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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
PPSI
PIONEER POWER SOLUTIONS INC
$38.23M$3.85$10.50172.73%Strong Buy228.40%61.63%N/AN/A
WIRE
ENCORE WIRE CORP
$4.38B$277.14$292.505.54%Hold2N/AN/AN/AN/A
POWL
POWELL INDUSTRIES INC
$2.33B$194.69N/AN/AN/AN/A4.47%N/AN/AN/A
ENS
ENERSYS
$3.91B$97.38$116.0019.12%Buy11.46%N/AN/AN/A
ATKR
ATKORE INC
$5.66B$155.29$187.5020.74%Buy2-1.59%N/AN/AN/A
HUBB
HUBBELL INC
$21.54B$401.14$399.20-0.48%Buy55.91%-15.67%N/AN/A
AYI
ACUITY BRANDS INC
$8.11B$263.44$289.259.80%Buy42.94%N/AN/AN/A
ENR
ENERGIZER HOLDINGS INC
$2.11B$29.40$31.406.80%Hold50.98%121.36%N/AN/A
ESP
ESPEY MFG & ELECTRONICS CORP
$56.65M$20.73N/AN/AN/AN/AN/AN/AN/AN/A
NVT
NVENT ELECTRIC PLC
$13.64B$82.14$87.005.92%Strong Buy55.69%N/AN/AN/A
CBAT
CBAK ENERGY TECHNOLOGY INC
$112.42M$1.25N/AN/AN/AN/A26.14%N/AN/AN/A
PLPC
PREFORMED LINE PRODUCTS CO
$634.82M$129.08N/AN/AN/AN/AN/AN/AN/AN/A
VRT
VERTIV HOLDINGS CO
$37.48B$100.13$99.25-0.88%Strong Buy811.92%12.43%N/AN/A
ULBI
ULTRALIFE CORP
$190.68M$11.58$13.0012.26%Strong Buy1N/AN/AN/AN/A
AEIS
ADVANCED ENERGY INDUSTRIES INC
$4.08B$109.01$104.40-4.23%Buy55.10%86.84%N/AN/A
RAYA
ERAYAK POWER SOLUTION GROUP INC
$10.33M$0.83N/AN/AN/AN/A61.30%N/AN/AN/A
NVX
NOVONIX LTD
$266.36M$2.18N/AN/AN/AN/A49.88%N/AN/AN/A
GWH
ESS TECH INC
$139.41M$0.80$1.93142.53%Buy3166.47%N/AN/AN/A
FCEL
FUELCELL ENERGY INC
$404.42M$0.90$1.7595.53%Hold240.85%N/AN/AN/A
WBX
WALLBOX NV
$318.91M$1.52$4.00163.16%Strong Buy143.28%N/AN/AN/A
FLUX
FLUX POWER HOLDINGS INC
$53.38M$3.20$9.50196.88%Strong Buy420.07%N/AN/AN/A
ENVX
ENOVIX CORP
$1.80B$10.58$19.0079.58%Strong Buy6181.75%N/AN/AN/A
SLDP
SOLID POWER INC
$304.52M$1.72$3.67113.20%Buy39.43%N/AN/AN/A
HAYW
HAYWARD HOLDINGS INC
$3.14B$14.61$14.50-0.75%Hold35.78%107.36%N/AN/A
BE
BLOOM ENERGY CORP
$3.86B$17.00$15.53-8.63%Buy1517.67%N/AN/AN/A
IPWR
IDEAL POWER INC
$56.17M$7.31$14.0091.52%Strong Buy1N/AN/AN/AN/A
ELVA
ELECTROVAYA INC
$101.38M$2.97$11.00270.37%Strong Buy347.61%N/AN/AN/A
SKYX
SKYX PLATFORMS CORP
$92.93M$0.93$5.00438.21%Buy119.71%N/AN/AN/A
AMPX
AMPRIUS TECHNOLOGIES INC
$137.93M$1.46$10.00584.93%Strong Buy5169.76%N/AN/AN/A
MVST
MICROVAST HOLDINGS INC
$125.29M$0.40$4.501,039.24%Buy430.30%N/AN/AN/A
HOLI
HOLLYSYS AUTOMATION TECHNOLOGIES LTD
$1.37B$22.17N/AN/AN/AN/AN/AN/AN/AN/A
PLUG
PLUG POWER INC
$2.53B$3.41$5.4559.91%Hold1627.64%N/AN/AN/A
OPTT
OCEAN POWER TECHNOLOGIES INC
$11.18M$0.19N/AN/AN/AN/AN/AN/AN/AN/A
LTBR
LIGHTBRIDGE CORP
$42.58M$2.95N/AN/AN/AN/AN/AN/AN/AN/A
APWC
ASIA PACIFIC WIRE & CABLE CORP LTD
$30.20M$1.47N/AN/AN/AN/AN/AN/AN/AN/A
ADSE
ADS-TEC ENERGY PUBLIC LTD CO
$562.00M$11.11$14.0026.01%Hold164.66%N/AN/AN/A
KE
KIMBALL ELECTRONICS INC
$562.54M$22.62$32.0041.47%Strong Buy3-3.77%N/AN/AN/A
OESX
ORION ENERGY SYSTEMS INC
$31.91M$0.98$3.00206.12%Buy117.99%N/AN/AN/A
FREY
FREYR BATTERY INC
$347.87M$2.49N/AN/AN/AN/AN/AN/AN/AN/A
EOSE
EOS ENERGY ENTERPRISES INC
$151.52M$0.73$5.40641.76%Strong Buy5443.72%N/AN/AN/A
CCTG
CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LTD
$27.23M$2.42N/AN/AN/AN/AN/AN/AN/AN/A
POLA
POLAR POWER INC
$9.13M$0.52N/AN/AN/AN/AN/AN/AN/AN/A
DFLI
DRAGONFLY ENERGY HOLDINGS CORP
$58.57M$0.97$1.8085.95%Strong Buy412.34%N/AN/AN/A
SVT
SERVOTRONICS INC
$31.30M$12.28N/AN/AN/AN/AN/AN/AN/AN/A
XPON
EXPION360 INC
$12.95M$1.74N/AN/AN/AN/A8.41%N/AN/AN/A
EPOW
SUNRISE NEW ENERGY CO LTD
$20.13M$0.77N/AN/AN/AN/AN/AN/AN/AN/A
NEOV
NEOVOLTA INC
$98.05M$2.95N/AN/AN/AN/AN/AN/AN/AN/A
NXU
NXU INC
$266.36k$0.58N/AN/AN/AN/AN/AN/AN/AN/A
STI
SOLIDION TECHNOLOGY INC
$156.67M$2.14N/AN/AN/AN/AN/AN/AN/AN/A
RFIL
R F INDUSTRIES LTD
$32.64M$3.11$4.0028.62%Strong Buy11.14%N/AN/AN/A
EAF
GRAFTECH INTERNATIONAL LTD
$506.62M$1.97$1.88-4.82%Hold4-16.92%N/AN/AN/A
CAPT
CAPTIVISION INC
$151.27M$5.22N/AN/AN/AN/AN/AN/AN/AN/A
GTI
GRAPHJET TECHNOLOGY
$916.88M$6.36N/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 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 -35.51% over the past year, underperforming other electrical equipment & part stocks by -68 percentage points.

