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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
Price
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
WIRE
ENCORE WIRE CORP
$282.41$360.73-21.71%12.80xN/A1.86x2.55x0.41x$290.64M6.10%$1.75B103.57$3.89B7.53
PPSI
PIONEER POWER SOLUTIONS INC
$3.68$4.87-24.45%20.44x20.44x0.86x1.98x0.33x-$5.53M-15.00%$18.50M1.85$30.42M9.30
POWL
POWELL INDUSTRIES INC
$149.23$116.8927.67%22.96xN/A2.32x4.88x0.64x$260.67M14.63%$366.32M30.68$1.47B13.92
MAMO
MASSIMO GROUP
$4.44$16.35-72.85%17.08xN/A1.54x12.66x0.10x$10.79M6.08%$14.49M0.36$192.43M11.76
ESP
ESPEY MFG & ELECTRONICS CORP
$22.76$23.66-3.79%12.04xN/A1.52x1.61x0.60x$1.28M2.27%$38.22M15.42$58.10M9.11
AEIS
ADVANCED ENERGY INDUSTRIES INC
$92.84$84.2510.20%27.15x15.15x2.10x3.03x0.50x$147.93M4.25%$1.14B30.53$3.44B16.95
ENR
ENERGIZER HOLDINGS INC
$28.73$52.53-45.31%21.93x8.12x0.71x12.09x0.22x$339.50M16.48%$170.60M2.38$5.24B12.78
ENS
ENERSYS
$90.38$49.9480.99%13.47xN/A1.00x2.12x2.41x$376.25M10.29%$1.73B42.68$4.23B9.49
AYI
ACUITY BRANDS INC
$253.09$91.85175.54%20.90xN/A2.03x3.63x3.49x$504.20M6.45%$2.15B69.65$7.80B13.21
HUBB
HUBBELL INC
$398.55N/AN/A28.19x34.51x3.98x7.43xN/A$715.10M3.35%$2.88B53.65$23.18B19.92
PLPC
PREFORMED LINE PRODUCTS CO
$124.61$134.69-7.49%9.68xN/A0.92x1.47x0.68x$74.94M12.22%$416.16M84.59$629.29M5.98
KE
KIMBALL ELECTRONICS INC
$20.96$20.392.80%9.57xN/A0.29x0.95x0.88x-$32.61M-6.20%$546.99M21.80$803.08M6.20
NVT
NVENT ELECTRIC PLC
$73.72$37.5696.27%21.56x33.51x3.74x3.87x1.37x$464.60M3.81%$3.14B18.97$13.76B19.11
ULBI
ULTRALIFE CORP
$8.73N/AN/A19.84xN/A0.89x1.15xN/A-$623.00k-0.44%$125.33M7.73$158.93M10.54
ATKR
ATKORE INC
$179.11$280.50-36.15%10.58xN/A1.89x4.38x0.33x$538.80M8.18%$1.50B40.86$7.11B7.33
CBAT
CBAK ENERGY TECHNOLOGY INC
$1.05N/AN/A-35.00xN/A0.46x0.84xN/A$15.37M16.38%$112.82M1.26$125.51M12.63
HAYW
HAYWARD HOLDINGS INC
$13.59$15.73-13.61%35.76x12.82x2.92x2.22x0.35x$154.16M5.32%$1.31B6.15$3.83B16.81
GWH
ESS TECH INC
$0.70N/AN/A-1.47x-2.51x14.98x1.19xN/A-$60.69M-53.84%$103.36M0.65$104.13M-1.49
RAYA
ERAYAK POWER SOLUTION GROUP INC
$0.65N/AN/A6.52xN/A0.38x0.40xN/A$9.25M118.25%$20.20M1.68$4.41M1.62
LTBR
LIGHTBRIDGE CORP
$2.59N/AN/A-3.98xN/AN/A1.25xN/A-$6.48M-20.69%$28.91M2.39$7.51M-0.95
ZEO
ZEO ENERGY CORP
$4.98N/AN/A0.80xN/A0.05x6.19xN/A$10.18M204.70%$32.33M32.33$195.23M23.77
ENVX
ENOVIX CORP
$6.02N/AN/A-4.46x-7.25x125.42x3.93xN/A-$166.43M-17.38%$258.15M1.62$971.88M-5.51
VRT
VERTIV HOLDINGS CO
$84.57N/AN/A69.89x70.48x4.68x16.03xN/A$778.30M2.42%$2.01B5.30$34.61B35.14
AMPX
AMPRIUS TECHNOLOGIES INC
$1.65N/AN/A-3.84xN/A15.71x2.53xN/A-$43.10M-30.30%$59.80M0.69$140.94M-4.17
FCEL
FUELCELL ENERGY INC
$0.86N/AN/A-3.32x-5.75x3.79x0.59xN/A-$245.74M-63.04%$663.93M1.47$224.01M-3.17
SLDP
SOLID POWER INC
$1.69N/AN/A-4.57xN/A17.24x0.61xN/A-$92.77M-30.83%$503.34M2.83$281.06M-5.33
APWC
ASIA PACIFIC WIRE & CABLE CORP LTD
$1.37N/AN/A7.21xN/A0.07x0.19xN/A$8.53M30.22%$151.60M7.35$34.53M2.44
