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U.S. Electrical Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies133
  • 7D-7.2%
  • 3M24.5%
  • 1Y67.8%
  • YTD39.9%

Over the last 7 days, the Electrical industry has dropped 7.2%, driven by a pullback from Bloom Energy of 23%. In contrast, Acuity has gained 14%. This takes the industry's 12 month performance to a gain of 68%. 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, 28 Jun 2026US$1.1tUS$171.9bUS$20.1b39.2x53.7x6.3x
Tue, 26 May 2026US$1.0tUS$172.3bUS$19.9b38.1x52.2x6x
Thu, 23 Apr 2026US$974.1bUS$169.4bUS$19.6b33.9x49.7x5.7x
Sat, 21 Mar 2026US$856.6bUS$167.2bUS$15.0b30.8x57.3x5.1x
Mon, 16 Feb 2026US$853.6bUS$166.6bUS$11.3b36.4x75.8x5.1x
Wed, 14 Jan 2026US$726.0bUS$162.0bUS$7.4b32.2x97.5x4.5x
Fri, 12 Dec 2025US$743.5bUS$161.8bUS$7.4b31.9x100.2x4.6x
Sun, 09 Nov 2025US$710.9bUS$161.8bUS$8.1b29.9x87.9x4.4x
Tue, 07 Oct 2025US$689.8bUS$157.3bUS$7.3b28.4x94.2x4.4x
Thu, 04 Sep 2025US$635.1bUS$157.1bUS$7.4b29.6x85.9x4x
Sat, 02 Aug 2025US$690.0bUS$155.5bUS$7.0b28.3x98x4.4x
Mon, 30 Jun 2025US$597.3bUS$153.6bUS$7.4b27.2x80.6x3.9x
Wed, 28 May 2025US$543.1bUS$153.4bUS$7.4b26.7x73.8x3.5x
Fri, 25 Apr 2025US$440.1bUS$152.8bUS$7.1b22.2x61.7x2.9x
Sun, 23 Mar 2025US$475.2bUS$151.5bUS$6.4b23.4x74.2x3.1x
Tue, 18 Feb 2025US$525.5bUS$151.4bUS$9.8b26.3x53.5x3.5x
Thu, 16 Jan 2025US$548.8bUS$151.1bUS$9.2b23.2x59.5x3.6x
Sat, 14 Dec 2024US$557.9bUS$151.1bUS$9.3b23.8x60.2x3.7x
Mon, 11 Nov 2024US$562.6bUS$152.0bUS$8.9b24.3x63x3.7x
Wed, 09 Oct 2024US$499.3bUS$151.2bUS$7.4b19.5x67.1x3.3x
Fri, 06 Sep 2024US$431.4bUS$151.3bUS$7.3b18x58.8x2.9x
Sun, 04 Aug 2024US$421.8bUS$151.7bUS$7.4b17.9x57.4x2.8x
Tue, 02 Jul 2024US$469.2bUS$159.5bUS$6.2b19x75.4x2.9x
Thu, 30 May 2024US$501.6bUS$159.6bUS$6.2b23.1x81.1x3.1x
Sat, 27 Apr 2024US$474.0bUS$159.6bUS$7.6b21.3x62.7x3x
Mon, 25 Mar 2024US$450.6bUS$126.0bUS$8.0b22x56.6x3.6x
Wed, 21 Feb 2024US$411.5bUS$129.3bUS$9.4b19.8x43.7x3.2x
Fri, 19 Jan 2024US$389.1bUS$139.2bUS$7.9b19.2x49x2.8x
Sun, 17 Dec 2023US$400.4bUS$139.3bUS$7.9b20.3x50.5x2.9x
Tue, 14 Nov 2023US$354.2bUS$140.3bUS$8.6b17.4x41x2.5x
Thu, 12 Oct 2023US$381.7bUS$144.1bUS$11.5b19.3x33.2x2.6x
Sat, 09 Sep 2023US$402.6bUS$144.2bUS$11.6b20.8x34.8x2.8x
Mon, 07 Aug 2023US$393.6bUS$144.2bUS$12.2b22x32.3x2.7x
Wed, 05 Jul 2023US$362.9bUS$130.9bUS$7.8b26.3x46.5x2.8x
Price to Earnings Ratio

46.5x


Total Market Cap: US$362.9bTotal 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 53.7x 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 6.3x.
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-2.65%
Industrials-0.38%
Electrical-7.23%
Electrical Components-4.87%
Heavy Electrical Equipment-10.79%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 55.1x.
    • 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 79.4x.
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 18% 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
AYI AcuityUS$362.4814.1%
+US$1.2b		19.5%PE22.8x
ROK Rockwell AutomationUS$476.820.6%
+US$337.2m		44.5%PE48.9x
PLPC Preformed Line ProductsUS$395.663.0%
+US$55.7m		148.8%PE56.4x
ALNT AllientUS$97.631.9%
+US$30.3m		171.8%PE69.6x
AME AMETEKUS$237.520.04%
+US$22.9m		31.6%PE35.6x

