NasdaqGS:POWLElectrical
Did Record Backlog and Utility Pivot Just Shift Powell Industries' (POWL) Investment Narrative?
At the March 23, 2026 Roth Conference, Powell Industries’ CEO Brett Cope and CFO Mike Metcalf highlighted a record US$1.60 billion backlog underpinned by major LNG and data-center project wins, alongside planned manufacturing expansions and the Remsdaq acquisition to enhance digital automation capabilities.
A key development is Powell’s deliberate pivot toward utilities and commercial/data-center customers, using domestic manufacturing depth and execution reliability to stand out against...