Pioneer Power Solutions has an average 1 year price target of $10.50, an upside of 172.73% from Pioneer Power Solutions's current stock price of $3.85.

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 235.9% over the past year, overperforming other electrical equipment & part stocks by 203 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 68.99% 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 5.54% from Encore Wire's current stock price of $277.14.

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 4.08%, which is 3 percentage points higher than the electrical equipment & part industry average of 0.96%. 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 2.77%, which is 2 percentage points higher than the electrical equipment & part industry average of 0.96%. 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 29.5% 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 0.96%. 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 up?

Electrical equipment & part stocks were up 0.07% in the last day, and up 0.17% over the last week. Nxu was the among the top gainers in the electrical equipment & parts industry, gaining 29.18% yesterday.

Nxu shares are trading higher after the company was issued a vehicle technology patent.

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 68.99% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 36 percentage points.

2. Pioneer Power Solutions (NASDAQ:PPSI)


Pioneer Power Solutions (NASDAQ:PPSI) is the second most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Pioneer Power Solutions 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.

Pioneer Power Solutions's stock has dropped -35.51% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -68 percentage points.

3. Hollysys Automation Technologies (NASDAQ:HOLI)


Hollysys Automation Technologies (NASDAQ:HOLI) is the third 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 36.35% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 4 percentage points.

Are electrical equipment & part stocks a good buy now?

43.75% 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 10.56% 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 40.94x.
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.