WallStreetZenWallStreetZen

Sectors & IndustriesIndustrialsElectrical Equipment & Parts
Best Electrical Equipment & Part Stocks to Buy Now (2023)
Top electrical equipment & part stocks in 2023 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
$3.39B$185.331.38%$951.08M4.95x0.11
PLPC
PREFORMED LINE PRODUCTS CO
NASDAQ
Electrical Equipment & Parts
$629.86M$128.040.27%$93.34M11.61x0.59
AEIS
ADVANCED ENERGY INDUSTRIES INC
NASDAQ
Electrical Equipment & Parts
$3.67B$98.001.47%$299.81M18.39x0.87
POWL
POWELL INDUSTRIES INC
NASDAQ
Electrical Equipment & Parts
$504.04M$42.592.58%$24.83M28.21x0.72
BDC
BELDEN INC
NYSE
Electrical Equipment & Parts
$3.72B$86.772.49%$436.60M14.93x1.77
HUBB
HUBBELL INC
NYSE
Electrical Equipment & Parts
$13.04B$243.311.31%$884.20M24.02x1.28
HAYW
HAYWARD HOLDINGS INC
NYSE
Electrical Equipment & Parts
$2.49B$11.723.81%$343.26M14.29x1.35
LASE
LASER PHOTONICS CORP
NASDAQ
Electrical Equipment & Parts
$36.79M$4.67-1.27%$1.25M25.94x0.11
CBAT
CBAK ENERGY TECHNOLOGY INC
NASDAQ
Electrical Equipment & Parts
$78.31M$0.88-2.22%$9.99M8.00x1.02
HOLI
HOLLYSYS AUTOMATION TECHNOLOGIES LTD
NASDAQ
Electrical Equipment & Parts
$1.06B$17.330.87%$136.11M9.79x0.44
NVT
NVENT ELECTRIC PLC
NYSE
Electrical Equipment & Parts
$7.10B$42.941.71%$618.00M17.89x0.80
MPTI
M-TRON INDUSTRIES INC
NYSEMKT
Electrical Equipment & Parts
$29.31M$10.757.50%$3.28M16.04x0.34
EAF
GRAFTECH INTERNATIONAL LTD
NYSE
Electrical Equipment & Parts
$1.25B$4.860.62%$544.38M3.28x3.75
KE
KIMBALL ELECTRONICS INC
NASDAQ
Electrical Equipment & Parts
$595.85M$24.103.08%$96.68M13.77x1.48
AZZ
AZZ INC
NYSE
Electrical Equipment & Parts
$1.03B$41.241.63%$122.56M12.09x1.58
AYI
ACUITY BRANDS INC
NYSE
Electrical Equipment & Parts
$5.86B$182.731.99%$600.80M16.52x0.81
FCEL
FUELCELL ENERGY INC
NASDAQ
Electrical Equipment & Parts
$1.16B$2.852.52%-$90.49M-8.91x0.24
BMI
BADGER METER INC
NYSE
Electrical Equipment & Parts
$3.57B$121.821.73%$113.41M53.43x0.36
LTBR
LIGHTBRIDGE CORP
NASDAQ
Electrical Equipment & Parts
$49.72M$4.101.99%-$7.50M-5.94x0.01
IPWR
IDEAL POWER INC
NASDAQ
Electrical Equipment & Parts
$61.91M$10.455.45%-$6.85M-8.93x0.08
SLDP
SOLID POWER INC
NASDAQ
Electrical Equipment & Parts
$532.12M$3.013.44%-$3.82M-60.20x0.07
ESP
ESPEY MFG & ELECTRONICS CORP
NYSEMKT
Electrical Equipment & Parts
$54.73M$20.250.65%$4.11M17.46x0.31
NVX
NOVONIX LTD
NASDAQ
Electrical Equipment & Parts
$438.10M$3.6012.85%-$56.98M19.78x0.23
OPTT
OCEAN POWER TECHNOLOGIES INC
NYSEMKT
Electrical Equipment & Parts
$29.79M$0.530.76%-$22.98M-1.36x0.12
PLUG
PLUG POWER INC
NASDAQ
Electrical Equipment & Parts
$6.95B$11.724.18%-$632.54M-9.38x0.42
MVST
MICROVAST HOLDINGS INC
NASDAQ
Electrical Equipment & Parts
$383.67M$1.2411.71%-$132.27M-2.38x0.61
ABB
ABB LTD
NYSE
Electrical Equipment & Parts
