, 05 May 2025US$485.1bUS$153.5bUS$7.4b22.4x65.2x3.2x
Wed, 02 Apr 2025US$442.5bUS$151.5bUS$6.6b22.8x67.1x2.9x
Fri, 28 Feb 2025US$500.5bUS$151.4bUS$9.8b24.5x51.1x3.3x
Sun, 26 Jan 2025US$589.9bUS$151.7bUS$9.5b24x62.1x3.9x
Tue, 24 Dec 2024US$536.7bUS$151.1bUS$9.3b22.5x57.9x3.6x
Thu, 21 Nov 2024US$568.5bUS$150.6bUS$9.2b22.4x61.5x3.8x
Sat, 19 Oct 2024US$513.7bUS$151.2bUS$7.5b19.5x68.4x3.4x
Mon, 16 Sep 2024US$454.0bUS$151.2bUS$7.4b18.1x61.5x3x
Wed, 14 Aug 2024US$424.5bUS$151.4bUS$7.2b18.3x58.8x2.8x
Fri, 12 Jul 2024US$477.6bUS$157.0bUS$5.8b19.6x81.7x3x
Sun, 09 Jun 2024US$471.4bUS$159.6bUS$6.2b19.7x76.1x3x
Tue, 07 May 2024US$481.7bUS$160.5bUS$7.7b21.3x62.5x3x
Thu, 04 Apr 2024US$454.4bUS$125.8bUS$7.9b22.6x57.7x3.6x
Sat, 02 Mar 2024US$426.0bUS$126.0bUS$7.9b20.4x54x3.4x
Mon, 29 Jan 2024US$396.5bUS$139.2bUS$8.0b19.6x49.9x2.8x
Wed, 27 Dec 2023US$403.6bUS$139.3bUS$7.9b20.4x50.9x2.9x
Fri, 24 Nov 2023US$365.3bUS$139.0bUS$8.0b18.7x45.9x2.6x
Sun, 22 Oct 2023US$343.2bUS$144.1bUS$11.5b17.2x29.9x2.4x
Tue, 19 Sep 2023US$390.6bUS$144.2bUS$11.6b20.4x33.7x2.7x
Thu, 17 Aug 2023US$388.1bUS$144.7bUS$11.9b19.3x32.6x2.7x
Sat, 15 Jul 2023US$367.6bUS$130.9bUS$7.8b26x47.2x2.8x
Price to Earnings Ratio

47.2x


Total Market Cap: US$367.6bTotal Earnings: US$7.8bTotal Revenue: US$130.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 64.5x202420252026
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 53.2x which is lower than its 3-year average PE of 64.5x.
  • 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 Market-0.65%
Industrials-2.96%
Electrical-8.91%
Electrical Components-8.61%
Heavy Electrical Equipment-9.36%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 55.3x.
    • Analysts expect its future annual earnings growth (19.0%) 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 80.0x.
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
WBX WallboxUS$5.3840.8%
+US$54.5m		-10.6%PS0.8x
SHLS Shoals Technologies GroupUS$10.041.4%
+US$23.5m		75.7%PE50.2x
BESS Bimergen EnergyUS$4.5812.5%
+US$3.6m		-23.8%PB1.1x
SMXT SolarMax TechnologyUS$0.363.3%
+US$654.4k		-67.8%PS0.2x
PN PN Smart EnergyUS$3.811.1%
+US$556.0k		-92.4%PS0.8x

Latest News

VICR
US$257.34
Vicor
7D
-32.2%
1Y
463.8%
BE
US$269.57
Bloom Energy
7D
-10.9%
1Y
1,009.3%
WBX
US$5.38
Wallbox
7D
40.8%
1Y
-10.6%
GNRC
US$235.80
Generac Holdings
7D
-19.5%
1Y
58.0%
Narrative Update • Jul 07

GNRC: Data Center Contract Optimism Will Likely Outpace Realized Earnings Execution

Generac Holdings' analyst price target framework shifts higher from $212 to about $223 per share, reflecting analysts' updated assumptions for stronger revenue growth, slightly higher profit margins, and support from recent price target increases related to data center contract potential and greater confidence in earnings visibility. Analyst Commentary Recent research on Generac Holdings highlights a mixed but generally constructive analyst backdrop, with higher price targets from several large firms and a focus on the company’s growing exposure to data center contracts and earnings visibility.
EMR
US$137.91
Emerson Electric
7D
-3.7%
1Y
-0.6%
Narrative Update • Jul 06

EMR: Strait Of Hormuz Disruptions Will Likely Cap Future Share Upside

Analysts have lifted the implied fair value for Emerson Electric by about $3 to $125.27 as they weigh short term headwinds flagged in recent research against supportive views on the company’s exposure to long term demand trends and limited AI related disruption risk. Analyst Commentary Recent research on Emerson Electric highlights a mix of caution and support, with analysts weighing short term operational pressures against the company’s exposure to longer term demand themes and limited AI disruption risk.
SDST
US$1.60
Stardust Power
7D
2.6%
1Y
-29.1%
GEV
US$1,077.08
GE Vernova
7D
-8.3%
1Y
103.2%
VRT
US$305.58
Vertiv Holdings Co
7D
-8.7%
1Y
142.7%
SHLS
US$10.04
Shoals Technologies Group
7D
1.4%
1Y
75.7%
SMXT
US$0.36
SolarMax Technology
7D
3.3%
1Y
-67.8%
INIO
US$34.55
Innio
7D
-12.6%
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
ETN
US$395.68
Eaton
7D
-7.1%
1Y
10.8%
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.
BNRG
US$0.97
Brenmiller Energy
7D
19.0%
1Y
-98.7%
TURB
US$1.60
Turbo Energy
7D
1.9%
1Y
-31.6%
PN
US$3.81
PN Smart Energy
7D
1.1%
1Y
-92.4%
BESS
US$4.58
Bimergen Energy
7D
12.5%
1Y
-23.8%