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U.S. Electrical Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies130
  • 7D0.4%
  • 3M12.3%
  • 1Y84.8%
  • YTD17.0%

The Electrical is pretty flat in the last 7 days, but Vertiv Holdings Co has stood out, gaining 10%. The past year has been better, since the industry has gained 85% in that time. Looking forward, 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
Wed, 11 Mar 2026US$843.7bUS$166.9bUS$15.0b32.7x56.3x5.1x
Fri, 06 Feb 2026US$805.0bUS$165.2bUS$11.0b34.8x73.3x4.9x
Sun, 04 Jan 2026US$716.4bUS$161.8bUS$7.4b30.5x96.4x4.4x
Tue, 02 Dec 2025US$696.9bUS$161.8bUS$7.4b30.7x94.2x4.3x
Thu, 30 Oct 2025US$715.3bUS$159.5bUS$8.0b29.4x89.2x4.5x
Sat, 27 Sep 2025US$666.5bUS$157.1bUS$7.3b29.3x90.9x4.2x
Mon, 25 Aug 2025US$650.2bUS$157.1bUS$7.4b31.5x88.1x4.1x
Wed, 23 Jul 2025US$642.3bUS$153.6bUS$7.4b28.7x86.6x4.2x
Fri, 20 Jun 2025US$578.0bUS$153.4bUS$7.4b27.8x77.7x3.8x
Sun, 18 May 2025US$541.8bUS$153.3bUS$7.3b22.1x73.9x3.5x
Tue, 15 Apr 2025US$430.9bUS$151.6bUS$6.6b21.9x65.5x2.8x
Thu, 13 Mar 2025US$453.4bUS$151.6bUS$6.5b23.6x70.2x3x
Sat, 08 Feb 2025US$534.5bUS$151.2bUS$9.7b26.8x55.1x3.5x
Mon, 06 Jan 2025US$547.0bUS$151.1bUS$9.2b23.3x59.4x3.6x
Wed, 04 Dec 2024US$575.6bUS$151.1bUS$9.2b24.5x62.6x3.8x
Fri, 01 Nov 2024US$510.2bUS$153.0bUS$7.9b18.8x64.5x3.3x
Sun, 29 Sep 2024US$487.5bUS$151.2bUS$7.4b20.3x65.9x3.2x
Tue, 27 Aug 2024US$446.3bUS$151.3bUS$7.2b18.8x61.8x2.9x
Thu, 25 Jul 2024US$481.7bUS$157.0bUS$5.8b19.9x82.8x3.1x
Sat, 22 Jun 2024US$477.5bUS$159.6bUS$6.2b18.9x76.9x3x
Mon, 20 May 2024US$485.8bUS$160.8bUS$7.8b19.6x62.3x3x
Wed, 17 Apr 2024US$464.7bUS$159.1bUS$7.5b20.8x62x2.9x
Fri, 15 Mar 2024US$435.0bUS$126.0bUS$7.9b21.1x54.9x3.5x
Sun, 11 Feb 2024US$416.0bUS$130.3bUS$9.6b19.8x43.6x3.2x
Tue, 09 Jan 2024US$389.9bUS$139.3bUS$7.9b19.8x49.2x2.8x
Thu, 07 Dec 2023US$369.1bUS$139.3bUS$8.0b19x46.1x2.6x
Sat, 04 Nov 2023US$357.1bUS$145.7bUS$9.9b17.5x36.2x2.5x
Mon, 02 Oct 2023US$378.0bUS$144.2bUS$11.5b19.7x32.8x2.6x
Wed, 30 Aug 2023US$403.2bUS$144.2bUS$11.6b20.3x34.7x2.8x
Fri, 28 Jul 2023US$368.7bUS$131.0bUS$7.8b25.2x47.4x2.8x
Sun, 25 Jun 2023US$345.7bUS$131.1bUS$7.6b25.5x45.5x2.6x
Tue, 23 May 2023US$318.0bUS$130.9bUS$7.8b23.2x40.9x2.4x
Thu, 20 Apr 2023US$309.5bUS$128.2bUS$7.8b19.4x39.5x2.4x
Sat, 18 Mar 2023US$302.3bUS$127.6bUS$7.8b18.6x38.9x2.4x
Price to Earnings Ratio

38.9x


Total Market Cap: US$302.3bTotal Earnings: US$7.8bTotal Revenue: US$127.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 63x202420252026
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 56.3x which is lower than its 3-year average PE of 63.0x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 24% per year over the last three years.
  • Revenues for these companies have grown 9.4% 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-0.62%
Industrials-3.13%
Electrical0.43%
Electrical Components0.71%
Heavy Electrical Equipment-0.12%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average PE ratio of 72.4x.
    • Analysts are expecting annual earnings growth of 25.2%, which is lower than the prior year's growth of 65.4% per year.
  • Investors are most pessimistic about the Electrical Components industry, which is trading close to its 3-year average of 52.8x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 25% 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 16% 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
VRT Vertiv Holdings CoUS$270.0610.5%
+US$9.8b		224.9%PE77.5x
ETN EatonUS$361.061.5%
+US$2.1b		27.9%PE34.3x
NXT NextpowerUS$113.7312.4%
+US$1.9b		153.1%PE28.5x
AMPX Amprius TechnologiesUS$18.0054.8%
+US$948.8m		911.2%PS33.8x
BW Babcock & Wilcox EnterprisesUS$14.0473.3%
+US$931.6m		1,318.2%PS3.1x

Latest News

BW
US$14.04
Babcock & Wilcox Enterprises
7D
73.3%
1Y
1,318.2%
ETN
US$361.06
Eaton
7D
1.5%
1Y
27.9%

ETN: Future Returns Will Reflect AI Power Demand And Vehicle Unit Exit

The analyst price target for Eaton edges slightly higher to about $408, as analysts balance a mix of recent target increases and cuts while keeping their core assumptions on growth, margins, and future P/E broadly intact. Analyst Commentary Recent research on Eaton shows a mixed but engaged analyst community, with several firms adjusting price targets in both directions and one major upgrade in rating.
BE
US$154.00
Bloom Energy
7D
0.6%
1Y
516.0%

Bloom Energy Corp (BE): The AI "Bridge-to-Power" – Scaling to 2GW Capacity for the Next-Gen Data Center.