$63.97B$34.301.93%$4.18B26.38x2.03
FLUX
FLUX POWER HOLDINGS INC
NASDAQ
Electrical Equipment & Parts
$77.90M$4.861.25%-$8.14M-7.84x2.39
BE
BLOOM ENERGY CORP
NYSE
Electrical Equipment & Parts
$4.11B$19.931.94%-$165.66M-12.30x4.60
ENS
ENERSYS
NYSE
Electrical Equipment & Parts
$3.55B$86.881.34%$320.22M25.70x1.33
XPON
EXPION360 INC
NASDAQ
Electrical Equipment & Parts
$33.15M$4.84-19.06%-$5.77M-3.93x0.44
AULT
AULT ALLIANCE INC
NYSEMKT
Electrical Equipment & Parts
$37.10M$0.1010.64%-$36.05M-0.11x0.49
RFIL
R F INDUSTRIES LTD
NASDAQ
Electrical Equipment & Parts
$45.28M$4.404.51%$2.67M73.33x1.08
DCFC
TRITIUM DCFC LTD
NASDAQ
Electrical Equipment & Parts
$200.08M$1.287.56%-$91.02M-2.84x-4.42
SVT
SERVOTRONICS INC
NYSEMKT
Electrical Equipment & Parts
$26.77M$10.60-0.47%-$1.23M-12.05x0.29
OESX
ORION ENERGY SYSTEMS INC
NASDAQ
Electrical Equipment & Parts
$65.55M$2.03-0.49%-$10.79M-2.16x0.79
ENVX
ENOVIX CORP
NASDAQ
Electrical Equipment & Parts
$2.35B$14.915.00%-$48.88M-43.85x0.24
AMPX
AMPRIUS TECHNOLOGIES INC
NYSE
Electrical Equipment & Parts
$737.13M$8.711.28%-$15.24M-36.29x0.14
GWH
ESS TECH INC
NYSE
Electrical Equipment & Parts
$214.49M$1.3919.83%-$77.50M-2.73x0.27
PPSI
PIONEER POWER SOLUTIONS INC
NASDAQ
Electrical Equipment & Parts
$33.95M$3.5220.14%-$4.95M-5.68x0.86
APWC
ASIA PACIFIC WIRE & CABLE CORP LTD
NASDAQ
Electrical Equipment & Parts
$19.67M$1.420.21%$2.76M-7.49x1.22
ENR
ENERGIZER HOLDINGS INC
NYSE
Electrical Equipment & Parts
$2.48B$34.701.64%-$31.10M-9.89x34.00
FREY
FREYR BATTERY
NYSE
Electrical Equipment & Parts
$1.24B$8.89-0.34%-$96.86M-10.71x0.15
ADSE
ADS-TEC ENERGY PUBLIC LTD CO
NASDAQ
Electrical Equipment & Parts
$131.78M$2.700.56%N/AN/A0.53
BW
BABCOCK & WILCOX ENTERPRISES INC
NYSE
Electrical Equipment & Parts
$537.72M$6.061.51%$64.45M-14.09x-367.03
BNRG
BRENMILLER ENERGY LTD
NASDAQ
Electrical Equipment & Parts
$14.92M$0.98-2.00%-$9.94M-1.29x-0.19
POLA
POLAR POWER INC
NASDAQ
Electrical Equipment & Parts
$17.09M$1.325.77%-$5.02M-3.07x0.33
VRT
VERTIV HOLDINGS CO
NYSE
Electrical Equipment & Parts
$5.40B$14.313.70%$616.70M71.55x3.92
EOSE
EOS ENERGY ENTERPRISES INC
NASDAQ
Electrical Equipment & Parts
$218.17M$2.579.36%-$203.27M-0.70x-1.81
NEOV
NEOVOLTA INC
NASDAQ
Electrical Equipment & Parts
$84.85M$2.56-2.10%N/AN/A0.01
BURU
NUBURU INC
NYSEMKT
Electrical Equipment & Parts
$89.67M$2.67-28.23%-$13.50M-1.63x-8.12
DFLI
DRAGONFLY ENERGY HOLDINGS CORP
NASDAQ
Electrical Equipment & Parts
$129.82M$3.00-4.46%$384.02k-3.95x-1.28
ELBM
ELECTRA BATTERY MATERIALS CORP
NASDAQ
Electrical Equipment & Parts
$66.97M$2.053.54%N/AN/A0.52
GRFX
GRAPHEX GROUP LTD
NYSEMKT
Electrical Equipment & Parts
$41.47M$1.373.01%N/AN/A2.11

Electrical Equipment & Part Stocks FAQ

What are the best electrical equipment & part stocks to buy right now in Apr 2023?

