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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
PPSI
PIONEER POWER SOLUTIONS INC
$37.93M10.10%5.10%9.27%16.70%0.931.8326.70%4.20%4.17%
WIRE
ENCORE WIRE CORP
$4.44B17.80%15.80%21.96%33.40%0.137.5023.10%12.40%16.19%
POWL
POWELL INDUSTRIES INC
$1.89B28.70%13.30%31.92%127.90%1.161.6224.20%12.10%15.31%
MAMO
MASSIMO GROUP
$163.14M106.50%26.40%65.73%69.10%1.902.0431.20%9.10%13.21%
ESP
ESPEY MFG & ELECTRONICS CORP
$66.55M12.80%9.60%15.45%17.90%0.323.7325.30%12.60%15.95%
ATKR
ATKORE INC
$5.62B41.60%21.20%30.81%34.70%0.923.0936.50%18.30%22.82%
AYI
ACUITY BRANDS INC
$8.03B18.40%10.90%17.07%35.60%0.642.5944.90%9.80%12.98%
ENS
ENERSYS
$3.85B16.40%7.80%12.52%14.30%1.032.6726.60%7.50%9.71%
HUBB
HUBBELL INC
$21.10B26.00%11.50%17.99%30.50%1.341.6634.40%13.20%18.08%
KE
KIMBALL ELECTRONICS INC
$551.10M10.40%4.30%11.78%9.30%1.341.978.80%3.00%5.15%
ENR
ENERGIZER HOLDINGS INC
$2.08B46.40%1.90%7.68%5.90%21.412.0337.80%3.00%9.62%
NVT
NVENT ELECTRIC PLC
$12.88B19.00%9.60%11.21%20.70%0.921.9941.00%17.00%18.07%
PLPC
PREFORMED LINE PRODUCTS CO
$624.64M12.70%8.50%14.29%14.60%0.423.1533.80%8.20%11.05%
ULBI
ULTRALIFE CORP
$208.30M8.40%5.90%9.76%13.30%0.404.0325.60%6.20%9.09%
VRT
VERTIV HOLDINGS CO
$35.53B23.80%5.30%12.40%12.30%4.451.3435.40%5.80%8.67%
CBAT
CBAK ENERGY TECHNOLOGY INC
$98.01M-2.20%-0.90%-0.33%-0.30%1.490.8015.50%-1.20%-0.19%
AEIS
ADVANCED ENERGY INDUSTRIES INC
$3.80B9.10%4.30%5.03%6.90%1.215.6135.30%6.60%7.19%
GWH
ESS TECH INC
$161.43M-71.40%-53.80%-62.83%-97.90%0.395.98-171.80%-1,028.90%-1,028.89%
RAYA
ERAYAK POWER SOLUTION GROUP INC
$8.07M6.20%3.30%8.22%8.70%0.751.6724.70%6.00%8.93%
ZEO
ZEO ENERGY CORP
$186.55M1,110.80%17.40%18.49%30.70%0.481.1820.00%5.70%5.77%
NVX
NOVONIX LTD
$274.91M-22.60%-17.10%-17.06%-20.10%0.4311.3765.00%-574.20%-541.11%
AMPX
AMPRIUS TECHNOLOGIES INC
$189.61M-56.70%-40.30%-39.01%-99.30%0.803.75-162.10%-406.20%-406.23%
FCEL
FUELCELL ENERGY INC
$356.52M-16.70%-12.20%-11.58%-14.60%0.278.26-26.70%-108.70%-97.72%
SLDP
SOLID POWER INC
$324.15M-12.50%-11.90%-12.66%-12.50%0.0611.53-59.30%-376.50%-376.02%
ENVX
ENOVIX CORP
$1.53B-75.70%-35.10%-40.15%-48.80%1.214.89-348.90%-1,448.90%-1,407.57%
APWC
ASIA PACIFIC WIRE & CABLE CORP LTD
$29.28M2.50%1.00%2.90%2.70%0.972.107.10%0.90%1.54%
HAYW
HAYWARD HOLDINGS INC
$3.11B6.30%2.80%6.54%10.90%1.223.3748.60%8.30%17.85%
SKYX
SKYX PLATFORMS CORP
$94.93M-253.10%-55.90%-70.23%-82.10%3.711.1330.70%-67.60%-62.30%
LTBR
LIGHTBRIDGE CORP
$34.44M-27.50%-26.90%-27.36%-6,563.40%0.0259.23N/AN/AN/A
MVST
MICROVAST HOLDINGS INC
$134.18M-18.40%-10.30%-14.96%-14.60%0.941.0618.70%-34.70%-33.82%
FLUX
FLUX POWER HOLDINGS INC
$81.51M-67.70%-15.90%-47.12%-20.50%4.101.1829.50%-9.10%-6.78%
BE
BLOOM ENERGY CORP
$2.65B-71.30%-12.50%-9.88%-7.80%3.773.6014.80%-22.70%-14.39%
HOLI
HOLLYSYS AUTOMATION TECHNOLOGIES LTD
$1.47B6.90%4.70%7.27%15.80%0.492.9030.70%10.60%12.12%
OPTT
OCEAN POWER TECHNOLOGIES INC
$11.18M-86.90%-70.00%-118.47%-153.70%0.372.4937.10%-614.30%-661.12%
PLUG
PLUG POWER INC
$1.81B-38.90%-25.40%-33.80%-34.90%0.691.85-57.00%-153.60%-149.33%
DFLI
DRAGONFLY ENERGY HOLDINGS CORP
$69.90M-47.30%-15.70%6.24%4.60%1.691.3924.00%-21.50%3.37%
ADSE
ADS-TEC ENERGY PUBLIC LTD CO
$553.90M-96.10%-41.80%-69.21%-124.50%2.671.48-2.70%-51.30%-41.29%
IPWR
IDEAL POWER INC
$58.09M-75.70%-65.70%-87.95%-1,710.70%0.229.7919.20%-5,005.30%-5,005.26%
FREY
FREYR BATTERY INC
$234.70M-11.20%-9.50%-10.44%-20.00%0.156.34N/AN/AN/A
ELVA
ELECTROVAYA INC
$107.86M-241.10%-5.40%-21.79%-10.00%4.110.9726.90%-3.40%-4.90%
OESX
ORION ENERGY SYSTEMS INC
$27.97M-71.20%-27.60%-50.39%-50.40%2.171.4922.00%-21.40%-20.39%
EPOW
SUNRISE NEW ENERGY CO LTD
$19.78M-58.70%-17.80%-24.07%-30.10%2.371.30-3.60%-40.80%-40.09%
XPON
EXPION360 INC
$14.14M-97.60%-56.40%-92.89%-65.30%1.232.0626.30%-124.70%-122.53%
EOSE
EOS ENERGY ENTERPRISES INC
$133.95MN/A-167.10%-137.90%-68.80%-2.682.01-448.30%-1,401.30%-1,057.75%
POLA
POLAR POWER INC
$6.78M-42.50%-23.90%-39.81%-24.70%0.922.154.50%-42.80%-39.16%
CCTG
CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LTD
$27.11M-2.00%-1.20%-2.72%-4.10%0.543.2129.50%-1.40%-2.06%
SVT
SERVOTRONICS INC
$33.01M-40.60%-27.00%-32.64%-29.10%0.493.7317.90%-24.70%-21.44%
SERV
SERVE ROBOTICS INC
N/AN/AN/A656.90%N/A-1.700.23-733.70%-11,955.80%-10,864.78%
NEOV
NEOVOLTA INC
$86.75M-31.10%-30.90%-34.23%-48.00%0.00482.2221.60%-61.90%-61.88%
NXU
NXU INC
$204.36k-69,678.50%-768.80%-426.55%-1,035.80%1.284.56N/AN/AN/A
STI
SOLIDION TECHNOLOGY INC
$169.85MN/A-5.30%-4,034.02%-8.20%-2.650.40100.00%-76,679.50%-76,679.49%
RFIL
R F INDUSTRIES LTD
$30.44M-8.20%-4.10%-7.55%-7.00%1.052.9126.40%-4.90%-7.61%
EAF
GRAFTECH INTERNATIONAL LTD
$455.19M-153.70%-20.20%-22.65%-12.60%31.323.731.40%-45.10%-38.44%
CAPT
CAPTIVISION INC
$143.16MN/A-59.00%N/A-50.90%-1.54N/A15.50%-526.00%-484.39%
GTI
GRAPHJET TECHNOLOGY
$1.02BN/A-12.50%-42.85%-13.00%-3.430.51N/AN/AN/A
NCNC
NOCO-NOCO INC
$28.03MN/A-49.80%24,266.97%-52.60%-1.190.60N/AN/AN/A