BE
BLOOM ENERGY CORP
$9.64N/AN/A-6.79x17.85x1.54x4.32xN/A-$456.26M-22.25%$502.08M2.36$2.88B-30.07
MVST
MICROVAST HOLDINGS INC
$0.45N/AN/A-1.32x-1.80x0.46x0.25xN/A-$260.44M-186.22%$564.19M1.82$263.50M-3.38
FLUX
FLUX POWER HOLDINGS INC
$4.26N/AN/A-11.83x28.40x1.09x9.54xN/A-$6.75M-9.60%$7.38M0.45$82.76M-30.14
HOLI
HOLLYSYS AUTOMATION TECHNOLOGIES LTD
$24.52N/AN/A18.16xN/A1.93x1.22xN/A$58.27M3.83%$1.24B20.04$815.05M7.72
OPTT
OCEAN POWER TECHNOLOGIES INC
$0.19N/AN/A-0.36xN/A2.20x0.44xN/A-$32.27M-296.22%$25.26M0.43$8.82M-0.28
PLUG
PLUG POWER INC
$2.41N/AN/A-1.05x-120.50x1.61x0.57xN/A-$1.80B-125.56%$2.90B4.87$1.45B-1.15
NVX
NOVONIX LTD
$2.27N/AN/A-567.50xN/A34.39x1.51xN/A-$55.42M-20.00%$183.94M1.51$268.03MN/A
DFLI
DRAGONFLY ENERGY HOLDINGS CORP
$0.84N/AN/A-3.24xN/A0.69x1.82xN/A-$24.59M-55.28%$27.91M0.53$61.39M18.01
SKYX
SKYX PLATFORMS CORP
$0.83N/AN/A-1.85xN/A1.25x4.97xN/A-$12.99M-17.67%$16.22M0.18$98.88M-3.01
OESX
ORION ENERGY SYSTEMS INC
$0.88N/AN/A-1.55x2.95x0.34x1.39xN/A-$8.07M-28.05%$20.66M0.64$33.82M-2.26
IPWR
IDEAL POWER INC
$7.47N/AN/A-4.64xN/A233.44x5.47xN/A-$7.37M-15.94%$10.06M1.63$46.79M-4.86
FREY
FREYR BATTERY INC
$1.55N/AN/A-3.04x-0.67xN/A0.34xN/A-$272.25M-125.74%$633.20M4.53-$40.38M0.61
ELVA
ELECTROVAYA INC
$3.10N/AN/A-77.50xN/A2.38x14.68xN/A$2.38M2.26%$7.15M0.21$122.88M-98.23
EPOW
SUNRISE NEW ENERGY CO LTD
$0.71N/AN/A-0.81xN/A0.37x0.78xN/A-$32.68M-181.55%$23.20M0.92$26.79M-1.63
XPON
EXPION360 INC
$2.13N/AN/A-1.97xN/A2.45x2.80xN/A-$5.51M-37.61%$5.35M0.78$16.96M-2.38
ADSE
ADS-TEC ENERGY PUBLIC LTD CO
$10.90N/AN/A-26.52x218.00x9.16x9.64xN/AN/AN/A$55.24M1.13$533.41MN/A
EOSE
EOS ENERGY ENTERPRISES INC
$0.76N/AN/A-0.42x-6.33x5.89x-1.39xN/A-$174.34M-180.66%-$110.80M-0.87$289.80M-1.78
POLA
POLAR POWER INC
$0.35N/AN/A-0.72xN/A0.31x0.47xN/A-$3.62M-77.12%$13.19M0.99$13.36M-2.38
CCTG
CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LTD
$2.30N/AN/A-115.00xN/A1.44x2.42xN/A$2.32M10.09%$10.70M1.07$20.27M60.15
SVT
SERVOTRONICS INC
$12.19N/AN/A-2.79xN/A0.71x1.27xN/A-$7.33M-23.63%$24.49M9.63$32.86M-3.97
SERV
SERVE ROBOTICS INC
$2.82N/AN/A-1.61xN/A188.00xN/AN/A-$15.98M-39.89%-$4.03M-0.28N/AN/A
NEOV
NEOVOLTA INC
$2.16N/AN/A-36.00xN/A22.98x12.68xN/A-$1.92M-2.69%$5.66M0.17$70.29M-36.26
NXU
NXU INC
$0.36N/AN/A-0.00xN/AN/A0.02xN/A-$29.13M-64,644.32%$7.93M63.50-$5.35M0.09
STI
SOLIDION TECHNOLOGY INC
$1.98N/AN/AN/AN/AN/A-5.08xN/A-$2.66M-1.82%-$28.53M-0.39$147.66M-27.73
RFIL
R F INDUSTRIES LTD
$2.95N/AN/A-9.52xN/A0.46x0.80xN/A$2.64M8.61%$38.66M3.71$59.89M-23.07
CAPT
CAPTIVISION INC
$4.91N/AN/A-10.45xN/A4.32x18.62xN/A-$10.10M-7.15%$7.60M0.26$157.71M-17.15
EAF
GRAFTECH INTERNATIONAL LTD
$1.65N/AN/A-1.67xN/A0.68x5.42xN/A$22.74M5.33%$78.25M0.30$1.17B-7.38
GTI
GRAPHJET TECHNOLOGY
$7.14N/AN/A-7.60xN/AN/A-398.53xN/A-$223.69k-1.25%-$2.58M-1.03$1.03B-546.33
NCNC
NOCO-NOCO INC
$0.22N/AN/A-1.59xN/AN/A-8.21xN/A-$2.99M-10.76%-$3.68M-0.03$30.39M-1.81

