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Best Electrical Equipment & Part Stocks to Buy Now (2024)
Top electrical equipment & part stocks in 2024 ranked by overall Zen Score. See the best electrical equipment & part stocks to buy now, according to analyst forecasts for the electrical equipment & parts industry.

Industry: Electrical Equipment & Pa...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
WIRE
ENCORE WIRE CORP
NASDAQ
Electrical Equipment & Parts
$4.11B$260.980.20%$516.69M11.83x0.13
PPSI
PIONEER POWER SOLUTIONS INC
NASDAQ
Electrical Equipment & Parts
$42.80M$4.31-1.82%$3.27M23.94x0.93
POWL
POWELL INDUSTRIES INC
NASDAQ
Electrical Equipment & Parts
$1.51B$125.95-3.03%$105.33M19.38x1.21
ESP
ESPEY MFG & ELECTRONICS CORP
NYSEMKT
Electrical Equipment & Parts
$62.08M$22.900.13%$6.38M12.12x0.32
ENR
ENERGIZER HOLDINGS INC
NYSE
Electrical Equipment & Parts
$1.97B$27.44-0.40%$409.90M20.95x24.93
AEIS
ADVANCED ENERGY INDUSTRIES INC
NASDAQ
Electrical Equipment & Parts
$3.60B$96.52-3.17%$203.10M28.22x1.24
HUBB
HUBBELL INC
NYSE
Electrical Equipment & Parts
$21.54B$401.74-1.11%$1.16B28.41x1.40
AYI
ACUITY BRANDS INC
NYSE
Electrical Equipment & Parts
$7.93B$257.58-2.80%$590.20M21.27x0.64
ENS
ENERSYS
NYSE
Electrical Equipment & Parts
$3.67B$90.91-0.37%$445.99M13.55x1.03
PLPC
PREFORMED LINE PRODUCTS CO
NASDAQ
Electrical Equipment & Parts
$607.01M$123.78-1.74%$105.16M9.62x0.45
KE
KIMBALL ELECTRONICS INC
NASDAQ
Electrical Equipment & Parts
$515.04M$20.71-1.33%$129.62M9.46x1.34
RAYA
ERAYAK POWER SOLUTION GROUP INC
NASDAQ
Electrical Equipment & Parts
$8.06M$0.67-5.35%$3.29M3.73x0.81
NVT
NVENT ELECTRIC PLC
NYSE
Electrical Equipment & Parts
$12.24B$74.17-0.97%$720.30M21.69x0.96
ULBI
ULTRALIFE CORP
NASDAQ
Electrical Equipment & Parts
$147.36M$8.960.67%$15.08M20.36x0.42
ATKR
ATKORE INC
NYSE
Electrical Equipment & Parts
$6.31B$171.57-1.97%$970.93M10.13x0.95
CBAT
CBAK ENERGY TECHNOLOGY INC
NASDAQ
Electrical Equipment & Parts
$85.42M$0.951.93%$9.94M-31.67x1.49
HAYW
HAYWARD HOLDINGS INC
NYSE
Electrical Equipment & Parts
$2.97B$13.85-1.28%$227.73M36.45x1.25
GWH
ESS TECH INC
NYSE
Electrical Equipment & Parts
$117.71M$0.67-2.89%-$69.83M-1.40x0.39
LTBR
LIGHTBRIDGE CORP
NASDAQ
Electrical Equipment & Parts
$39.18M$2.810.36%-$7.91M-4.32x0.02
ZEO
ZEO ENERGY CORP
NASDAQ
Electrical Equipment & Parts
$217.39M$5.401.50%$8.21M0.87x0.48
AMPX
AMPRIUS TECHNOLOGIES INC
NYSE
Electrical Equipment & Parts
$172.20M$1.88-3.59%-$33.82M-4.37x0.80
VRT
VERTIV HOLDINGS CO
NYSE
Electrical Equipment & Parts
$32.04B$83.89-2.84%$984.80M69.33x2.97
FCEL
FUELCELL ENERGY INC
NASDAQ
Electrical Equipment & Parts
$497.05M$1.10-3.51%-$70.58M-4.23x0.27
SLDP
SOLID POWER INC
NASDAQ
Electrical Equipment & Parts
$291.56M$1.61-6.94%-$52.74M-4.35x0.06
ENVX
ENOVIX CORP
NASDAQ
Electrical Equipment & Parts
$1.23B$7.31-0.41%-$176.24M-5.41x1.18
APWC
ASIA PACIFIC WIRE & CABLE CORP LTD
NASDAQ
Electrical Equipment & Parts
$29.07M$1.410.00%$14.17M7.42x1.05
BE
BLOOM ENERGY CORP
NYSE
Electrical Equipment & Parts