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 61, which is 33 points higher than the electrical equipment & part industry average of 28. It passed 23 out of 38 due diligence checks and has strong fundamentals. Encore Wire has seen its stock return 62.47% over the past year, overperforming other electrical equipment & part stocks by 49 percentage points.

2. Preformed Line Products Co (NASDAQ:PLPC)


Preformed Line Products Co (NASDAQ:PLPC) is the second best electrical equipment & part stock with a Zen Score of 53, which is 25 points higher than the electrical equipment & part industry average of 28. It passed 20 out of 38 due diligence checks and has strong fundamentals. Preformed Line Products Co has seen its stock return 101.89% over the past year, overperforming other electrical equipment & part stocks by 88 percentage points.

3. Advanced Energy Industries (NASDAQ:AEIS)


Advanced Energy Industries (NASDAQ:AEIS) is the third best electrical equipment & part stock with a Zen Score of 46, which is 18 points higher than the electrical equipment & part industry average of 28. It passed 18 out of 38 due diligence checks and has strong fundamentals. Advanced Energy Industries has seen its stock return 13.85% over the past year.

Advanced Energy Industries has an average 1 year price target of $108.67, an upside of 10.88% from Advanced Energy Industries's current stock price of $98.00.

Advanced Energy Industries stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Advanced Energy Industries, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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

Out of 17 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. Hollysys Automation Technologies (NASDAQ:HOLI)


Hollysys Automation Technologies (NASDAQ:HOLI) has an annual dividend yield of N/A, which is N/A percentage points lower than the electrical equipment & part industry average of 1.14%. Hollysys Automation Technologies's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Hollysys Automation Technologies's dividend has not shown consistent growth over the last 10 years.

Hollysys Automation Technologies's dividend payout ratio of 18.1% indicates that its dividend yield is sustainable for the long-term.

2. Energizer Holdings (NYSE:ENR)


Energizer Holdings (NYSE:ENR) has an annual dividend yield of 3.46%, which is 2 percentage points higher than the electrical equipment & part industry average of 1.14%. 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 -34.2% indicates that its dividend yield might not be sustainable for the long-term.

3. Abb (NYSE:ABB)


Abb (NYSE:ABB) has an annual dividend yield of 2.68%, which is 2 percentage points higher than the electrical equipment & part industry average of 1.14%. Abb's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Abb's dividend has shown consistent growth over the last 10 years.

Abb's dividend payout ratio of 68.2% indicates that its dividend yield is sustainable for the long-term.

Why are electrical equipment & part stocks up?

Electrical equipment & part stocks were up 1.59% in the last day, and up 5.36% over the last week. Pioneer Power Solutions was the among the top gainers in the electrical equipment & parts industry, gaining 20.14% yesterday.

Shares of several companies in the industrials sector are trading higher amid overall market strength after PCE data came in below estimates, which has raised hopes of slowing inflation.

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. Preformed Line Products Co (NASDAQ:PLPC)


Preformed Line Products Co (NASDAQ:PLPC) is the most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Preformed Line Products Co has a valuation score of 86, which is 57 points higher than the electrical equipment & part industry average of 29. It passed 6 out of 7 valuation due diligence checks.

Preformed Line Products Co's stock has gained 101.89% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 88 percentage points.

2. Encore Wire (NASDAQ:WIRE)


Encore Wire (NASDAQ:WIRE) is the second most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Encore Wire has a valuation score of 86, which is 57 points higher than the electrical equipment & part industry average of 29. It passed 6 out of 7 valuation due diligence checks.

Encore Wire's stock has gained 62.47% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 49 percentage points.

3. Hayward Holdings (NYSE:HAYW)


Hayward Holdings (NYSE:HAYW) is the third most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Hayward Holdings has a valuation score of 71, which is 42 points higher than the electrical equipment & part industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Hayward Holdings's stock has dropped -29.48% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -43 percentage points.

Are electrical equipment & part stocks a good buy now?

38.71% 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 10.18% 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 19.51x.
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.