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U.S. Electrical Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies132
  • 7D-4.2%
  • 3M19.5%
  • 1Y82.4%
  • YTD14.2%

Over the last 7 days, the Electrical industry has dropped 6.7%, driven by GE Vernova declining 4.0%. Over the past 12 months, the industry was up 78%. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026US$792.2bUS$167.6bUS$14.8b32.4x53.5x4.7x
Fri, 27 Feb 2026US$892.9bUS$166.6bUS$11.3b34.3x78.9x5.4x
Sun, 25 Jan 2026US$750.1bUS$162.2bUS$7.5b32.5x100.5x4.6x
Tue, 23 Dec 2025US$690.9bUS$161.8bUS$7.4b31.7x93.1x4.3x
Thu, 20 Nov 2025US$662.9bUS$162.0bUS$7.5b27.6x88x4.1x
Sat, 18 Oct 2025US$713.4bUS$157.3bUS$7.3b30.4x97.5x4.5x
Mon, 15 Sep 2025US$670.0bUS$157.1bUS$7.3b30.5x91.3x4.3x
Wed, 13 Aug 2025US$658.2bUS$157.0bUS$7.4b32.4x88.5x4.2x
Fri, 11 Jul 2025US$625.3bUS$153.6bUS$7.4b28x84.3x4.1x
Sun, 08 Jun 2025US$567.5bUS$153.4bUS$7.4b26.4x76.6x3.7x
Tue, 06 May 2025US$485.3bUS$153.5bUS$7.4b22.1x65.2x3.2x
Thu, 03 Apr 2025US$449.4bUS$151.5bUS$6.6b23x68.1x3x
Sat, 01 Mar 2025US$489.0bUS$151.6bUS$7.3b23.9x66.9x3.2x
Mon, 27 Jan 2025US$589.9bUS$151.7bUS$9.5b24x62.1x3.9x
Wed, 25 Dec 2024US$542.3bUS$151.1bUS$9.3b23x58.5x3.6x
Fri, 22 Nov 2024US$565.6bUS$150.6bUS$9.2b23x61.2x3.8x
Sun, 20 Oct 2024US$513.1bUS$151.2bUS$7.5b19.5x68.3x3.4x
Tue, 17 Sep 2024US$454.1bUS$151.2bUS$7.4b18.1x61.5x3x
Thu, 15 Aug 2024US$433.5bUS$151.3bUS$7.2b18.2x60.1x2.9x
Sat, 13 Jul 2024US$484.4bUS$157.0bUS$5.8b19.7x82.9x3.1x
Mon, 10 Jun 2024US$471.4bUS$159.6bUS$6.2b19.7x76.1x3x
Wed, 08 May 2024US$479.0bUS$160.6bUS$7.7b21.4x62.5x3x
Fri, 05 Apr 2024US$454.5bUS$125.8bUS$7.9b22.3x57.7x3.6x
Sun, 03 Mar 2024US$431.9bUS$126.0bUS$7.9b20.4x54.8x3.4x
Tue, 30 Jan 2024US$396.5bUS$139.2bUS$8.0b19.8x49.8x2.8x
Thu, 28 Dec 2023US$407.2bUS$139.3bUS$7.9b20.7x51.4x2.9x
Sat, 25 Nov 2023US$366.1bUS$139.0bUS$7.9b18.8x46.1x2.6x
Mon, 23 Oct 2023US$343.0bUS$144.1bUS$11.5b17.2x29.9x2.4x
Wed, 20 Sep 2023US$388.4bUS$144.2bUS$11.6b20x33.6x2.7x
Fri, 18 Aug 2023US$387.7bUS$144.7bUS$11.9b18.9x32.6x2.7x
Sun, 16 Jul 2023US$367.5bUS$130.9bUS$7.8b26x47.2x2.8x
Tue, 13 Jun 2023US$342.5bUS$131.1bUS$7.7b25.1x44.7x2.6x
Thu, 11 May 2023US$309.4bUS$130.4bUS$7.7b20.6x40.2x2.4x
Sat, 08 Apr 2023US$300.4bUS$128.1bUS$7.9b17.6x38x2.3x
Price to Earnings Ratio

38x


Total Market Cap: US$300.4bTotal Earnings: US$7.9bTotal Revenue: US$128.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 63.4x202420252026
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 55.2x which is lower than its 3-year average PE of 63.4x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.9x.
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 9.3% 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-0.61%
Industrials-1.44%
Electrical-4.19%
Electrical Components-3.81%
Heavy Electrical Equipment-4.93%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average PE ratio of 74.1x.
    • Analysts are expecting annual earnings growth of 24.8%, which is lower than the prior year's growth of 284.9% per year.
  • Investors are most pessimistic about the Electrical Components industry, which is trading close to its 3-year average of 53.2x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 25% over the next 5 years.
  • 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
EMR Emerson ElectricUS$131.020.7%
+US$488.9m		19.1%PE31.9x
RUN SunrunUS$13.566.4%
+US$189.9m		108.9%PE7.1x
WATT EnergousUS$15.69-13.4%
US$46.9m		81.6%PS15.3x
PSIX Power Solutions InternationalUS$60.883.1%
+US$41.7m		134.9%PE12.3x
BW Babcock & Wilcox EnterprisesUS$14.691.9%
+US$36.5m		3,109.5%PS3.4x