Bloom Energy has transitioned from a clean-energy alternative into a critical infrastructure provider for the AI revolution. Trading at $135.19 as of the March 6, 2026, close, the stock has experienced a sharp 15.5% "digestion" pullback from its recent highs above $180, despite fundamentally strong momentum.
GEV
US$839.20
GE Vernova
7D
-0.3%
1Y
195.3%

GEV: Long Term Equipment Contracts Will Support Stronger Future Returns

Analysts have lifted their price target on GE Vernova to $1,019, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin, and future P/E that support a steady valuation framework. What's in the News OPC Energy agreed to purchase main equipment from GE Vernova for the Hadera 2 natural gas power project in Israel, covering gas and steam turbines, auxiliary systems, and a maintenance agreement.
AME
US$226.30
AMETEK
7D
-3.8%
1Y
26.5%
AMPX
US$18.00
Amprius Technologies
7D
54.8%
1Y
911.2%

AMPX: Drone Demand And Capacity Expansion Will Drive Bullish Repricing

Analysts have lifted their price target on Amprius Technologies by about $1.70 to $19.25, citing stronger than expected Q4 results, improving profitability, and growing demand for its silicon anode battery technology across drones, satellites, light EVs, robotics, and eVTOL markets. Analyst Commentary Recent research notes cluster firmly on the optimistic side, with several firms moving price targets higher after Amprius Technologies reported Q4 results that came in ahead of expectations and delivered record quarterly revenue, triple digit year over year growth, and positive EBITDA for the first time.
RRX
US$201.40
Regal Rexnord
7D
-6.3%
1Y
69.9%

RRX: Higher Margin Outlook Will Offset AI Hardware Pressure Concerns

Our updated narrative price target for Regal Rexnord increases by about $4 to roughly $236, as analysts weigh stronger assumed profit margins against a slightly higher discount rate and a more moderate future P/E multiple, while also flagging potential AI related pressure on high margin hardware exposure. Analyst Commentary Recent Street research on Regal Rexnord centers on two themes: the reassessment of valuation after multiple price target changes, and the risk that AI-driven automation could pressure high-margin hardware economics over time.
VICR
US$175.80
Vicor
7D
-13.0%
1Y
251.0%
ROK
US$374.07
Rockwell Automation
7D
-6.1%
1Y
41.1%

ROK: Factory Digitization And Profitability Focus Will Support A More Optimistic Outlook

Analysts have nudged their fair value estimate for Rockwell Automation up from $490 to $495, citing updated assumptions around discount rate, revenue growth, profit margin, and future P/E. Together, these changes modestly shift their view of the stock’s risk and earnings profile.
VRT
US$270.06
Vertiv Holdings Co
7D
10.5%
1Y
224.9%

Vertiv Holdings Co (VRT): The Liquid Cooling Standard-Bearer – Entering the S&P 500 on March 23.

Vertiv Holdings Co (VRT) has officially achieved the institutional "gold standard," with S&P Dow Jones Indices announcing after the March 6, 2026, close that the company will join the S&P 500 prior to the opening of trading on Monday, March 23. This promotion follows a historic transformation from an industrial spin-off to a secular AI powerhouse, as the stock trades at $241.72 with a market capitalization of $92.5 billion.
HUBB
US$478.06
Hubbell
7D
-2.1%
1Y
40.4%

HUBB: Firmer AI Demand And 2026 Outlook Will Shape Future Returns

Analysts have nudged their price targets on Hubbell higher into the $465 to $515 range, pointing to updated estimates and a firmer demand outlook supported by artificial intelligence related orders, along with cautious expectations for 2026 guidance. Analyst Commentary Recent research has clustered price targets for Hubbell in the $465 to $515 range, with several bullish analysts pointing to refreshed estimates ahead of Q4 and early views on 2026 guidance.
GNRC
US$210.71
Generac Holdings
7D
-4.7%
1Y
60.4%
TE
US$7.98
T1 Energy
7D
22.6%
1Y
446.6%

TE: Future Returns Will Rely On Austin Cell Buildout And Domestic Content

Analysts have nudged their price target on T1 Energy to $10.50, reflecting refined assumptions around discount rate, revenue growth, profit margin and future P/E. Their overall valuation view remains broadly unchanged.
NXT
US$113.73
Nextpower
7D
12.4%
1Y
153.1%
FPS
US$35.54
Forgent Power Solutions
7D
5.9%
1Y
n/a
EMR
US$140.10
Emerson Electric
7D
-4.4%
1Y
26.5%

EMR: Higher Long Term Margins And P/E Framework Will Support Upside

We are lifting our analyst price target framework for Emerson Electric to $204, with analysts pointing to updated assumptions for revenue growth, profit margins and future P/E as key supports for the higher fair value view. Analyst Commentary Recent Street research around Emerson Electric reflects an active debate, but with a clear cluster of higher price targets from bullish analysts who are leaning into a stronger long term earnings and cash generation profile for the company.