Electrical Equipment & Part Stocks FAQ

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

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

1. Pioneer Power Solutions (NASDAQ:PPSI)


Pioneer Power Solutions (NASDAQ:PPSI) is the top 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 -34.7% over the past year, underperforming other electrical equipment & part stocks by -65 percentage points.

Pioneer Power Solutions has an average 1 year price target of $10.50, an upside of 174.87% from Pioneer Power Solutions's current stock price of $3.82.

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.

2. Powell Industries (NASDAQ:POWL)


Powell Industries (NASDAQ:POWL) is the second best electrical equipment & part stock with a Zen Score of 54, which is 26 points higher than the electrical equipment & part industry average of 28. It passed 20 out of 38 due diligence checks and has strong fundamentals. Powell Industries has seen its stock return 206.45% over the past year, overperforming other electrical equipment & part stocks by 176 percentage points.

3. Encore Wire (NASDAQ:WIRE)


Encore Wire (NASDAQ:WIRE) is the third best electrical equipment & part stock with a Zen Score of 54, which is 26 points higher than the electrical equipment & part industry average of 28. It passed 20 out of 38 due diligence checks and has strong fundamentals. Encore Wire has seen its stock return 68.77% over the past year, overperforming other electrical equipment & part stocks by 39 percentage points.

Encore Wire has an average 1 year price target of $292.50, an upside of 4.02% from Encore Wire's current stock price of $281.20.

Encore Wire stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Encore Wire, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% 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 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 4.14%, which is 3 percentage points higher than the electrical equipment & part industry average of 0.94%. 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 100% 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 2.34%, which is 1 percentage points higher than the electrical equipment & part industry average of 0.94%. 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 1.19%, which is the same as the electrical equipment & part industry average of 0.94%. 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 34.7% indicates that its dividend yield is sustainable for the long-term.

Why are electrical equipment & part stocks down?

Electrical equipment & part stocks were down -0.98% in the last day, and up 3.21% over the last week. Atkore was the among the top losers in the electrical equipment & parts industry, dropping -12.51% yesterday.

Atkore shares are trading lower after the company reported worse-than-expected Q2 sales results and cut its FY24 adjusted EPS guidance.

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 100, which is 75 points higher than the electrical equipment & part industry average of 25. It passed 7 out of 7 valuation due diligence checks.

Encore Wire's stock has gained 68.77% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 39 percentage points.

2. Hollysys Automation Technologies (NASDAQ:HOLI)


Hollysys Automation Technologies (NASDAQ:HOLI) is the second most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Hollysys Automation Technologies 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.

Hollysys Automation Technologies's stock has gained 48.37% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 18 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 -11.25% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -41 percentage points.

Are electrical equipment & part stocks a good buy now?

45.16% 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 11.03% 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 39.29x.
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.