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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
WIRE
ENCORE WIRE CORP
$3.12B$170.35$190.0011.54%Strong Buy1N/AN/A15.62%13.98%
SLDP
SOLID POWER INC
$599.53M$3.41$5.2553.96%Hold5N/AN/AN/AN/A
HUBB
HUBBELL INC
$13.01B$242.20$227.86-5.92%Hold710.11%4.69%27.91%12.12%
PLPC
PREFORMED LINE PRODUCTS CO
$437.52M$88.93N/AN/AN/AN/AN/AN/AN/AN/A
POWL
POWELL INDUSTRIES INC
$536.70M$45.35N/AN/AHold1N/AN/AN/AN/A
PLUG
PLUG POWER INC
$9.61B$16.48$25.5655.07%Buy1868.50%N/AN/AN/A
FCEL
FUELCELL ENERGY INC
$1.59B$3.93$3.62-7.96%Hold324.22%N/A-8.30%-6.04%
BMI
BADGER METER INC
$3.54B$120.89$93.00-23.07%Hold14.15%10.46%N/AN/A
AEIS
ADVANCED ENERGY INDUSTRIES INC
$3.58B$95.79$95.20-0.62%Buy55.01%16.67%23.16%11.61%
HOLI
HOLLYSYS AUTOMATION TECHNOLOGIES LTD
$1.14B$18.40$20.5011.41%Strong Buy1N/AN/A12.70%8.74%
OESX
ORION ENERGY SYSTEMS INC
$58.21M$1.82$3.0064.84%Hold120.31%N/A27.28%20.49%
ENS
ENERSYS
$3.53B$86.56$80.00-7.58%Buy12.92%50.63%17.19%6.69%
GWH
ESS TECH INC
$363.22M$2.37$6.88190.08%Buy4969.09%-74.82%N/AN/A
ABB
ABB LTD
$66.33B$33.87$36.708.36%Buy96.30%-6.73%N/AN/A
NVT
NVENT ELECTRIC PLC
$6.74B$40.44$40.750.77%Buy5-3.27%12.16%14.77%8.03%
CBAT
CBAK ENERGY TECHNOLOGY INC
$104.12M$1.17N/AN/AN/AN/AN/AN/AN/AN/A
BDC
BELDEN INC
$3.56B$83.05$75.67-8.89%Buy31.19%48.28%N/AN/A
LTBR
LIGHTBRIDGE CORP
$48.30M$4.17N/AN/AN/AN/AN/AN/AN/AN/A
AYI
ACUITY BRANDS INC
$6.14B$191.61$195.802.19%Buy6-1.44%3.89%N/AN/A
AZZ
AZZ INC
$1.06B$42.59$48.0012.70%Hold1-10.60%7.22%11.88%4.61%
MVST
MICROVAST HOLDINGS INC
$519.61M$1.68$6.00257.14%Sell287.11%N/A2.51%1.59%
EAF
GRAFTECH INTERNATIONAL LTD
$1.42B$5.52$7.2130.69%Hold5N/AN/A114.57%19.81%
LASE
LASER PHOTONICS CORP
$51.37M$6.52N/AN/AN/AN/AN/AN/AN/AN/A
ENVX
ENOVIX CORP
$1.41B$8.97$30.45239.46%Strong Buy10289.53%N/AN/AN/A
OPTT
OCEAN POWER TECHNOLOGIES INC
$38.64M$0.69N/AN/AN/AN/AN/AN/AN/AN/A
IPWR
IDEAL POWER INC
$73.62M$12.47$18.0044.35%Strong Buy1N/AN/AN/AN/A
VRT
VERTIV HOLDINGS CO
$5.36B$14.20$16.7117.70%Strong Buy815.03%431.58%35.73%6.63%
PPSI
PIONEER POWER SOLUTIONS INC
$28.93M$3.00$12.00300.00%Strong Buy166.01%N/AN/AN/A
FLUX
FLUX POWER HOLDINGS INC
$97.78M$6.10$8.0031.15%Strong Buy133.60%N/AN/AN/A
DCFC
