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Best Electrical Equipment & Part Stocks to Buy Now (2024)

Top electrical equipment & part stocks in 2024 ranked by overall Due Diligence Score. See the best electrical equipment & part stocks to buy now, according to analyst forecasts for the electrical equipment & parts industry.

According to Due Diligence Score, the 3 best electrical equipment & part stocks to buy right now are:

Powell Industries (NASDAQ:POWL) is the top electrical equipment & part stock with a Due Diligence Score of 62, which is 35 points higher than the electrical equipment & part industry average of 27. It passed 24 out of 38 due diligence checks and has strong fundamentals. Powell Industries has seen its stock return 237.75% over the past year, overperforming other electrical equipment & part stocks by 241 percentage points.

Vertiv Holdings Co (NYSE:VRT) is the second best electrical equipment & part stock with a Due Diligence Score of 59, which is 32 points higher than the electrical equipment & part industry average of 27. It passed 23 out of 38 due diligence checks and has strong fundamentals. Vertiv Holdings Co has seen its stock return 203.1% over the past year, overperforming other electrical equipment & part stocks by 206 percentage points.

Vertiv Holdings Co has an average 1 year price target of $138.50, an upside of 3.47% from Vertiv Holdings Co's current stock price of $133.85.

Vertiv Holdings Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Vertiv Holdings Co, 70% have issued a Strong Buy rating, 30% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Cbak Energy Technology (NASDAQ:CBAT) is the third best electrical equipment & part stock with a Due Diligence Score of 57, which is 30 points higher than the electrical equipment & part industry average of 27. It passed 18 out of 33 due diligence checks and has strong fundamentals. Cbak Energy Technology has seen its stock lose -13.24% over the past year, underperforming other electrical equipment & part stocks by -10 percentage points.

Out of 11 electrical equipment & part stocks that have issued dividends in the past year, the 3 electrical equipment & part stocks with the highest dividend yields are:

Energizer Holdings (NYSE:ENR) has an annual dividend yield of 3.17%, which is 2 percentage points higher than the electrical equipment & part industry average of 1.05%. Energizer Holdings's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Energizer Holdings's dividend has shown consistent growth over the last 10 years.

Energizer Holdings's dividend payout ratio of 226.4% indicates that its dividend yield might not be sustainable for the long-term.

Espey Mfg & Electronics (NYSEMKT:ESP) has an annual dividend yield of 2.59%, which is 2 percentage points higher than the electrical equipment & part industry average of 1.05%. Espey Mfg & Electronics's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Espey Mfg & Electronics's dividend has not shown consistent growth over the last 10 years.

Espey Mfg & Electronics's dividend payout ratio of 30.6% indicates that its dividend yield is sustainable for the long-term.

Atkore (NYSE:ATKR) has an annual dividend yield of 1.44%, which is the same as the electrical equipment & part industry average of 1.05%.

Atkore's dividend payout ratio of 7.5% indicates that its dividend yield is sustainable for the long-term.

Electrical equipment & part stocks were down -0.36% in the last day, and up 0.73% over the last week.

We couldn't find a catalyst for why electrical equipment & part stocks are down.

Based on WallStreetZen's Valuation Score, the 3 most undervalued electrical equipment & part stocks right now are:

Cbak Energy Technology (NASDAQ:CBAT) is the most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Cbak Energy Technology has a valuation score of 71, which is 53 points higher than the electrical equipment & part industry average of 18. It passed 5 out of 7 valuation due diligence checks.

Cbak Energy Technology's stock has dropped -13.24% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -10 percentage points.

Espey Mfg & Electronics (NYSEMKT:ESP) is the second most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Espey Mfg & Electronics has a valuation score of 57, which is 39 points higher than the electrical equipment & part industry average of 18. It passed 4 out of 7 valuation due diligence checks.

Espey Mfg & Electronics's stock has gained 66.13% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 69 percentage points.

Enersys (NYSE:ENS) is the third most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Enersys has a valuation score of 57, which is 39 points higher than the electrical equipment & part industry average of 18. It passed 4 out of 7 valuation due diligence checks.

Enersys's stock has gained 5.19% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 8 percentage points.