Latest News

BE
US$252.02
Bloom Energy
7D
-23.4%
1Y
1,036.2%
Seeking Alpha • 10h

Bloom Energy: Why The 22% Plunge Was Mechanical, Not Fundamental. Reiterate Buy

Summary Bloom Energy (BE) is rated a buy after a 28% drawdown, attributed mainly to mechanical selling from Russell index reconstitution. BE reported Q1 non-GAAP EPS of $0.44 (vs. $0.13 consensus) and revenue up 130% YoY, prompting raised FY 2026 guidance. Management now guides for $3.4–$3.8B FY 2026 revenue, 34% gross margin, and $600–$750M operating income, with strong operating leverage and positive free cash flow. Technical support is seen near $215–$230; despite high volatility and bearish signals, current levels offer an attractive risk-reward buy-the-dip setup. Read the full article on Seeking Alpha
XCH
US$0.87
XCHG
7D
28.0%
1Y
-36.0%
AYI
US$362.48
Acuity
7D
14.1%
1Y
19.5%
NXT
US$106.95
Nextpower
7D
-15.1%
1Y
83.4%
ETN
US$402.68
Eaton
7D
-4.5%
1Y
14.0%
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.
ALNT
US$97.63
Allient
7D
1.9%
1Y
171.8%
Narrative Update • Jun 25

ALNT: Secular Robotics And Defense Hopes May Overstate Platform Execution Risks

Allient's updated analyst price target increases from a fair value estimate of $52.50 to $65.00. Analysts attribute this change to the company's evolution into a vertically integrated engineering platform and its exposure to long-term secular end markets, which they identify as key supports for the revised valuation.
NVT
US$162.92
nVent Electric
7D
-8.0%
1Y
122.1%
PLPC
US$395.66
Preformed Line Products
7D
3.0%
1Y
148.8%
VRT
US$303.95
Vertiv Holdings Co
7D
-8.7%
1Y
139.0%
ROK
US$476.82
Rockwell Automation
7D
0.6%
1Y
44.5%
AME
US$237.52
AMETEK
7D
0.04%
1Y
31.6%
Narrative Update • Jun 23

AME: Record Results And Indicor Deal Financing Will Shape Future Upside

AMETEK's analyst price targets have moved higher by around $9 to $10, with analysts pointing to slight adjustments in fair value estimates, discount rates, revenue growth assumptions, profit margins and future P/E expectations to support the change. Analyst Commentary Recent research on AMETEK points to a mix of optimism and caution as analysts adjust price targets and short term views around valuation, execution and growth expectations.
FPS
US$55.13
Forgent Power Solutions
7D
-13.1%
1Y
n/a
Seeking Alpha • Jun 22

Forgent Power Solutions: This AI Infrastructure Stock Can Fall 30%

Summary Forgent Power Solutions (FPS) has surged 119% YTD, driven by explosive AI data center demand and robust bookings growth. I initiate coverage with a Sell rating, as FPS trades at 11x sales, 50x EV/EBITDA, and 137x earnings—reflecting excessive optimism. Despite strong execution, record backlog, and capacity expansion, my DCF analysis implies 32% downside with a $43 price target. FPS's fundamentals are solid, but current valuation embeds unsustainable growth and margin assumptions, making risk/reward unattractive. Read the full article on Seeking Alpha
EMR
US$143.49
Emerson Electric
7D
-4.8%
1Y
7.7%
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.
GEV
US$1,045.17
GE Vernova
7D
-5.8%
1Y
101.1%
Narrative Update • Jun 22

GEV: AI Data Center Demand And Backlog Strength Will Support Balanced Returns

Analysts have raised their price target on GE Vernova to $1,211.72 from $861.62, citing updated assumptions that include adjusted discount rates, revenue growth, profit margin expectations, and a revised future P/E multiple. What’s in the News for GE Vernova GE Vernova reported Q1 2026 revenue of US$9.34b and earnings per share of US$1.98, with a 71% year over year rise in orders, a US$13b increase in backlog to US$163b, and raised 2026 revenue guidance to about US$44.5b to US$45.5b, supported by AI driven data center demand and stronger power and electrification segments.
NRGV
US$4.21
Energy Vault Holdings
7D
2.7%
1Y
544.2%
Narrative Update • Jun 14

NRGV: Data Center And AI Projects Will Drive Future Cash Generation

Analysts have trimmed their price target for Energy Vault Holdings by $0.06 to $5.48. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E after new coverage that highlights both the company’s capital light model and the need for clearer growth catalysts.
ESP
US$67.12
Espey Mfg. & Electronics
7D
10.1%
1Y
45.2%