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U.S. Electrical Industry Analysis

UpdatedAug 19, 2025
DataAggregated Company Financials
Companies130
  • 7D-0.5%
  • 3M20.6%
  • 1Y49.8%
  • YTD23.8%

Over the last 7 days, the Electrical industry has dropped 1.3%, driven by a pullback from GE Vernova of 4.0%. Meanwhile, Bloom Energy actually outperformed within the industry, gaining 24% in the last week. In the past year, the industry has gained 49%. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Aug 2025US$649.5bUS$157.0bUS$7.4b32.3x87.5x4.1x
Thu, 17 Jul 2025US$631.1bUS$153.6bUS$7.4b27.5x85.1x4.1x
Sat, 14 Jun 2025US$574.7bUS$153.4bUS$7.4b25.5x77.3x3.7x
Mon, 12 May 2025US$501.4bUS$153.1bUS$7.4b22.5x67.4x3.3x
Wed, 09 Apr 2025US$401.2bUS$151.6bUS$6.6b19.7x60.9x2.6x
Fri, 07 Mar 2025US$474.7bUS$151.6bUS$6.5b24x72.7x3.1x
Sun, 02 Feb 2025US$544.8bUS$151.8bUS$9.6b24.2x56.7x3.6x
Tue, 31 Dec 2024US$533.5bUS$151.1bUS$9.3b22.8x57.5x3.5x
Thu, 28 Nov 2024US$578.3bUS$151.1bUS$9.2b24.3x62.9x3.8x
Sat, 26 Oct 2024US$512.8bUS$152.2bUS$7.7b18.7x66.9x3.4x
Mon, 23 Sep 2024US$479.3bUS$151.2bUS$7.4b19x64.8x3.2x
Wed, 21 Aug 2024US$440.8bUS$151.3bUS$7.2b18.2x61x2.9x
Fri, 19 Jul 2024US$476.5bUS$157.0bUS$5.8b20.8x81.5x3x
Sun, 16 Jun 2024US$474.1bUS$159.6bUS$6.2b19.4x76.3x3x
Tue, 14 May 2024US$485.3bUS$160.6bUS$7.7b20.3x63x3x
Thu, 11 Apr 2024US$487.2bUS$159.1bUS$7.4b21.5x65.6x3.1x
Sat, 09 Mar 2024US$431.9bUS$126.0bUS$7.9b21.5x54.9x3.4x
Mon, 05 Feb 2024US$409.5bUS$140.2bUS$8.1b19x50.6x2.9x
Wed, 03 Jan 2024US$399.5bUS$139.3bUS$7.9b20.4x50.5x2.9x
Fri, 01 Dec 2023US$365.1bUS$139.3bUS$8.0b18.4x45.7x2.6x
Sun, 29 Oct 2023US$339.5bUS$144.5bUS$11.5b16.4x29.5x2.3x
Tue, 26 Sep 2023US$381.5bUS$144.2bUS$11.6b20.4x32.9x2.6x
Thu, 24 Aug 2023US$391.2bUS$144.2bUS$11.6b20.1x33.7x2.7x
Sat, 22 Jul 2023US$371.6bUS$131.0bUS$7.8b25.9x47.7x2.8x
Mon, 19 Jun 2023US$349.5bUS$131.1bUS$7.6b24.5x46x2.7x
Wed, 17 May 2023US$307.1bUS$130.8bUS$7.8b20.1x39.4x2.3x
Fri, 14 Apr 2023US$309.3bUS$128.3bUS$7.9b18.4x39.4x2.4x
Sun, 12 Mar 2023US$306.5bUS$116.9bUS$9.3b20x33x2.6x
Tue, 07 Feb 2023US$315.4bUS$113.0bUS$8.9b21.9x35.6x2.8x
Thu, 05 Jan 2023US$295.4bUS$113.8bUS$8.8b19.4x33.7x2.6x
Sat, 03 Dec 2022US$312.8bUS$113.5bUS$8.7b19x36.1x2.8x
Mon, 31 Oct 2022US$288.6bUS$109.2bUS$8.6b20.2x33.7x2.6x
Wed, 28 Sep 2022US$268.7bUS$107.9bUS$8.4b19.3x31.9x2.5x
Fri, 26 Aug 2022US$305.9bUS$106.1bUS$8.5b22.3x36x2.9x
Price to Earnings Ratio

36x


Total Market Cap: US$305.9bTotal Earnings: US$8.5bTotal Revenue: US$106.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 53x202320242025
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 87.5x which is higher than its 3-year average PE of 53.0x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have declined 4.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 14% 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 Market1.26%
Industrials0.73%
Electrical-0.51%
Electrical Components0.66%
Heavy Electrical Equipment-3.14%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 24.0x.
    • Analysts are expecting annual earnings growth of 33.7%, 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 45.3x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 34% 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 15% 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$46.5023.5%
+US$2.1b		294.4%PE460.1x
NXT NextrackerUS$67.7025.8%
+US$2.1b		68.1%PE18.4x
ROK Rockwell AutomationUS$342.824.0%
+US$1.5b		29.3%PE39.9x
RUN SunrunUS$15.5033.6%
+US$899.9m		-23.5%PS1.7x
HUBB HubbellUS$432.223.5%
+US$780.1m		15.0%PE27.7x

