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U.S. Electrical Industry Analysis

UpdatedMay 18, 2026
DataAggregated Company Financials
Companies133
  • 7D-1.6%
  • 3M20.7%
  • 1Y88.2%
  • YTD42.3%

Over the last 7 days, the Electrical industry has dropped 1.6%, driven by declines in Eaton and GE Vernova of 4.7% and 2.2%, respectively. In contrast, Nextpower has gained 14%. In the past year, the industry has gained 88%. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 May 2026US$1.1tUS$172.3bUS$20.0b36.6x52.8x6.1x
Wed, 15 Apr 2026US$946.5bUS$167.5bUS$14.9b35.7x63.7x5.7x
Fri, 13 Mar 2026US$857.8bUS$166.9bUS$15.0b31.4x57.2x5.1x
Sun, 08 Feb 2026US$834.5bUS$166.0bUS$11.1b35.8x75x5x
Tue, 06 Jan 2026US$723.5bUS$161.8bUS$7.4b30.8x97.4x4.5x
Thu, 04 Dec 2025US$688.2bUS$161.8bUS$7.4b31.2x93.1x4.3x
Sat, 01 Nov 2025US$727.8bUS$159.8bUS$8.0b31.8x91.4x4.6x
Mon, 29 Sep 2025US$667.0bUS$157.1bUS$7.3b29.3x91x4.2x
Wed, 27 Aug 2025US$646.3bUS$157.1bUS$7.4b30.8x87.6x4.1x
Fri, 25 Jul 2025US$670.9bUS$154.5bUS$6.7b28.4x100.4x4.3x
Sun, 22 Jun 2025US$578.1bUS$153.4bUS$7.4b27.6x77.7x3.8x
Tue, 20 May 2025US$541.8bUS$153.3bUS$7.3b22x73.9x3.5x
Thu, 17 Apr 2025US$435.6bUS$151.6bUS$6.6b21.3x66.1x2.9x
Sat, 15 Mar 2025US$452.7bUS$151.6bUS$6.4b23.7x70.6x3x
Mon, 10 Feb 2025US$533.9bUS$151.2bUS$9.7b26.8x55x3.5x
Wed, 08 Jan 2025US$559.5bUS$151.1bUS$9.2b22.7x60.7x3.7x
Fri, 06 Dec 2024US$579.3bUS$151.1bUS$9.3b23.5x62.5x3.8x
Sun, 03 Nov 2024US$508.5bUS$153.0bUS$7.9b19x64.4x3.3x
Tue, 01 Oct 2024US$487.5bUS$151.2bUS$7.4b20.3x65.8x3.2x
Thu, 29 Aug 2024US$443.2bUS$151.3bUS$7.3b18.3x60.9x2.9x
Sat, 27 Jul 2024US$457.5bUS$157.3bUS$7.4b20.2x62.2x2.9x
Mon, 24 Jun 2024US$474.7bUS$159.6bUS$6.2b18.9x76.4x3x
Wed, 22 May 2024US$490.3bUS$160.8bUS$7.8b21x62.8x3x
Fri, 19 Apr 2024US$457.6bUS$159.1bUS$7.5b20.1x61.1x2.9x
Sun, 17 Mar 2024US$433.2bUS$126.0bUS$7.9b20.8x54.6x3.4x
Tue, 13 Feb 2024US$416.1bUS$130.3bUS$9.6b20x43.6x3.2x
Thu, 11 Jan 2024US$393.7bUS$139.2bUS$7.9b19.6x49.6x2.8x
Sat, 09 Dec 2023US$373.1bUS$139.3bUS$7.9b19.4x47x2.7x
Mon, 06 Nov 2023US$357.2bUS$145.7bUS$9.9b17.5x36.3x2.5x
Wed, 04 Oct 2023US$372.8bUS$144.2bUS$11.5b18.4x32.4x2.6x
Fri, 01 Sep 2023US$404.2bUS$144.2bUS$11.6b20.4x34.8x2.8x
Sun, 30 Jul 2023US$365.6bUS$131.1bUS$7.8b25.8x47.1x2.8x
Tue, 27 Jun 2023US$348.9bUS$131.1bUS$7.6b25.7x45.9x2.7x
Thu, 25 May 2023US$309.0bUS$130.9bUS$7.7b22.2x39.9x2.4x
Price to Earnings Ratio

39.9x


Total Market Cap: US$309.0bTotal Earnings: US$7.7bTotal Revenue: US$130.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 64.1x202420252026
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 52.8x which is lower than its 3-year average PE of 64.1x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 6.1x.
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 9.6% 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-0.26%
Industrials-2.09%
Electrical-1.65%
Heavy Electrical Equipment-1.07%
Electrical Components-1.99%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 54.3x.
    • Analysts are expecting annual earnings growth of 18.9%, which is lower than the prior year's growth of 21.4% per year.
  • Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 77.3x.
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
NXT NextpowerUS$144.2914.3%
+US$2.7b		147.3%PE36.6x
VRT Vertiv Holdings CoUS$370.940.8%
+US$1.2b		248.6%PE91.4x
FPS Forgent Power SolutionsUS$45.024.6%
+US$485.3m		n/aPE420.4x
ST Sensata Technologies HoldingUS$48.507.1%
+US$466.8m		82.0%PE145.4x
BW Babcock & Wilcox EnterprisesUS$21.8515.5%
+US$399.1m		2,576.1%PS4.5x

Latest News

FCEL
US$21.36
FuelCell Energy
7D
34.0%
1Y
337.7%
PLUG
US$3.78
Plug Power
7D
7.4%
1Y
379.2%
BE
US$275.95
Bloom Energy
7D
-2.8%
1Y
1,335.0%
BW
US$21.85
Babcock & Wilcox Enterprises
7D
15.5%
1Y
2,576.1%
Seeking Alpha • 12h

