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U.S. Electrical Industry Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies126
  • 7D-3.1%
  • 3M10.6%
  • 1Y38.0%
  • YTD26.0%

Over the last 7 days, the Electrical industry has dropped 3.1%, driven by GE Vernova declining 3.0%. Meanwhile, Fluence Energy actually outperformed within the industry, gaining 27% in the last week. In the past year, the industry has gained 38%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 13 Feb 2023US$312.4bUS$114.4bUS$8.6b21x36.4x2.7x
Wed, 11 Jan 2023US$305.4bUS$114.1bUS$8.8b20.2x34.9x2.7x
Fri, 09 Dec 2022US$301.5bUS$113.5bUS$8.7b18.5x34.8x2.7x
Sun, 06 Nov 2022US$291.6bUS$112.4bUS$8.6b20.1x33.8x2.6x
Tue, 04 Oct 2022US$278.5bUS$108.0bUS$8.4b20x33x2.6x
Price to Earnings Ratio

33x


Total Market Cap: US$278.5bTotal Earnings: US$8.4bTotal Revenue: US$108.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 54.9x202320242025
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 90.9x which is higher than its 3-year average PE of 54.9x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have declined 4.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 13% 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 Market-0.61%
Industrials-0.62%
Electrical-3.06%
Electrical Components-2.02%
Heavy Electrical Equipment-5.43%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 34.1x.
    • Analysts are expecting annual earnings growth of 35.1%, which is higher than its past year's earnings decline of 2.9% 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 46.6x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings decline of 2.9% 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
FLNC Fluence EnergyUS$11.9127.2%
+US$334.1m		-48.0%PS0.6x
PLUG Plug PowerUS$2.378.7%
+US$286.7m		3.9%PS4.2x
NXT NextrackerUS$73.072.4%
+US$254.5m		87.8%PE19.9x
RUN SunrunUS$17.676.6%
+US$251.5m		-4.5%PS1.9x
ADSE ADS-TEC EnergyUS$11.6424.8%
+US$131.5m		-11.1%PS12.5x

Latest News

GEV
US$605.17
GE Vernova
7D
-3.0%
1Y
142.2%
ADSE
US$11.64
ADS-TEC Energy
7D
24.8%
1Y
-11.1%
BE
US$70.32
Bloom Energy
7D
-17.2%
1Y
557.2%
PLUG
US$2.37
Plug Power
7D
8.7%
1Y
3.9%
FLNC
US$11.91
Fluence Energy
7D
27.2%
1Y
-48.0%
EMR
US$128.60
Emerson Electric
7D
-2.8%
1Y
17.7%
EOSE
US$10.12
Eos Energy Enterprises
7D
3.7%
1Y
286.3%

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US$168.27
Generac Holdings
7D
-7.7%
1Y
8.7%

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Generac Holdings’ consensus price target has inched higher to $206.81 as analysts cite strong execution, momentum in data center and energy storage segments, and improving margins from reduced solar exposure, though some caution that valuation now appears full following the recent rally. Analyst Commentary Bullish analysts cite strong execution entering the second half of 2025, narrowed guidance, and early momentum in the data center segment as positives.
SMR
US$38.00
NuScale Power
7D
-18.8%
1Y
202.8%

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Analysts have slightly lowered NuScale Power’s price target to $41.69, reflecting persistent concerns about execution risk, lengthy commercialization timelines, and valuation relative to early project traction, even as new partnerships and rising demand for carbon-free baseload power provide notable upside. Analyst Commentary Major upside potential highlighted from the landmark TVA and ENTRA1 Energy partnership to deploy up to 6GW of NuScale SMR capacity, signaling commercial traction and technology validation.
SHLS
US$7.66
Shoals Technologies Group
7D
5.1%
1Y
31.4%
RUN
US$17.67
Sunrun
7D
6.6%
1Y
-4.5%

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HUBB
US$425.22
Hubbell
7D
-3.7%
1Y
-0.8%
SES
US$1.86
SES AI
7D
17.7%
1Y
145.4%
VRT
US$138.62
Vertiv Holdings Co
7D
-3.5%
1Y
40.9%
NXT
US$73.07
Nextracker
7D
2.4%
1Y
87.8%
ETN
US$365.58
Eaton
7D
-2.4%
1Y
11.3%