Latest News

NXT
US$67.70
Nextracker
7D
25.8%
1Y
68.1%

Global R&D Expansion And Strong Solar Demand Will Strengthen Position, But Profit Margins May Decline

Nextracker’s fair value assessment was essentially maintained, as both the future P/E and discount rate saw only marginal changes, resulting in the consensus analyst price target inching up slightly from $70.21 to $70.68. What's in the News Nextracker secured a contract to supply 1.5 GW of solar trackers and technology to Casa dos Ventos for four new utility-scale solar projects in Brazil, supporting hybrid wind-solar plant development and furthering its strong presence in Latin America.
BE
US$46.50
Bloom Energy
7D
23.5%
1Y
294.4%
ENVX
US$10.17
Enovix
7D
-6.7%
1Y
0.4%

Malaysia Manufacturing And Defense Expansion Will Unlock Battery Opportunities

Enovix's price target was raised to $29.50 as analysts cited strong Q2 results, new product launches in advanced battery technology, and shareholder-friendly capital moves, though some caution valuation after a sharp share price rally. Analyst Commentary Bullish analysts cite robust preliminary Q2 and June results, with revenue and adjusted EBITDA beating expectations, primarily driven by the Korean divisions.
FLNC
US$8.06
Fluence Energy
7D
-11.8%
1Y
-55.2%

US Legislation And Domestic Manufacturing Will Unlock Opportunities

Analysts have modestly lowered their price target for Fluence Energy to $7.63, citing increased regulatory headwinds and industry uncertainty impacting clean energy peers, though the company's relative insulation from some legislative risks and improving international margins have mitigated the downside. Analyst Commentary Bearish analysts cite increased regulatory headwinds following the "One Big Beautiful Bill," which accelerates the phaseout of solar and wind tax credits and tightens construction timelines for new projects.
HUBB
US$432.22
Hubbell
7D
3.5%
1Y
15.0%
ROK
US$342.82
Rockwell Automation
7D
4.0%
1Y
29.3%
SMR
US$34.98
NuScale Power
7D
-8.5%
1Y
271.3%

RoPower SMR Technology Will Accelerate Manufacturing And Deployment

NuScale Power’s consensus price target has increased, driven by higher expectations for future earnings as reflected in the rising forward P/E, despite a modest uptick in the discount rate, resulting in a new fair value target of $40.73. What's in the News NuScale received U.S. NRC design approval for its uprated 250 MWt (77 MWe) SMR module, strengthening its position as the only SMR technology company with NRC approval and supporting near-term ENTRA1 Energy Plant deployment.
ARRY
US$8.42
Array Technologies
7D
53.6%
1Y
25.9%

Little Excitement Around Array Technologies, Inc.'s (NASDAQ:ARRY) Revenues As Shares Take 28% Pounding

Aug 09
Little Excitement Around Array Technologies, Inc.'s (NASDAQ:ARRY) Revenues As Shares Take 28% Pounding
RRX
US$146.66
Regal Rexnord
7D
6.3%
1Y
-8.2%

Getting In Cheap On Regal Rexnord Corporation (NYSE:RRX) Is Unlikely

Aug 09
Getting In Cheap On Regal Rexnord Corporation (NYSE:RRX) Is Unlikely
RUN
US$15.50
Sunrun
7D
33.6%
1Y
-23.5%

Grid And Solar Services Will Shape Future Energy Landscape

Sunrun's consensus price target was modestly raised to $14.00 as analysts cited alleviated regulatory risks from favorable Senate bill revisions, extended tax credit eligibility for solar leases, and improved industry outlook, though ongoing operational and regulatory challenges temper valuation upside. Analyst Commentary Removal of proposed tax credit elimination for leased solar equipment and excise taxes in the latest Senate bill significantly alleviates regulatory risk and allows key residential solar business models to remain viable.
ETN
US$353.50
Eaton
7D
-1.8%
1Y
19.0%
ST
US$32.36
Sensata Technologies Holding
7D
9.9%
1Y
-13.4%
VRT
US$135.69
Vertiv Holdings Co
7D
-3.0%
1Y
72.0%
NNE
US$32.06
NANO Nuclear Energy
7D
-8.8%
1Y
189.6%
GEV
US$625.02
GE Vernova
7D
-4.0%
1Y
237.1%
PSIX
US$87.11
Power Solutions International
7D
-9.6%
1Y
406.2%