Latest News

NVT
US$118.28
nVent Electric
7D
-5.8%
1Y
122.2%

NVT: Acquisition Pipeline And Buybacks Will Drive Future Upside Potential

Analysts now set a $150 price target for nVent Electric, up from $145, reflecting updated assumptions that combine a higher revenue growth outlook with slightly lower profit margin expectations and a modestly higher future P/E multiple. What's in the News Completed repurchase of 6,359,440 shares, or 3.85% of shares, for $352.28 million under the buyback program announced on May 17, 2024, with no additional shares repurchased between October 1, 2025 and December 31, 2025 (Key Developments).
BE
US$135.49
Bloom Energy
7D
-7.1%
1Y
537.9%
EAF
US$6.78
GrafTech International
7D
12.1%
1Y
-25.7%
AMSC
US$33.85
American Superconductor
7D
0.9%
1Y
78.7%
FPS
US$29.27
Forgent Power Solutions
7D
-18.2%
1Y
n/a
WATT
US$15.69
Energous
7D
-13.4%
1Y
81.6%
VICR
US$161.00
Vicor
7D
-10.8%
1Y
242.4%

VICR: Higher P/E Assumptions And Index Shift Will Support Bullish View

Analysts have raised their Vicor price target by $60. They cite updated assumptions on the discount rate, revenue growth, profit margin, and future P/E that together support a refreshed view of the stock's potential value.
VRT
US$250.58
Vertiv Holdings Co
7D
-7.5%
1Y
232.9%
EMR
US$131.02
Emerson Electric
7D
0.7%
1Y
19.1%

EMR: AI Automation Demand And High Margins Will Drive Future Upside

Emerson Electric's analyst price targets have generally moved higher, with several firms lifting their views by $4 to $30 to reflect updated expectations around AI driven demand and software exposure, while also flagging emerging competitive risks in high margin hardware and automation software. Analyst Commentary Bullish analysts are focusing on Emerson Electric's mix of high margin automation hardware and software, with several research notes pointing to AI related demand as an important theme in recent price target updates.
ETN
US$357.67
Eaton
7D
-4.4%
1Y
29.3%

ETN: AI Data Center And Thermal Demand Will Drive Future Upside

Analysts have nudged Eaton's fair value estimate higher, with the updated price target moving from $483.16 to $491.40 as they factor in the Boyd Thermal acquisition, changes to P/E assumptions, and a refreshed view on revenue growth and profitability. Analyst Commentary Recent research updates show a mix of views on Eaton, with some firms trimming price targets and others lifting them or upgrading ratings following the Boyd Thermal acquisition and model refreshes.
BW
US$14.69
Babcock & Wilcox Enterprises
7D
1.9%
1Y
3,109.5%
GEV
US$872.90
GE Vernova
7D
-4.0%
1Y
176.5%

GEV: Index Inclusion And Energy Contracts Will Support Balanced Long Term Returns

Analysts have raised their price target for GE Vernova to $861.62 from $819.92, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E, which together indicate a higher estimated fair value for the business. What's in the News GE Vernova is being added to the S&P 100 index, bringing the stock into a major benchmark followed by large institutional investors (Index Constituent Adds).
RUN
US$13.56
Sunrun
7D
6.4%
1Y
108.9%

RUN: Financing Complexity And Grid Projects Will Shape Future Cash Generation Potential

Sunrun's analyst fair value estimate has been revised down from $16.37 to $12.81 as analysts factor in lower solar origination growth, a more muted revenue outlook, and slightly softer margin expectations, despite mixed views on long term cash generation and valuation. Analyst Commentary Recent Street research on Sunrun highlights a split view, with a cluster of reduced price targets and rating downgrades offset by some more constructive opinions that emphasize cash generation and operational progress.
PSIX
US$60.88
Power Solutions International
7D
3.1%
1Y
134.9%
GNRC
US$195.33
Generac Holdings
7D
-6.6%
1Y
54.6%

GNRC: AI Data Center Power Demand Will Reshape 2026 Outlook

Analysts have maintained the fair value estimate for Generac at $292.00 while updating their price targets and ratings. They cite that many of the expected 2026 catalysts now appear reflected in the shares, following a wave of recent target increases and valuation-driven downgrades.
ADSE
US$11.50
ADS-TEC Energy
7D
4.5%
1Y
-19.3%