Sectors & IndustriesIndustrialsElectrical Equipment & Parts

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 187.31% over the past year, overperforming other electrical equipment & part stocks by 191 percentage points.

Powell Industries has an average 1 year price target of $312.00, an upside of 23.81% from Powell Industries's current stock price of $252.00.

Powell Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Powell Industries, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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 162.37% over the past year, overperforming other electrical equipment & part stocks by 166 percentage points.

Vertiv Holdings Co has an average 1 year price target of $140.09, an upside of 11.38% from Vertiv Holdings Co's current stock price of $125.78.

Vertiv Holdings Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Vertiv Holdings Co, 63.64% have issued a Strong Buy rating, 27.27% have issued a Buy, 9.09% 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 -10.53% over the past year, underperforming other electrical equipment & part stocks by -7 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 3.27%, which is 2 percentage points higher than the electrical equipment & part industry average of 1.04%. 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 2.19%, which is 1 percentage points higher than the electrical equipment & part industry average of 1.04%. 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 1.51%, which is the same as the electrical equipment & part industry average of 1.04%.

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 -0.75% in the last day, and down -3.68% 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 -10.53% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -7 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 59.42% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 63 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 dropped -3.69% in the past year. It has performed in line with other stocks in the electrical equipment & part industry.