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U.S. Electrical Industry Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies129
  • 7D6.2%
  • 3M5.4%
  • 1Y29.9%
  • YTD32.9%

Over the last 7 days, the Electrical industry has risen 6.2%, driven by gains from GE Vernova of 8.7%. In the last 12 months, the industry was up 30%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025US$704.0bUS$161.8bUS$7.4b30.3x94.9x4.4x
Sat, 22 Nov 2025US$647.8bUS$161.9bUS$7.4b30.6x87.3x4x
Mon, 20 Oct 2025US$706.7bUS$157.3bUS$7.3b30.4x96.5x4.5x
Wed, 17 Sep 2025US$679.0bUS$157.1bUS$7.3b30.1x92.6x4.3x
Fri, 15 Aug 2025US$662.8bUS$157.0bUS$7.4b32.4x89.5x4.2x
Sun, 13 Jul 2025US$617.2bUS$153.6bUS$7.4b27.6x83.2x4x
Tue, 10 Jun 2025US$567.5bUS$153.4bUS$7.4b26.2x76.3x3.7x
Thu, 08 May 2025US$484.4bUS$153.3bUS$7.4b22.1x65.8x3.2x
Sat, 05 Apr 2025US$418.9bUS$151.6bUS$6.6b21.1x63.6x2.8x
Mon, 03 Mar 2025US$494.0bUS$151.6bUS$7.3b23.9x67.6x3.3x
Wed, 29 Jan 2025US$518.8bUS$151.7bUS$9.5b23.4x54.6x3.4x
Fri, 27 Dec 2024US$542.7bUS$151.1bUS$9.3b23.2x58.5x3.6x
Sun, 24 Nov 2024US$583.9bUS$150.5bUS$9.2b24x63.8x3.9x
Tue, 22 Oct 2024US$513.1bUS$151.2bUS$7.5b19.3x68.3x3.4x
Thu, 19 Sep 2024US$463.6bUS$151.2bUS$7.4b18.1x62.8x3.1x
Sat, 17 Aug 2024US$444.0bUS$151.3bUS$7.2b18.5x61.4x2.9x
Mon, 15 Jul 2024US$488.7bUS$157.0bUS$5.8b19.7x83.6x3.1x
Wed, 12 Jun 2024US$480.5bUS$159.6bUS$6.2b19.7x77.5x3x
Fri, 10 May 2024US$485.2bUS$160.9bUS$7.7b21.5x63x3x
Sun, 07 Apr 2024US$457.6bUS$125.8bUS$7.9b22.6x58.2x3.6x
Tue, 05 Mar 2024US$432.2bUS$126.0bUS$7.9b20.9x54.8x3.4x
Thu, 01 Feb 2024US$402.6bUS$139.4bUS$8.0b19.3x50.2x2.9x
Sat, 30 Dec 2023US$406.8bUS$139.3bUS$7.9b20.8x51.4x2.9x
Mon, 27 Nov 2023US$366.2bUS$139.0bUS$7.9b18.8x46.1x2.6x
Wed, 25 Oct 2023US$342.3bUS$144.1bUS$11.5b17.2x29.8x2.4x
Fri, 22 Sep 2023US$377.6bUS$144.2bUS$11.6b19.3x32.6x2.6x
Sun, 20 Aug 2023US$384.2bUS$144.2bUS$11.6b19.1x33.1x2.7x
Tue, 18 Jul 2023US$368.9bUS$131.0bUS$7.8b27.1x47.4x2.8x
Thu, 15 Jun 2023US$349.5bUS$131.1bUS$7.7b25x45.6x2.7x
Sat, 13 May 2023US$309.2bUS$130.8bUS$7.8b20.4x39.8x2.4x
Mon, 10 Apr 2023US$300.4bUS$128.1bUS$7.9b17.6x38x2.3x
Wed, 08 Mar 2023US$322.7bUS$116.6bUS$9.2b21.5x35x2.8x
Fri, 03 Feb 2023US$319.0bUS$113.0bUS$8.8b21.3x36.3x2.8x
Sun, 01 Jan 2023US$294.6bUS$113.8bUS$8.8b19x33.6x2.6x
Price to Earnings Ratio

33.6x


Total Market Cap: US$294.6bTotal Earnings: US$8.8bTotal Revenue: US$113.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 59.7x202320242025
Current Industry PE
  • Investors are optimistic on the American Electrical industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 94.9x which is higher than its 3-year average PE of 59.7x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have declined 5.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 12% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

US Market3.10%
Industrials3.28%
Electrical6.20%
Heavy Electrical Equipment9.39%
Electrical Components4.87%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 57.4x.
    • Analysts are expecting annual earnings growth of 39.0%, which is lower than the prior year's growth of 65.4% per year.
  • Investors are most pessimistic about the Electrical Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 50.0x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 39% over the next 5 years.
  • However this is lower than its past earnings growth rate of 65% per year.
  • 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$667.328.7%
+US$14.4b		92.2%PE106.3x
VRT Vertiv Holdings CoUS$166.8711.4%
+US$6.5b		40.5%PE61.7x
BE Bloom EnergyUS$91.8819.4%
+US$3.5b		277.6%PE1423.2x
ETN EatonUS$323.672.5%
+US$3.0b		-5.2%PE32x
EMR Emerson ElectricUS$136.303.5%
+US$2.6b		8.0%PE33.5x