TRITIUM DCFC LTD
$218.92M$1.43$4.25197.20%Buy4121.80%N/AN/AN/A
EOSE
EOS ENERGY ENTERPRISES INC
$100.04M$1.35$7.00418.52%Strong Buy3933.66%N/AN/A-6.42%
BE
BLOOM ENERGY CORP
$4.71B$24.13$28.7119.00%Strong Buy1432.76%N/AN/AN/A
HAYW
HAYWARD HOLDINGS INC
$2.87B$13.59$12.71-6.45%Hold8-10.24%-11.88%18.72%7.91%
NVX
NOVONIX LTD
$622.02M$5.12N/AN/AN/AN/AN/AN/AN/AN/A
AULT
AULT ALLIANCE INC
$50.66M$0.14$7.004,829.58%Strong Buy1N/AN/AN/AN/A
ADSE
ADS-TEC ENERGY PUBLIC LTD CO
$144.96M$2.97$10.67259.16%Strong Buy3N/AN/A47.29%30.88%
KE
KIMBALL ELECTRONICS INC
$635.06M$25.70$27.005.06%Strong Buy1N/AN/AN/AN/A
ESP
ESPEY MFG & ELECTRONICS CORP
$43.67M$16.16N/AN/AN/AN/AN/AN/AN/AN/A
ENR
ENERGIZER HOLDINGS INC
$2.53B$35.42$34.33-3.07%Hold63.27%N/A193.31%5.52%
FREY
FREYR BATTERY
$1.06B$9.12$20.20121.49%Strong Buy6N/AN/AN/AN/A
RFIL
R F INDUSTRIES LTD
$54.13M$5.31$9.0069.49%Strong Buy1N/AN/A10.96%5.12%
APWC
ASIA PACIFIC WIRE & CABLE CORP LTD
$21.31M$1.54N/AN/AN/AN/AN/AN/AN/AN/A
POLA
POLAR POWER INC
$23.96M$1.85N/AN/AN/AN/AN/AN/AN/AN/A
SVT
SERVOTRONICS INC
$29.12M$11.60N/AN/AN/AN/AN/AN/AN/AN/A
BW
BABCOCK & WILCOX ENTERPRISES INC
$569.91M$6.43$8.0024.42%Hold2N/AN/A-304.97%6.23%
MPTI
M-TRON INDUSTRIES INC
$29.89M$10.96N/AN/AN/AN/AN/AN/AN/AN/A
NEOV
NEOVOLTA INC
$70.78M$2.16$10.00362.96%Strong Buy1N/AN/AN/AN/A
XPON
EXPION360 INC
$13.60M$2.00$4.25112.50%Strong Buy1N/AN/AN/AN/A
AMPX
AMPRIUS TECHNOLOGIES INC
$506.81M$6.00$14.00133.33%Strong Buy3N/AN/AN/AN/A
DFLI
DRAGONFLY ENERGY HOLDINGS CORP
$296.85M$6.86$14.00104.08%Strong Buy3N/AN/AN/AN/A
ELBM
ELECTRA BATTERY MATERIALS CORP
$74.48M$2.28$9.38311.18%Strong Buy2N/AN/AN/AN/A
BNRG
BRENMILLER ENERGY LTD
$28.74M$1.76N/AN/AN/AN/AN/AN/AN/AN/A
BURU
NUBURU INC
$294.86M$8.63N/AN/AN/AN/AN/AN/AN/AN/A
GRFX
GRAPHEX GROUP LTD
$57.81M$1.91N/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 Feb 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 65, which is 36 points higher than the electrical equipment & part industry average of 29. It passed 25 out of 38 due diligence checks and has strong fundamentals. Encore Wire has seen its stock return 52.13% over the past year, overperforming other electrical equipment & part stocks by 38 percentage points.

