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U.S. Electrical Industry Analysis

UpdatedJun 29, 2026
DataAggregated Company Financials
Companies133
  • 7D-6.9%
  • 3M29.3%
  • 1Y65.3%
  • YTD38.7%

Over the last 7 days, the Electrical industry has dropped 6.9%, driven by a pullback from Bloom Energy of 27%. In contrast, Acuity has gained 14%. Over the past 12 months, the industry was up 65%. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Jun 2026US$1.0tUS$171.9bUS$20.1b39.2x51.1x6x
Wed, 27 May 2026US$1.0tUS$172.3bUS$19.9b39.2x52.2x6x
Fri, 24 Apr 2026US$1.0tUS$169.4bUS$19.6b34.1x51.9x6x
Sun, 22 Mar 2026US$830.5bUS$167.2bUS$15.0b30.8x55.5x5x
Tue, 17 Feb 2026US$853.6bUS$166.6bUS$11.2b36.1x76.2x5.1x
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
Price to Earnings Ratio

45.9x


Total Market Cap: US$358.2bTotal Earnings: US$7.8bTotal Revenue: US$130.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 64.4x202420252026
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 51.1x which is lower than its 3-year average PE of 64.4x.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 6.0x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 9.5% 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-2.52%
Industrials-0.24%
Electrical-6.94%
Electrical Components-4.81%
Heavy Electrical Equipment-10.30%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 55.2x.
    • Analysts expect its future annual earnings growth (19.0%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 79.5x.
Forecasted Growth
  • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Heavy Electrical Equipment 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
AYI AcuityUS$362.4812.7%
+US$1.1b		21.5%PE22.8x
LYTS LSI IndustriesUS$26.562.0%
+US$18.5m		56.1%PE39.6x
XCH XCHGUS$0.8731.2%
+US$15.0m		-35.1%PS2.5x
OESX Orion Energy SystemsUS$11.3217.4%
+US$6.8m		88.6%PS0.5x
GWH ESS TechUS$0.8514.8%
+US$3.2m		-36.1%PS22.5x

Latest News

NXT
US$106.95
Nextpower
7D
-17.1%
1Y
96.7%
BE
US$252.02
Bloom Energy
7D
-27.1%
1Y
953.6%
AYI
US$362.48
Acuity
7D
12.7%
1Y
21.5%
VRT
US$303.95
Vertiv Holdings Co
7D
-15.1%
1Y
136.7%
GEV
US$1,045.17
GE Vernova
7D
-7.3%
1Y
97.5%
Seeking Alpha • 7h

GE Vernova: A Significant Upside, No Room For Mistake

Summary GE Vernova Inc. is positioned at the tightest bottleneck in the AI-driven power infrastructure cycle, with unmatched exposure to gas turbines and transformers. GEV's Q1 2026 results highlight surging demand: 71% YoY order growth, a record $163 billion backlog, and strong pricing power with hardware capacity reserved through 2030. Recent Prolec GE acquisition and electrification orders ($7.1B in Q1 2026) reinforce GEV's strategic grid position and long-term growth visibility. I reiterate a Buy rating with a $1,338 price target (~28% upside), but caution that GEV is priced for perfection, leaving little room for execution missteps. Read the full article on Seeking Alpha
XCH
US$0.87
XCHG
7D
31.2%
1Y
-35.1%
OESX
US$11.32
Orion Energy Systems
7D
17.4%
1Y
88.6%
Narrative Update • Jun 26

OESX: Data Center Lighting Demand Will Support Stronger Profitability Ahead

Analysts have lifted their price target for Orion Energy Systems from $18 to $22, citing updated assumptions around discount rates, profit margins, revenue growth, and a lower projected future P/E multiple. What’s in the News for Orion Energy Systems Orion Energy Systems announced its first customer deployment of the MPHL2 LED lighting solution at a data center, with the customer indicating an expectation that the project scope could expand over the coming months and years.
ETN
US$402.68
Eaton
7D
-7.6%
1Y
12.8%
Narrative Update • Jun 26

ETN: AI Data Center Story Will Face Mobility Deal Execution Risks

Analysts have lifted their blended price target for Eaton to about $346 from roughly $329, reflecting updated views on its earnings power, margin profile and valuation multiples following a series of recent research revisions. Analyst Commentary Recent research updates on Eaton highlight a mix of optimism on the earnings and margin story alongside a more restrained tone from some corners of the Street.
GWH
US$0.85
ESS Tech
7D
14.8%
1Y
-36.1%
Narrative Update • Jun 26

GWH: Sodium Ion Platform And New Horizon Progress Will Drive Rebound

Analysts have reduced their price target on ESS Tech stock to $2.00 from $2.50, citing a weak Q1 during the company's commercialization transition for its Energy Base platform, while also acknowledging ongoing progress on projects such as New Horizon with SRP and Google as key factors in their updated view. What’s in the News for ESS Tech ESS Tech received a notice from the New York Stock Exchange that its 30 trading day average closing share price was US$0.98 as of June 8, 2026, below the US$1.00 minimum required for continued listing.
NVT
US$162.92
nVent Electric
7D
-11.6%
1Y
122.4%
LYTS
US$26.56
LSI Industries
7D
2.0%
1Y
56.1%
Narrative Update • Jun 24

LYTS: Refrigeration Partnership Will Support Future Share Price Upside

Analysts have kept their price target for LSI Industries steady at $30.00, with only minor model adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions supporting this unchanged view. What's in the News LSI Industries entered a partnership with Carter Thermal Industries Group that makes LSI Industries the exclusive partner across the United States and Canada for Carter Thermal Industries Group's advanced refrigerated display and store solutions, effective May 28, 2026.
INIO
US$37.29
Innio
7D
-9.3%
1Y
n/a
EMR
US$143.49
Emerson Electric
7D
-4.5%
1Y
7.6%
Narrative Update • Jun 22

EMR: Long Term Energy Projects And Industrial AI Partnerships Will Shape Returns

Emerson Electric's analyst price target has been nudged slightly lower by less than $1 as analysts balance mixed ratings and revised targets, while also noting that the company has exposure to long-term demand trends and limited software risk from AI. Analyst Commentary Recent research on Emerson Electric highlights a mix of enthusiasm about its exposure to long-term demand trends and caution around execution risks and valuation, which helps explain the small adjustment in the overall analyst price target picture.
TURB
US$1.53
Turbo Energy
7D
11.7%
1Y
-34.7%
WBX
US$3.97
Wallbox
7D
2.6%
1Y
-37.5%
PN
US$3.72
PN Smart Energy
7D
6.0%
1Y
-93.3%