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U.S. Electrical Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies133
  • 7D0.3%
  • 3M-0.1%
  • 1Y34.3%
  • YTD1.3%

The Electrical is pretty flat in the last 7 days, but Bloom Energy has stood out, gaining 32%. As for the the longer term, the industry is up 34% over the past 12 months. Looking forward, 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
Tue, 13 Jan 2026US$715.1bUS$162.0bUS$7.4b32.2x96x4.4x
Thu, 11 Dec 2025US$735.0bUS$161.8bUS$7.4b31.4x99.1x4.5x
Sat, 08 Nov 2025US$708.8bUS$161.8bUS$8.0b29.9x88.6x4.4x
Mon, 06 Oct 2025US$689.8bUS$157.3bUS$7.3b28.8x94.2x4.4x
Wed, 03 Sep 2025US$649.2bUS$157.1bUS$7.4b29.7x87.8x4.1x
Fri, 01 Aug 2025US$687.8bUS$155.4bUS$6.9b29.1x99.4x4.4x
Sun, 29 Jun 2025US$597.3bUS$153.6bUS$7.4b27.2x80.6x3.9x
Tue, 27 May 2025US$543.1bUS$153.4bUS$7.4b26.1x73.8x3.5x
Thu, 24 Apr 2025US$430.1bUS$152.8bUS$7.1b21.5x60.3x2.8x
Sat, 22 Mar 2025US$476.6bUS$151.5bUS$6.4b23.4x74.4x3.1x
Mon, 17 Feb 2025US$525.5bUS$151.4bUS$9.8b26.3x53.5x3.5x
Wed, 15 Jan 2025US$548.8bUS$151.1bUS$9.2b23.1x59.5x3.6x
Fri, 13 Dec 2024US$563.9bUS$151.1bUS$9.3b24x60.8x3.7x
Sun, 10 Nov 2024US$562.8bUS$152.0bUS$8.9b24.3x63x3.7x
Tue, 08 Oct 2024US$497.4bUS$151.2bUS$7.4b20.2x66.8x3.3x
Thu, 05 Sep 2024US$431.0bUS$151.3bUS$7.3b18.1x59.1x2.8x
Sat, 03 Aug 2024US$443.6bUS$151.7bUS$7.4b17.9x60.3x2.9x
Mon, 01 Jul 2024US$469.2bUS$159.5bUS$6.2b19x75.4x2.9x
Wed, 29 May 2024US$507.1bUS$159.6bUS$6.2b23.3x82.1x3.2x
Fri, 26 Apr 2024US$465.7bUS$159.2bUS$7.4b20.8x63.2x2.9x
Sun, 24 Mar 2024US$450.6bUS$126.0bUS$8.0b22x56.7x3.6x
Tue, 20 Feb 2024US$416.4bUS$129.3bUS$9.4b19.7x44.2x3.2x
Thu, 18 Jan 2024US$385.1bUS$139.2bUS$7.9b18.4x48.5x2.8x
Sat, 16 Dec 2023US$400.4bUS$139.3bUS$7.9b20.3x50.5x2.9x
Mon, 13 Nov 2023US$352.8bUS$140.3bUS$8.6b17.3x40.9x2.5x
Wed, 11 Oct 2023US$377.3bUS$144.1bUS$11.5b18.8x32.9x2.6x
Fri, 08 Sep 2023US$402.6bUS$144.2bUS$11.6b20.7x34.8x2.8x
Sun, 06 Aug 2023US$393.6bUS$144.1bUS$12.2b22x32.4x2.7x
Tue, 04 Jul 2023US$362.8bUS$130.9bUS$7.8b26.3x46.5x2.8x
Thu, 01 Jun 2023US$316.7bUS$131.0bUS$7.8b22.6x40.7x2.4x
Sat, 29 Apr 2023US$309.1bUS$129.0bUS$7.9b17.9x39.1x2.4x
Mon, 27 Mar 2023US$307.4bUS$127.8bUS$7.8b18x39.5x2.4x
Wed, 22 Feb 2023US$311.9bUS$115.8bUS$8.8b19.7x35.6x2.7x
Fri, 20 Jan 2023US$295.4bUS$114.1bUS$8.8b20.1x33.7x2.6x
Price to Earnings Ratio

33.7x


Total Market Cap: US$295.4bTotal Earnings: US$8.8bTotal Revenue: US$114.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 60.8x202420252026
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 96.0x which is higher than its 3-year average PE of 60.8x.
  • 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 5.3% 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 Market0.88%
Industrials2.09%
Electrical0.25%
Electrical Components0.89%
Heavy Electrical Equipment-1.24%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 63.5x.
    • 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$136.8731.8%
+US$7.8b		494.3%PE2120.1x
ETN EatonUS$329.102.1%
+US$2.7b		-3.5%PE32.6x
EMR Emerson ElectricUS$145.361.8%
+US$1.4b		22.7%PE35.8x
NXT NextpowerUS$99.088.3%
+US$1.1b		134.0%PE25.5x
ROK Rockwell AutomationUS$414.132.3%
+US$1.1b		50.3%PE53.7x

