NasdaqGS:POWLElectrical
Powell Industries (POWL) Stock Price Cools As Backlog Swells Past US$2.4b
Powell Industries came into this print as a high‑expectation stock after a strong multi‑year run, yet the share price slipped about 4% to US$211.38 on the first trading day after the release. That pullback sits awkwardly beside a quarter built around one thing that is hard to dismiss: orders and backlog.
The headline is simple. Powell Industries booked record new orders of US$934 million and lifted backlog to more than US$2.4 billion, while generating US$312 million of revenue and US$52.2...