Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Electrical Industry Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies133
  • 7D1.8%
  • 3M2.2%
  • 1Y32.2%
  • YTD1.9%

Last week, the Electrical industry hasn't moved much but Bloom Energy is up 24% in that time. The past year has been better, since the industry has gained 34% in that time. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026US$735.2bUS$162.0bUS$7.4b32.3x98.7x4.5x
Sat, 13 Dec 2025US$743.3bUS$161.8bUS$7.4b31.6x100.2x4.6x
Mon, 10 Nov 2025US$710.9bUS$161.8bUS$8.1b29.9x87.9x4.4x
Wed, 08 Oct 2025US$697.0bUS$157.3bUS$7.3b28.2x95.2x4.4x
Fri, 05 Sep 2025US$633.9bUS$157.1bUS$7.4b30.2x85.7x4x
Sun, 03 Aug 2025US$679.0bUS$155.7bUS$7.1b28.3x96.3x4.4x
Tue, 01 Jul 2025US$604.0bUS$153.6bUS$7.4b28.3x81.5x3.9x
Thu, 29 May 2025US$556.3bUS$153.4bUS$7.4b26.4x75.6x3.6x
Sat, 26 Apr 2025US$462.1bUS$152.8bUS$7.1b22.7x64.8x3x
Mon, 24 Mar 2025US$475.2bUS$151.5bUS$6.4b23.4x74.2x3.1x
Wed, 19 Feb 2025US$526.2bUS$151.4bUS$9.8b26.4x53.5x3.5x
Fri, 17 Jan 2025US$554.1bUS$151.1bUS$9.2b23.6x60.1x3.7x
Sun, 15 Dec 2024US$555.2bUS$151.1bUS$9.3b23.8x59.9x3.7x
Tue, 12 Nov 2024US$562.8bUS$152.0bUS$8.9b24.7x63x3.7x
Thu, 10 Oct 2024US$497.0bUS$151.2bUS$7.4b19.6x66.8x3.3x
Sat, 07 Sep 2024US$422.1bUS$151.3bUS$7.3b17.3x57.5x2.8x
Mon, 05 Aug 2024US$421.8bUS$151.7bUS$7.4b17.9x57.4x2.8x
Wed, 03 Jul 2024US$462.6bUS$159.6bUS$6.2b19.2x75.1x2.9x
Fri, 31 May 2024US$497.3bUS$159.6bUS$6.2b22.5x80.4x3.1x
Sun, 28 Apr 2024US$473.8bUS$159.6bUS$7.6b21.3x62.7x3x
Tue, 26 Mar 2024US$450.6bUS$126.0bUS$8.0b21.9x56.7x3.6x
Thu, 22 Feb 2024US$411.2bUS$129.3bUS$9.4b19.2x43.9x3.2x
Sat, 20 Jan 2024US$391.6bUS$139.2bUS$7.9b18.9x49.3x2.8x
Mon, 18 Dec 2023US$400.4bUS$139.3bUS$7.9b20.3x50.5x2.9x
Wed, 15 Nov 2023US$354.0bUS$140.3bUS$8.6b18.8x41.2x2.5x
Fri, 13 Oct 2023US$381.7bUS$144.1bUS$11.5b18.5x33.2x2.6x
Sun, 10 Sep 2023US$391.8bUS$144.2bUS$11.6b20.8x33.8x2.7x
Tue, 08 Aug 2023US$403.9bUS$144.2bUS$12.2b22.9x33.2x2.8x
Thu, 06 Jul 2023US$358.2bUS$130.9bUS$7.8b25.7x45.9x2.7x
Sat, 03 Jun 2023US$331.1bUS$131.1bUS$7.7b24x43.2x2.5x
Mon, 01 May 2023US$309.1bUS$129.0bUS$7.9b17.9x39.1x2.4x
Wed, 29 Mar 2023US$309.8bUS$127.9bUS$7.8b18.7x39.9x2.4x
Fri, 24 Feb 2023US$314.9bUS$116.1bUS$8.9b19.8x35.2x2.7x
Sun, 22 Jan 2023US$301.1bUS$114.1bUS$8.8b20.1x34.4x2.6x
Price to Earnings Ratio

34.4x


Total Market Cap: US$301.1bTotal Earnings: US$8.8bTotal Revenue: US$114.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 60.9x202420252026
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 97.5x which is higher than its 3-year average PE of 60.9x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have declined 5.2% 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 Market0.18%
Industrials3.36%
Electrical1.80%
Electrical Components2.22%
Heavy Electrical Equipment0.84%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 64.2x.
    • Analysts are expecting annual earnings growth of 33.8%, 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 50.8x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 34% 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
BE Bloom EnergyUS$133.4623.6%
+US$6.0b		489.2%PE2067.2x
EMR Emerson ElectricUS$148.154.2%
+US$3.4b		22.7%PE36.5x
ETN EatonUS$331.142.6%
+US$3.3b		-3.3%PE32.8x
GNRC Generac HoldingsUS$160.2613.0%
+US$1.1b		0.07%PE30.1x
EOSE Eos Energy EnterprisesUS$17.3023.7%
+US$1.1b		232.7%PS88.4x

