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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
POWL
POWELL INDUSTRIES INC
$2.78B$232.22N/AN/AN/AN/A8.45%10.27%36.31%18.25%
CBAT
CBAK ENERGY TECHNOLOGY INC
$100.73M$1.12N/AN/AN/AN/A-2.07%63.16%23.45%10.61%
RAYA
ERAYAK POWER SOLUTION GROUP INC
$9.21M$0.74N/AN/AN/AN/A61.30%180.00%18.49%10.59%
ENS
ENERSYS
$3.95B$98.26$120.0022.12%Strong Buy15.26%21.53%22.13%11.25%
AYI
ACUITY BRANDS INC
$9.17B$298.03$324.008.71%Hold44.64%13.77%22.08%13.66%
HUBB
HUBBELL INC
$22.86B$425.90$413.83-2.83%Buy64.26%14.06%33.32%14.80%
VRT
VERTIV HOLDINGS CO
$38.52B$102.69$102.13-0.55%Strong Buy810.47%59.45%101.29%19.21%
ULBI
ULTRALIFE CORP
$158.25M$9.52$14.0047.06%Strong Buy1N/AN/AN/AN/A
ESP
ESPEY MFG & ELECTRONICS CORP
$79.07M$28.81N/AN/AN/AN/AN/AN/AN/AN/A
NVT
NVENT ELECTRIC PLC
$11.25B$67.69$85.4026.16%Strong Buy57.18%2.61%20.76%11.03%
PLPC
PREFORMED LINE PRODUCTS CO
$595.04M$121.10N/AN/AN/AN/AN/AN/AN/AN/A
PPSI
PIONEER POWER SOLUTIONS INC
$50.22M$4.60N/AN/AN/AN/A29.45%N/A59.85%27.50%
FLUX
FLUX POWER HOLDINGS INC
$52.05M$3.12$9.33199.13%Strong Buy337.04%N/A320.34%47.17%
KE
KIMBALL ELECTRONICS INC
$428.63M$17.33$22.6030.41%Buy5-3.74%27.83%6.13%2.74%
ATKR
ATKORE INC
$2.96B$82.44$131.6059.63%Buy56.04%-36.66%N/AN/A
ELVA
ELECTROVAYA INC
$77.83M$2.28$8.75283.77%Strong Buy460.04%N/A422.50%87.20%
ENR
ENERGIZER HOLDINGS INC
$2.28B$31.82$34.388.03%Hold81.44%398.00%216.44%6.30%
AEIS
ADVANCED ENERGY INDUSTRIES INC
$3.88B$102.94$116.2912.96%Buy75.61%31.31%18.45%8.46%
IPWR
IDEAL POWER INC
$59.86M$7.78N/AN/AN/AN/AN/AN/AN/AN/A
GWH
ESS TECH INC
$73.91M$6.27$1.23-80.46%Buy4176.97%N/A-56.32%-34.99%
WBX
WALLBOX NV
$252.09M$1.16$3.13169.40%Strong Buy222.02%N/AN/AN/A
FCEL
FUELCELL ENERGY INC
$201.28M$0.36$0.88141.71%Hold237.62%N/A-15.63%-11.13%
ENVX
ENOVIX CORP
$1.88B$10.65$21.60102.82%Strong Buy10126.80%N/A-4.66%-1.62%
HAYW
HAYWARD HOLDINGS INC
$3.20B$14.89$15.886.62%Buy45.10%30.99%14.11%6.69%
SLDP
SOLID POWER INC
$225.49M$1.26$3.00138.10%Buy37.70%N/A-25.47%-23.61%
AMPX
AMPRIUS TECHNOLOGIES INC
$117.71M$1.06$8.17670.47%Strong Buy6155.52%N/A-11.94%-6.89%
MVST
MICROVAST HOLDINGS INC
$74.48M$0.23N/AN/AN/AN/A22.22%N/AN/AN/A
ADSE
ADS-TEC ENERGY PUBLIC LTD CO
$664.68M$13.14$14.006.54%Hold138.47%N/A-1,512.27%21.91%
PLUG
PLUG POWER INC
$1.81B$2.06$3.9993.79%Hold1229.80%N/A-2.65%-1.66%
APWC
ASIA PACIFIC WIRE & CABLE CORP LTD
$31.17M$1.51N/AN/AN/AN/AN/AN/AN/AN/A
LTBR
LIGHTBRIDGE CORP
$47.00M$3.22N/AN/AN/AN/AN/AN/AN/AN/A
OESX
ORION ENERGY SYSTEMS INC
$27.67M$0.85$3.00255.03%Buy114.58%N/A8.58%2.74%
EOSE
EOS ENERGY ENTERPRISES INC
$689.13M$3.18$5.8082.39%Strong Buy5248.36%N/A-146.50%112.37%
OPTT
OCEAN POWER TECHNOLOGIES INC
$14.69M$0.15N/AN/AN/AN/AN/AN/AN/AN/A
BE
BLOOM ENERGY CORP
$2.42B$10.65$14.9139.99%Buy1113.20%N/AN/AN/A
FREY
FREYR BATTERY INC
$135.29M$0.96N/AN/AN/AN/AN/AN/AN/AN/A
POLA
POLAR POWER INC
$8.27M$0.47N/AN/AN/AN/AN/AN/AN/AN/A
NVX
NOVONIX LTD
$234.72M$1.92$4.00108.33%Strong Buy1227.25%N/A-123.74%-81.22%
SKYX
SKYX PLATFORMS CORP
$83.30M$0.82$4.00387.80%Strong Buy322.42%N/A-117.83%-16.16%
SVT
SERVOTRONICS INC
$30.18M$11.80N/AN/AN/AN/AN/AN/AN/AN/A
PITA
HERAMBA ELECTRIC PLC
$64.21M$1.37N/AN/AN/AN/AN/AN/AN/AN/A
CCTG
CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LTD
$17.26M$1.49N/AN/AN/AN/AN/AN/AN/AN/A
DFLI
DRAGONFLY ENERGY HOLDINGS CORP
$35.99M$0.58$1.79211.30%Strong Buy514.30%N/A-582.41%-36.10%
XPON
EXPION360 INC
$2.67M$0.05N/AN/AN/AN/A7.83%N/A-264.15%-76.15%
NEOV
NEOVOLTA INC
$109.71M$3.30$4.7543.94%Strong Buy1N/AN/AN/AN/A
EPOW
SUNRISE NEW ENERGY CO LTD
$26.93M$1.03N/AN/AN/AN/AN/AN/AN/AN/A
EAF
GRAFTECH INTERNATIONAL LTD
$375.46M$1.46$1.00-31.51%Hold1-6.29%N/A-554.27%-7.74%
GAUZ
GAUZY LTD
$166.45M$8.91$21.75144.11%Strong Buy4N/AN/A-15.04%-4.93%
RFIL
R F INDUSTRIES LTD
$42.50M$4.05$4.5011.11%Strong Buy13.17%N/A1.23%0.58%
CAPT
CAPTIVISION INC
$59.12M$2.04N/AN/AN/AN/AN/AN/AN/AN/A
STI
SOLIDION TECHNOLOGY INC
$33.75M$0.37N/AN/AN/AN/AN/AN/AN/AN/A
GTI
GRAPHJET TECHNOLOGY
$400.60M$2.73N/AN/AN/AN/AN/AN/AN/AN/A