Latest News

AMPX
US$8.53
Amprius Technologies
7D
-2.8%
1Y
348.9%
VRT
US$166.87
Vertiv Holdings Co
7D
11.4%
1Y
40.5%

VRT: Expanded Partnerships And Dividend Increase Will Support Continued Upside Potential

Analysts have raised their price target on Vertiv Holdings Co. from 165.00 to 230.00 per share, citing expectations for stronger revenue growth, modestly higher profit margins, and a slightly lower future price to earnings multiple despite a higher assumed discount rate. What's in the News Vertiv raised full year 2025 earnings guidance, now targeting net sales of $10.16 billion to $10.24 billion and organic net sales growth of 26% to 28%, with expected GAAP diluted EPS of $3.41 (company guidance).
NKLR
US$4.50
Terra Innovatum Global
7D
-6.1%
1Y
-54.4%

Terra Innovatum: A Deep Dive Into Commercialization Targets And Capital Structure

Dec 22
PLUG
US$2.10
Plug Power
7D
-2.8%
1Y
-13.2%

PLUG: Falling Rates Will Support A Healthier Clean Tech Cycle Ahead

Analysts have raised their price target on Plug Power from $2.50 to $4.40 per share. This reflects increased confidence that a new, healthier cycle for U.S. clean tech, driven by easing interest rates, more sustainable growth expectations, and stable policy support, can support modestly better long term growth, margins, and valuation multiples.
GNRC
US$140.81
Generac Holdings
7D
-2.8%
1Y
-9.0%
NVT
US$103.97
nVent Electric
7D
9.5%
1Y
48.9%
AME
US$208.28
AMETEK
7D
4.2%
1Y
13.2%

AME: Organic Momentum And Tariff Management Will Shape Returns Ahead

Analysts have nudged their average price target on AMETEK modestly higher to approximately $220 per share, citing improving organic sales trends, a healthy order backdrop, and confidence that tariff-driven margin pressures in related industrial markets will prove manageable over the medium term. Analyst Commentary Recent Street research points to a constructive stance on AMETEK, with incremental price target hikes underscoring confidence in the company’s execution and medium term growth algorithm despite a more volatile macro and tariff backdrop.
HUBB
US$456.28
Hubbell
7D
6.2%
1Y
5.6%

HUBB Margins And Dividend Policy Will Support Stronger Future Earnings Power

Analysts have modestly raised their price target on Hubbell, increasing their fair value estimate by about $61 to roughly $568 per share. They cite improving growth and margin expectations, while also noting that the stock's valuation appears close to full given its recent modest organic growth trends.
EOSE
US$12.02
Eos Energy Enterprises
7D
-2.0%
1Y
163.6%
BE
US$91.88
Bloom Energy
7D
19.4%
1Y
277.6%

BE: AI Data Center Partnership Will Drive Long-Term Upside Potential

Analysts have sharply raised their price target on Bloom Energy to approximately $157 per share from about $59, citing expectations for significantly faster revenue growth, improved profit margins, and a modestly lower future valuation multiple. Together, these factors support a substantially higher fair value estimate.
ETN
US$323.67
Eaton
7D
2.5%
1Y
-5.2%

ETN: AI Data Center Demand And Boyd Deal Will Shape Outlook

We raise our Eaton price target by approximately $36 to about $337 per share, reflecting analysts' increased confidence in stronger long term revenue growth, modestly higher profitability, and sustained AI driven data center demand supported by recent price target hikes and upgrades. Analyst Commentary Recent Street research reflects a constructive yet increasingly nuanced view on Eaton, with higher price targets and ratings upgrades framed against growing scrutiny of valuation, execution risks, and the durability of AI driven demand.
GEV
US$667.32
GE Vernova
7D
8.7%
1Y
92.2%

GEV: Dividend Hike And Buybacks Will Drive Stronger Shareholder Returns

Analysts have raised their price target for GE Vernova from approximately $760.00 to about $927.34 per share, reflecting increased confidence in the company’s accelerating revenue growth, improving profit margins, and slightly higher justified valuation multiples. What's in the News Reaffirmed 2025 revenue guidance of $36 billion to $37 billion and introduced 2026 guidance of $41 billion to $42 billion, underscoring confidence in multi year growth visibility (Corporate guidance).
BLNK
US$0.72
Blink Charging
7D
-8.0%
1Y
-52.6%
EMR
US$136.30
Emerson Electric
7D
3.5%
1Y
8.0%

EMR: Future Margins And Order Visibility Will Likely Restrain Share Upside

Analysts have modestly reduced their price target on Emerson Electric to approximately $120.65 from about $109.01, citing updated post earnings modeling that reflects slightly higher expected growth, a richer future valuation multiple, and a modestly lower profit margin outlook. Analyst Commentary JPMorgan recently trimmed its price target on Emerson Electric to $150 from $151 while maintaining a Neutral rating, signaling a more tempered outlook following the fiscal Q4 report.
NEOV
US$3.16
NeoVolta
7D
-8.4%
1Y
-33.3%
NPWR
US$2.22
NET Power
7D
-5.1%
1Y
-78.2%