Encore Wire has an average 1 year price target of $190.00, an upside of 11.54% from Encore Wire's current stock price of $170.35.

Encore Wire stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Encore Wire, 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.

2. Solid Power (NASDAQ:SLDP)


Solid Power (NASDAQ:SLDP) is the second best electrical equipment & part stock with a Zen Score of 63, which is 34 points higher than the electrical equipment & part industry average of 29. It passed 20 out of 33 due diligence checks and has strong fundamentals. Solid Power has seen its stock lose -46.55% over the past year, underperforming other electrical equipment & part stocks by -61 percentage points.

Solid Power has an average 1 year price target of $5.25, an upside of 53.96% from Solid Power's current stock price of $3.41.

Solid Power stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Solid Power, 20% have issued a Strong Buy rating, 0% have issued a Buy, 80% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Hubbell (NYSE:HUBB)


Hubbell (NYSE:HUBB) is the third best electrical equipment & part stock with a Zen Score of 51, which is 22 points higher than the electrical equipment & part industry average of 29. It passed 19 out of 38 due diligence checks and has strong fundamentals. Hubbell has seen its stock return 30.57% over the past year, overperforming other electrical equipment & part stocks by 17 percentage points.

Hubbell has an average 1 year price target of $227.86, a downside of -5.92% from Hubbell's current stock price of $242.20.

Hubbell stock has a consensus Hold recommendation according to Wall Street analysts. Of the 7 analysts covering Hubbell, 14.29% have issued a Strong Buy rating, 0% have issued a Buy, 57.14% have issued a hold, while 14.29% have issued a Sell rating, and 14.29% have issued a Strong Sell.

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

Out of 16 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 3.39%, which is 2 percentage points higher than the electrical equipment & part industry average of 1.21%. 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.

2. Abb (NYSE:ABB)


Abb (NYSE:ABB) has an annual dividend yield of 2.62%, which is 1 percentage points higher than the electrical equipment & part industry average of 1.21%. 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 38.5% indicates that its dividend yield is sustainable for the long-term.

3. Powell Industries (NASDAQ:POWL)


Powell Industries (NASDAQ:POWL) has an annual dividend yield of 2.29%, which is 1 percentage points higher than the electrical equipment & part industry average of 1.21%. Powell Industries's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Powell Industries's dividend has shown consistent growth over the last 10 years.

Powell Industries's dividend payout ratio of 68.9% indicates that its dividend yield is sustainable for the long-term.

Why are electrical equipment & part stocks down?

Electrical equipment & part stocks were down -0.83% in the last day, and up 5.3% over the last week. Energizer Holdings was the among the top losers in the electrical equipment & parts industry, dropping -4.91% yesterday.

Energizer shares are trading lower after the company reported worse-than-expected Q1 results.

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 86, which is 62 points higher than the electrical equipment & part industry average of 24. It passed 6 out of 7 valuation due diligence checks.

Encore Wire's stock has gained 52.13% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 38 percentage points.

2. Preformed Line Products Co (NASDAQ:PLPC)


Preformed Line Products Co (NASDAQ:PLPC) is the second most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Preformed Line Products Co has a valuation score of 86, which is 62 points higher than the electrical equipment & part industry average of 24. It passed 6 out of 7 valuation due diligence checks.

Preformed Line Products Co's stock has gained 50.7% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 37 percentage points.

3. Solid Power (NASDAQ:SLDP)


Solid Power (NASDAQ:SLDP) is the third most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Solid Power has a valuation score of 86, which is 62 points higher than the electrical equipment & part industry average of 24. It passed 6 out of 7 valuation due diligence checks.

Solid Power's stock has dropped -46.55% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -61 percentage points.

Are electrical equipment & part stocks a good buy now?

47.5% 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 8.59% 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 9.5x.
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.