Latest News

ETN
US$329.10
Eaton
7D
2.1%
1Y
-3.5%

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$639.77
GE Vernova
7D
-6.0%
1Y
74.4%

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$316.00
Acuity
7D
-16.1%
1Y
3.1%

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.
EMR
US$145.36
Emerson Electric
7D
1.8%
1Y
22.7%

EMR: Fair Outlook Balances AI Demand Opportunities And Execution Risks

Analysts have lifted their fair value estimate for Emerson Electric by about US$2.87 to roughly US$153.71. This change reflects updated expectations for slightly higher margins and valuation multiples, along with recent price target moves that have trended toward US$145 to US$150, even as some research highlights valuation limits and execution timing.
ROK
US$414.13
Rockwell Automation
7D
2.3%
1Y
50.3%

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).
PLUG
US$2.28
Plug Power
7D
-4.6%
1Y
-14.3%

PLUG: Future Returns Will Depend On Slower Material Handling And Electrolyzer Demand

Analysts have lifted their Plug Power fair value estimate from US$0.55 to US$0.75 per share, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E following recent research that highlights execution risks in material handling and electrolyzer demand. Analyst Commentary Recent Street research reflects a more cautious tone around Plug Power, with bearish analysts stepping back to reassess the balance between growth ambitions and execution risks.
EOSE
US$16.13
Eos Energy Enterprises
7D
14.0%
1Y
250.7%

EOSE: Future Upside Tied To Scaling Production After Major Supply Wins

Analysts have nudged their price target on Eos Energy Enterprises lower to about $16 from roughly $16.40, reflecting slightly higher assumed risk and more measured revenue growth expectations, partially offset by modestly stronger projected profitability and P/E assumptions informed by recent funding progress, contract wins, and production ramp commentary from recent research. Analyst Commentary Recent research on Eos Energy Enterprises highlights a mix of enthusiasm around growth opportunities and caution around execution and funding risks.
HUBB
US$472.88
Hubbell
7D
1.6%
1Y
12.5%

HUBB: Balanced Outlook As EPS Guidance And Dividend Increase Meet Higher Expectations

Analysts have lifted their implied fair value for Hubbell to about $497 from roughly $479, reflecting updated expectations around growth, profitability and valuation that align with recent price target increases in the $465 to $515 range. Analyst Commentary Recent research on Hubbell reflects a mix of optimism around the company’s positioning and caution around how much of that is already captured in the share price.
VRT
US$170.03
Vertiv Holdings Co
7D
-2.3%
1Y
37.1%

VRT: Data Center Energy Partnership And Dividend Hike Will Support Upside Potential

Analysts have slightly lifted their price target on Vertiv Holdings Co., with updated fair value estimates moving from about US$196.83 to roughly US$198.45 per share, reflecting small tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Vertiv and Caterpillar, along with Solar Turbines, agreed to work together on energy optimization solutions for data centers, combining Vertiv power and cooling with Caterpillar power generation and CCHP offerings to provide predesigned, modular architectures for on-site power and cooling (Key Developments).
BE
US$136.87
Bloom Energy
7D
31.8%
1Y
494.3%

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).
NXT
US$99.08
Nextpower
7D
8.3%
1Y
134.0%
ST
US$34.77
Sensata Technologies Holding
7D
-1.2%
1Y
26.6%

ST: Future Earnings Power Will Outweigh Recent Goodwill Impairment Charge

Analysts have trimmed their price target on Sensata Technologies Holding from about $49.55 to $48.00, citing updated assumptions around the discount rate, profit margin, revenue growth, and future P/E levels. What's in the News Sensata reported a consolidated goodwill impairment charge of $225.7 million for the three months ended September 30, 2025, compared with $150.1 million a year earlier (Key Developments).
AME
US$209.76
AMETEK
7D
-0.7%
1Y
18.8%
GNRC
US$156.60
Generac Holdings
7D
5.3%
1Y
-1.9%

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.
TE
US$7.21
T1 Energy
7D
-12.1%
1Y
224.8%

TE: Future Upside Will Be Driven By New Austin Manufacturing Contracts

Analysts have nudged their price expectations for T1 Energy higher, with the fair value estimate moving from US$7.30 to US$8.90. This reflects updated assumptions on discount rates and future P/E that they see as better aligned with the company’s risk profile and earnings potential.
ENVX
US$7.86
Enovix
7D
-9.4%
1Y
-25.6%