$2.42B$10.74-5.62%-$95.70M-7.56x3.77
FLUX
FLUX POWER HOLDINGS INC
NASDAQ
Electrical Equipment & Parts
$77.70M$4.70-2.89%-$2.75M-13.06x4.10
MVST
MICROVAST HOLDINGS INC
NASDAQ
Electrical Equipment & Parts
$163.36M$0.520.19%-$78.01M-1.51x0.94
HOLI
HOLLYSYS AUTOMATION TECHNOLOGIES LTD
NASDAQ
Electrical Equipment & Parts
$1.57B$25.39-0.63%$105.62M18.81x0.49
OPTT
OCEAN POWER TECHNOLOGIES INC
NYSEMKT
Electrical Equipment & Parts
$14.15M$0.24-0.83%-$31.69M-0.46x0.37
PLUG
PLUG POWER INC
NASDAQ
Electrical Equipment & Parts
$1.98B$2.89-2.36%-$1.26B-1.26x0.69
NVX
NOVONIX LTD
NASDAQ
Electrical Equipment & Parts
$346.39M$2.84-8.55%N/A-708.75x0.43
SKYX
SKYX PLATFORMS CORP
NASDAQ
Electrical Equipment & Parts
$96.77M$1.00-6.64%-$32.85M-2.22x3.71
IPWR
IDEAL POWER INC
NASDAQ
Electrical Equipment & Parts
$58.53M$7.94-2.46%-$9.62M-4.93x0.22
FREY
FREYR BATTERY INC
NYSE
Electrical Equipment & Parts
$259.85M$1.86-6.06%-$66.58M-3.65x0.15
ELVA
ELECTROVAYA INC
NASDAQ
Electrical Equipment & Parts
$110.29M$3.26-2.98%-$1.25M-81.50x4.11
OESX
ORION ENERGY SYSTEMS INC
NASDAQ
Electrical Equipment & Parts
$28.65M$0.880.00%-$14.94M-1.54x2.17
DCFC
TRITIUM DCFC LTD
NASDAQ
Electrical Equipment & Parts
$2.98M$4.19-17.52%-$83.89M-0.03x-2.92
EPOW
SUNRISE NEW ENERGY CO LTD
NASDAQ
Electrical Equipment & Parts
$20.29M$0.800.00%-$16.43M-0.91x2.37
XPON
EXPION360 INC
NASDAQ
Electrical Equipment & Parts
$13.48M$1.92-8.37%-$7.12M-1.77x1.23
ADSE
ADS-TEC ENERGY PUBLIC LTD CO
NASDAQ
Electrical Equipment & Parts
$508.32M$10.400.00%N/A-25.30x1.59
EOSE
EOS ENERGY ENTERPRISES INC
NASDAQ
Electrical Equipment & Parts
$178.94M$0.88-4.13%-$162.47M-0.49x-2.68
POLA
POLAR POWER INC
NASDAQ
Electrical Equipment & Parts
$7.94M$0.450.00%-$5.60M-0.92x0.92
CCTG
CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LTD
NASDAQ
Electrical Equipment & Parts
$32.40M$2.88-5.26%$337.04k-144.00x0.54
DFLI
DRAGONFLY ENERGY HOLDINGS CORP
NASDAQ
Electrical Equipment & Parts
$27.10M$0.46-0.66%-$31.61M-0.46x2.39
SVT
SERVOTRONICS INC
NYSEMKT
Electrical Equipment & Parts
$31.03M$12.20-4.71%-$8.27M-2.79x0.49
NEOV
NEOVOLTA INC
NASDAQ
Electrical Equipment & Parts
$78.44M$2.367.27%-$1.94M-39.33x0.00
NXU
NXU INC
NASDAQ
Electrical Equipment & Parts
$234.67k$0.51-10.19%-$62.86M-0.00x1.28
STI
SOLIDION TECHNOLOGY INC
NASDAQ
Electrical Equipment & Parts
$202.79M$2.77-7.67%-$3.71MN/A0.03
RFIL
R F INDUSTRIES LTD
NASDAQ
Electrical Equipment & Parts
$31.91M$3.04-0.33%-$2.60M-9.81x1.05
CAPT
CAPTIVISION INC
NASDAQ
Electrical Equipment & Parts
$147.56M$5.120.00%-$9.20M-10.89x5.07
MAMO
MASSIMO GROUP
NASDAQ
Electrical Equipment & Parts
N/A$3.70-7.96%N/AN/A2.89
EAF
GRAFTECH INTERNATIONAL LTD
NYSE
Electrical Equipment & Parts
$462.30M$1.805.26%-$158.79M-1.82x15.47
GTI
GRAPHJET TECHNOLOGY
NASDAQ
Electrical Equipment & Parts
$1.46B$10.1417.09%-$1.88M-10.79x-3.43
NCNC
NOCO-NOCO INC
NASDAQ
Electrical Equipment & Parts
$33.18M$0.25-11.23%-$16.79M-1.75x-1.19

Electrical Equipment & Part Stocks FAQ

What are the best electrical equipment & part stocks to buy right now in Apr 2024?