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 70.44% over the past year, overperforming other electrical equipment & part stocks by 36 percentage points.

Encore Wire has an average 1 year price target of $292.50, an upside of 3.57% from Encore Wire's current stock price of $282.41.

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.

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 -41.96% over the past year, underperforming other electrical equipment & part stocks by -76 percentage points.

Pioneer Power Solutions has an average 1 year price target of $10.50, an upside of 185.33% from Pioneer Power Solutions's current stock price of $3.68.

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 272.8% over the past year, overperforming other electrical equipment & part stocks by 238 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 4.18%, which is 3 percentage points higher than the electrical equipment & part industry average of 0.97%. 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 2.53%, which is 2 percentage points higher than the electrical equipment & part industry average of 0.97%. 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 1.17%, which is the same as the electrical equipment & part industry average of 0.97%. 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 up?

Electrical equipment & part stocks were up 0.4% in the last day, and up 2.46% over the last week. Vertiv Holdings Co was the among the top gainers in the electrical equipment & parts industry, gaining 6.82% yesterday.

Vertiv Holdings shares are trading higher after multiple firms raised their respective price targets on the stock. Also, yesterday the company reported better-than-expected Q1 financial results and raised its 2024 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. Advanced Energy Industries (NASDAQ:AEIS)


Advanced Energy Industries (NASDAQ:AEIS) is the most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Advanced Energy Industries has a valuation score of 86, which is 60 points higher than the electrical equipment & part industry average of 26. It passed 6 out of 7 valuation due diligence checks.

Advanced Energy Industries's stock has gained 7.32% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -27 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 60 points higher than the electrical equipment & part industry average of 26. It passed 6 out of 7 valuation due diligence checks.

Encore Wire's stock has gained 70.44% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 36 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 45 points higher than the electrical equipment & part industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Asia Pacific Wire & Cable's stock has dropped -10.46% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -45 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 11.44% 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 31.98x.
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.