Babcock & Wilcox: Spectacular Performance Continues

Summary Babcock & Wilcox has experienced a sharp share price rally, prompting a $200M equity raise at $18.50 per share. Q1 revenue surged 44% to $214M, with adjusted EBITDA quadrupling to $16.1M and bookings soaring to $2.5B, driven by a major datacenter project. Net debt has been eliminated, leaving Babcock with a $150M net cash position and a $3.2B market cap, but valuation has expanded to 35x EBITDA. 2026 adjusted EBITDA guidance was raised to $80–$100M, reflecting optimism around AI/datacenter exposure, though modeling contributions remains challenging. Read the full article on Seeking Alpha
ST
US$48.50
Sensata Technologies Holding
7D
7.1%
1Y
82.0%
VRT
US$370.94
Vertiv Holdings Co
7D
0.8%
1Y
248.6%
Narrative Update • May 17

VRT: AI Data Center Capacity Expansion Will Drive Future Upside Potential

Analysts have lifted their price target for Vertiv Holdings Co. from $394.00 to $488.20, reflecting updated assumptions around revenue growth of 34.84%, an adjusted profit margin of 18.75%, and a higher future P/E of about 50.48x under a slightly increased discount rate of 9.74%. What's in the News Issued earnings guidance for the second quarter, with expected net sales of US$3.25b to US$3.45b, GAAP operating profit of US$639.6m, GAAP net income of US$477.2m and diluted EPS of US$1.22, alongside updated full year 2026 guidance for net sales of US$13.5b to US$14.0b, GAAP operating profit of US$2,882.6m, GAAP net income of US$2,213.0m and diluted EPS of US$5.60 to US$5.70 (Corporate guidance) Announced roughly US$50m of investment to expand manufacturing in Ironton, Ohio, and headquarters facilities in Westerville, Ohio, with the projects expected to create hundreds of jobs through 2029 and increase liquid cooling and chilled water system capacity by about 45% (Business expansion) Disclosed four new or expanding manufacturing facilities in the Americas, including additional South Carolina sites expected to lift regional capacity by about 7x and a Mexicali, Mexico expansion anticipated to increase capacity by about 45% for power technologies serving high density AI applications (Business expansion) Added to multiple equity indices, including the S&P 500, S&P 500 Growth, S&P 500 Industrials, S&P Composite 1500, S&P Global 1200 and several related sub indices, while also being removed from the Russell Small Cap Comp Growth Index (Index changes) Expanded data center partnerships and offerings, including collaboration on NVIDIA AI factory reference designs, a Bring Your Own Power & Cooling solution with Generate Capital for power constrained data centers, and new high capacity Vertiv PowerBar Track busway systems targeted at AI workloads (Client, alliance and product announcements) Valuation Changes Fair Value: Updated from $394.00 to $488.20, reflecting a higher implied valuation per share.
FPS
US$45.02
Forgent Power Solutions
7D
4.6%
1Y
n/a
AME
US$227.90
AMETEK
7D
-1.8%
1Y
25.3%
NXT
US$144.29
Nextpower
7D
14.3%
1Y
147.3%
Narrative Update • May 15

NXT: U.S. Manufacturing And Data Partnerships Will Support Balanced Long Term Opportunity

Analysts have lifted their price target for Nextpower from $121.74 to $142.04, citing updated assumptions that include higher projected revenue growth, a slightly stronger profit margin, a modestly higher discount rate, and a richer future P/E multiple. What's in the News Updated fiscal 2027 guidance: Nextpower now expects revenue of $3.8b to $4.1b, GAAP net income of $501 million to $559 million, and GAAP diluted EPS of $3.19 to $3.56 for the year (Corporate guidance).
ETN
US$399.44
Eaton
7D
-4.7%
1Y
21.3%
Narrative Update • May 14

ETN: Future Returns Will Reflect AI Power Demand And Execution Risks

Analysts have lifted the Eaton price target by about $41 to reflect updated assumptions for fair value near $450, a higher discount rate, stronger revenue growth expectations, slightly lower profit margin estimates, and a modestly higher future P/E multiple, supported by a series of recent target increases and bullish initiations on the stock. Analyst Commentary Recent research on Eaton has been active, with several firms updating price targets and coverage views in quick succession.
EMR
US$133.05
Emerson Electric
7D
-4.6%
1Y
11.3%
HYLN
US$4.67
Hyliion Holdings
7D
69.2%
1Y
248.5%
GEV
US$1,049.23
GE Vernova
7D
-2.2%
1Y
134.9%
Seeking Alpha • May 14

GE Vernova: Why I Believe This Power Infrastructure Winner Has 60% Upside

Summary I am rating GE Vernova a Strong Buy because I believe the AI infrastructure trade is shifting from chips to electricity and sits inside that bottleneck through its portfolio. The main growth drivers are Power and Electrification. My model assumes 2028 Power EBITDA of $8Bn and 2028 Electrification EBITDA of $6.1Bn, helped by backlog growth, pricing and data-center demand. My price target is $1,717 per share implying a 60% potential upside. The PT is based on $13.7Bn of 2028 adjusted EBITDA and a 34x EBITDA multiple. The biggest risk is valuation compression if Power and Electrification growth disappoints. Still, I believe that the the risk-reward remains attractive. Read the full article on Seeking Alpha
POWL
US$292.65
Powell Industries
7D
-9.1%
1Y
380.9%
VICR
US$273.67
Vicor
7D
-12.6%
1Y
534.2%
XE
US$27.30
X-Energy
7D
-17.5%
1Y
n/a