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

1. Encore Wire (NASDAQ:WIRE)


Encore Wire (NASDAQ:WIRE) is the top electrical equipment & part stock with a Zen Score of 58, which is 30 points higher than the electrical equipment & part industry average of 28. It passed 22 out of 38 due diligence checks and has strong fundamentals. Encore Wire has seen its stock return 60.49% over the past year, overperforming other electrical equipment & part stocks by 47 percentage points.

2. Pioneer Power Solutions (NASDAQ:PPSI)


Pioneer Power Solutions (NASDAQ:PPSI) is the second best electrical equipment & part stock with a Zen Score of 57, which is 29 points higher than the electrical equipment & part industry average of 28. It passed 18 out of 33 due diligence checks and has strong fundamentals. Pioneer Power Solutions has seen its stock lose -5.27% over the past year, underperforming other electrical equipment & part stocks by -19 percentage points.

Pioneer Power Solutions has an average 1 year price target of $10.50, an upside of 143.62% from Pioneer Power Solutions's current stock price of $4.31.

Pioneer Power Solutions stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Pioneer Power Solutions, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Powell Industries (NASDAQ:POWL)


Powell Industries (NASDAQ:POWL) is the third best electrical equipment & part stock with a Zen Score of 56, which is 28 points higher than the electrical equipment & part industry average of 28. It passed 21 out of 38 due diligence checks and has strong fundamentals. Powell Industries has seen its stock return 208.63% over the past year, overperforming other electrical equipment & part stocks by 195 percentage points.

What are the electrical equipment & part stocks with highest dividends?

Out of 12 electrical equipment & part stocks that have issued dividends in the past year, the 3 electrical equipment & part stocks with the highest dividend yields are:

1. Energizer Holdings (NYSE:ENR)


Energizer Holdings (NYSE:ENR) has an annual dividend yield of 4.37%, which is 3 percentage points higher than the electrical equipment & part industry average of 0.99%. 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 91.6% indicates that its dividend yield might not be sustainable for the long-term.

2. Espey Mfg & Electronics (NYSEMKT:ESP)


Espey Mfg & Electronics (NYSEMKT:ESP) has an annual dividend yield of 2.51%, which is 2 percentage points higher than the electrical equipment & part industry average of 0.99%. 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 26.5% indicates that its dividend yield is sustainable for the long-term.

3. Hubbell (NYSE:HUBB)


Hubbell (NYSE:HUBB) has an annual dividend yield of 1.16%, which is the same as the electrical equipment & part industry average of 0.99%. Hubbell's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Hubbell's dividend has shown consistent growth over the last 10 years.

Hubbell's dividend payout ratio of 32.4% indicates that its dividend yield is sustainable for the long-term.

Why are electrical equipment & part stocks down?

Electrical equipment & part stocks were down -1.57% in the last day, and down -4% over the last week. Novonix was the among the top losers in the electrical equipment & parts industry, dropping -8.55% yesterday.

Shares of companies within the broader tech sector are trading lower amid overall market weakness on rate cut uncertainty.

What are the most undervalued electrical equipment & part stocks?

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

1. Encore Wire (NASDAQ:WIRE)


Encore Wire (NASDAQ:WIRE) is the most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Encore Wire has a valuation score of 86, which is 61 points higher than the electrical equipment & part industry average of 25. It passed 6 out of 7 valuation due diligence checks.

Encore Wire's stock has gained 60.49% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 47 percentage points.

2. Advanced Energy Industries (NASDAQ:AEIS)


Advanced Energy Industries (NASDAQ:AEIS) is the second most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Advanced Energy Industries has a valuation score of 71, which is 46 points higher than the electrical equipment & part industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Advanced Energy Industries's stock has gained 4.95% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -8 percentage points.

3. Asia Pacific Wire & Cable (NASDAQ:APWC)


Asia Pacific Wire & Cable (NASDAQ:APWC) is the third most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Asia Pacific Wire & Cable has a valuation score of 71, which is 46 points higher than the electrical equipment & part industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Asia Pacific Wire & Cable's stock has dropped -0.7% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -14 percentage points.

Are electrical equipment & part stocks a good buy now?

41.94% of electrical equipment & part stocks rated by analysts are a strong buy right now. On average, analysts expect electrical equipment & part stocks to rise by 27.38% over the next year.

What is the average p/e ratio of the electrical equipment & parts industry?

The average P/E ratio of the electrical equipment & parts industry is 30.49x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.