Latest News

EOSE
US$17.30
Eos Energy Enterprises
7D
23.7%
1Y
232.7%
VRT
US$170.86
Vertiv Holdings Co
7D
-0.4%
1Y
29.4%
SKYX
US$2.23
SKYX Platforms
7D
-2.2%
1Y
74.2%
EMR
US$148.15
Emerson Electric
7D
4.2%
1Y
22.7%
FCEL
US$7.49
FuelCell Energy
7D
-3.4%
1Y
-23.5%

FCEL: Lower Discount Rate And Higher Margins Will Support Re Rating

Analysts have raised their price target on FuelCell Energy to approximately US$8.71 from about US$7.38, citing updated assumptions around discount rates, profit margins, revenue growth, and future P/E expectations. Valuation Changes Fair Value Estimate was moved from about US$7.38 to roughly US$8.71 per share, reflecting a moderate upward adjustment in the model output.
ETN
US$331.14
Eaton
7D
2.6%
1Y
-3.3%

ETN: AI Data Center Demand And Boyd Thermal Deal Will Drive Upside

Analysts have adjusted their price targets on Eaton, with changes such as Barclays moving to $350 and RBC Capital to $432. They cite a firmer demand backdrop tied to artificial intelligence driven orders and expectations around data center exposure and the Boyd Thermal acquisition, which together support a higher fair value estimate of about $470.67 per share in the latest update.
GEV
US$644.18
GE Vernova
7D
-2.7%
1Y
66.4%

GEV: Future Buybacks And Dividend Moves Will Mask Overvaluation Risk

Analysts have raised their price target on GE Vernova from US$448.08 to US$538.80, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E. They view these updates as better reflecting the company’s potential risk and return profile.
AYI
US$319.20
Acuity
7D
-13.7%
1Y
-2.1%

AYI: Q1 Execution And Ongoing Buybacks Will Support Future Upside Potential

Narrative Update on Acuity The analyst price target for Acuity has been reduced from US$399.25 to US$391.25, as analysts factor in more moderate revenue growth and profit margin assumptions alongside a slightly higher discount rate, consistent with recent Street research updates that trimmed targets following Q1 results. Analyst Commentary Recent Street research on Acuity points to a mixed but measured view, with analysts adjusting their models after Q1 results came in modestly ahead of expectations while overall sentiment stayed cautious.
ROK
US$417.21
Rockwell Automation
7D
1.9%
1Y
51.1%

ROK: Manufacturing Expansion And Cybersecurity Initiatives Will Support A Steady Medium Term Outlook

Analysts have lifted their fair value estimate for Rockwell Automation by about US$7 to roughly US$407 per share, citing updated assumptions for discount rate, profit margins, and future P/E that slightly adjust their long term outlook. What's in the News Plans for a new greenfield manufacturing site in Southeastern Wisconsin, with more than 1 million square feet of space, as part of a previously announced US$2b investment in plants, digital infrastructure, and talent, positioned to become Rockwell Automation's largest manufacturing campus globally (Business Expansions).
BE
US$133.46
Bloom Energy
7D
23.6%
1Y
489.2%

BE: AI Factory Power Partnership And Capital Plans Will Shape Future Outlook

Analysts have slightly adjusted their price target for Bloom Energy to reflect a fair value update from about $112.50 to roughly $111.18, citing small shifts in expected revenue growth, profit margins, the discount rate, and future P/E assumptions. What's in the News Bloom Energy and Brookfield announced a $5b partnership focused on building AI factories that combine power, compute, data center design, and capital to support artificial intelligence workloads (Key Developments).
POWL
US$401.27
Powell Industries
7D
12.8%
1Y
61.0%
SPWR
US$1.58
SunPower
7D
-3.1%
1Y
-1.9%
NXT
US$94.71
Nextpower
7D
6.6%
1Y
121.6%
NVT
US$104.54
nVent Electric
7D
-1.8%
1Y
48.7%
AME
US$211.12
AMETEK
7D
-0.03%
1Y
17.2%
GNRC
US$160.26
Generac Holdings
7D
13.0%
1Y
0.07%

GNRC: Data Center Demand And Capacity Expansion Will Drive Long-Term Upside

Analysts have nudged their price targets for Generac higher, with moves such as Barclays raising its target to US$197 from US$188 and BofA lifting its target to US$236 from US$221, citing a mix of short term setbacks, improving data center demand, and expectations for margin recovery and capacity expansion over time. Analyst Commentary Recent research on Generac reflects a mix of optimism around long term themes and caution around near term execution, guidance, and segment specific trends.