Electrical Equipment & Part Stocks FAQ

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

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

1. Powell Industries (NASDAQ:POWL)


Powell Industries (NASDAQ:POWL) 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 22 out of 38 due diligence checks and has strong fundamentals. Powell Industries has seen its stock return 183.68% over the past year, overperforming other electrical equipment & part stocks by 160 percentage points.

2. Cbak Energy Technology (NASDAQ:CBAT)


Cbak Energy Technology (NASDAQ:CBAT) 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. Cbak Energy Technology has seen its stock return 41.77% over the past year, overperforming other electrical equipment & part stocks by 19 percentage points.

3. Erayak Power Solution Group (NASDAQ:RAYA)


Erayak Power Solution Group (NASDAQ:RAYA) 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 18 out of 33 due diligence checks and has strong fundamentals. Erayak Power Solution Group has seen its stock lose -22.11% over the past year, underperforming other electrical equipment & part stocks by -45 percentage points.

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

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:

1. Energizer Holdings (NYSE:ENR)


Energizer Holdings (NYSE:ENR) has an annual dividend yield of 3.77%, which is 3 percentage points higher than the electrical equipment & part industry average of 1.12%. 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 800% 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 2.69%, which is 2 percentage points higher than the electrical equipment & part industry average of 1.12%. 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 39.5% indicates that its dividend yield is sustainable for the long-term.

3. Atkore (NYSE:ATKR)


Atkore (NYSE:ATKR) has an annual dividend yield of 1.16%, which is the same as the electrical equipment & part industry average of 1.12%.

Atkore's dividend payout ratio of 4.4% indicates that its dividend yield is sustainable for the long-term.

Why are electrical equipment & part stocks down?

Electrical equipment & part stocks were down -0.38% in the last day, and up 1.91% over the last week.

We couldn't find a catalyst for why electrical equipment & part stocks are down.

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. Erayak Power Solution Group (NASDAQ:RAYA)


Erayak Power Solution Group (NASDAQ:RAYA) is the most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Erayak Power Solution Group has a valuation score of 71, which is 52 points higher than the electrical equipment & part industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Erayak Power Solution Group's stock has dropped -22.11% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -45 percentage points.

2. Cbak Energy Technology (NASDAQ:CBAT)


Cbak Energy Technology (NASDAQ:CBAT) is the second most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Cbak Energy Technology has a valuation score of 71, which is 52 points higher than the electrical equipment & part industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Cbak Energy Technology's stock has gained 41.77% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 19 percentage points.

3. Advanced Energy Industries (NASDAQ:AEIS)


Advanced Energy Industries (NASDAQ:AEIS) is the third most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Advanced Energy Industries has a valuation score of 57, which is 38 points higher than the electrical equipment & part industry average of 19. It passed 4 out of 7 valuation due diligence checks.

Advanced Energy Industries's stock has gained 4.03% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -19 percentage points.

Are electrical equipment & part stocks a good buy now?

51.61% 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 14.38% 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 43.4x.
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