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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
WIRE
ENCORE WIRE CORP
$4.45B$2.57B$516.69M$372.40M$22.07-14.91%14.78%-41.10%42.55%
PPSI
PIONEER POWER SOLUTIONS INC
$36.54M$42.60M$3.27M$1.78M$0.18103.13%-10.01%N/AN/A2024-05-13
POWL
POWELL INDUSTRIES INC
$1.79B$766.47M$105.33M$77.45M$6.5038.63%10.38%330.46%N/A2024-04-30
MAMO
MASSIMO GROUP
$183.37M$115.04M$16.36M$10.42M$0.2632.95%N/A225.00%N/A
ESP
ESPEY MFG & ELECTRONICS CORP
$61.70M$37.02M$6.38M$4.65M$1.897.19%4.91%62.93%27.54%2024-05-13
AEIS
ADVANCED ENERGY INDUSTRIES INC
$3.47B$1.66B$203.10M$128.28M$3.42-10.27%18.16%-35.83%-1.88%2024-05-01
ENR
ENERGIZER HOLDINGS INC
$2.06B$2.91B$409.90M$93.40M$1.31-1.94%10.14%N/A-5.52%2024-05-07
ENS
ENERSYS
$3.65B$3.66B$445.99M$274.13M$6.710.98%6.32%98.52%7.66%2024-05-22
AYI
ACUITY BRANDS INC
$7.79B$3.85B$590.20M$377.70M$12.11-6.35%0.31%5.30%8.22%
HUBB
HUBBELL INC
$21.37B$5.37B$1.16B$759.80M$14.148.59%3.69%39.59%16.57%
PLPC
PREFORMED LINE PRODUCTS CO
$611.08M$669.68M$105.16M$63.33M$12.875.13%9.73%16.68%19.51%2024-05-01
KE
KIMBALL ELECTRONICS INC
$521.26M$1.84B$129.62M$54.65M$2.1916.16%10.63%25.14%14.98%2024-05-08
NVT
NVENT ELECTRIC PLC
$12.17B$3.26B$720.30M$567.10M$3.4212.19%8.07%42.50%21.53%2024-05-03
ULBI
ULTRALIFE CORP
$143.58M$158.64M$15.08M$7.20M$0.4420.33%12.72%N/A-22.46%2024-04-25
ATKR
ATKORE INC
$6.59B$3.48B$970.93M$654.79M$16.93-10.84%13.22%-17.29%43.42%2024-05-07
CBAT
CBAK ENERGY TECHNOLOGY INC
$94.42M$204.44M$9.94M-$2.45M-$0.03-17.81%52.94%N/AN/A2024-05-08
HAYW
HAYWARD HOLDINGS INC
$2.91B$992.45M$227.73M$80.69M$0.38-24.48%N/A-53.66%N/A2024-05-02
GWH
ESS TECH INC
$123.13M$7.54M-$69.83M-$77.58M-$0.48743.40%N/AN/AN/A2024-05-08
RAYA
ERAYAK POWER SOLUTION GROUP INC
$8.12M$20.32M$2.72M$1.22M$0.10-24.48%N/A-73.68%N/A
LTBR
LIGHTBRIDGE CORP
$36.11M$0.00-$7.91M-$7.91M-$0.65N/AN/AN/AN/A2024-05-08
ZEO
ZEO ENERGY CORP
$200.28M$110.07M$8.21M$6.23M$6.2323.72%N/A-28.14%N/A
ENVX
ENOVIX CORP
$1.01B$7.64M-$176.24M-$214.07M-$1.3523.25%N/AN/AN/A2024-05-06
VRT
VERTIV HOLDINGS CO
$32.30B$6.86B$984.80M$460.20M$1.2120.59%9.88%505.00%N/A
AMPX
AMPRIUS TECHNOLOGIES INC
$151.14M$9.05M-$33.82M-$36.78M-$0.43105.33%N/AN/AN/A2024-05-08
FCEL
FUELCELL ENERGY INC
$389.96M$103.01M-$70.58M-$111.94M-$0.26-24.12%8.47%N/AN/A2024-06-06
SLDP
SOLID POWER INC
$306.05M$17.41M-$52.74M-$65.55M-$0.3747.68%N/AN/AN/A2024-05-07
APWC
ASIA PACIFIC WIRE & CABLE CORP LTD
$28.24M$433.89M$14.17M$3.87M$0.19-8.97%0.40%N/A-21.32%2024-04-30
BE
BLOOM ENERGY CORP
$2.17B$1.33B-$95.70M-$302.12M-$1.4211.20%16.08%N/AN/A2024-05-07
MVST
MICROVAST HOLDINGS INC
$142.74M$306.62M-$78.01M-$106.34M-$0.3449.94%11.97%N/AN/A2024-05-07
FLUX
FLUX POWER HOLDINGS INC
$70.43M$64.48M-$2.75M-$5.85M-$0.361.75%54.56%N/AN/A2024-05-09
HOLI
HOLLYSYS AUTOMATION TECHNOLOGIES LTD
$1.52B$786.22M$105.62M$83.07M$1.354.47%7.17%-23.73%-7.65%2024-05-14
OPTT
OCEAN POWER TECHNOLOGIES INC
$11.00M$4.93M-$31.69M-$30.30M-$0.5296.77%49.43%N/AN/A
PLUG
PLUG POWER INC
$1.65B$891.34M-$1.26B-$1.37B-$2.3027.07%38.61%N/AN/A2024-05-07
NVX
NOVONIX LTD
$277.36M$8.05MN/A-$46.25M-$0.0036.46%N/AN/AN/A
DFLI
DRAGONFLY ENERGY HOLDINGS CORP
$50.80M$64.39M$3.41M-$13.82M-$0.26-25.34%N/AN/AN/A
SKYX
SKYX PLATFORMS CORP
$80.60M$58.79M-$32.85M-$39.73M-$0.45183,479.30%50.16%N/AN/A2024-05-06
OESX
ORION ENERGY SYSTEMS INC
$28.78M$85.80M-$14.94M-$18.40M-$0.5710.26%8.01%N/AN/A2024-06-04
IPWR
IDEAL POWER INC
$55.07M$198.87k-$9.62M-$9.95M-$1.61-2.16%N/AN/AN/A2024-05-02
FREY
FREYR BATTERY INC
$216.54M$0.00-$66.58M-$71.95M-$0.51N/AN/AN/AN/A2024-05-13
ELVA
ELECTROVAYA INC
$104.88M$44.06M-$1.25M-$1.48M-$0.04170.80%N/AN/AN/A2024-05-02
EPOW
SUNRISE NEW ENERGY CO LTD
$18.01M$48.57M-$16.43M-$19.83M-$0.88297.05%N/AN/AN/A2024-05-06
XPON
EXPION360 INC
$14.99M$5.98M-$7.12M-$7.46M-$1.08-16.50%N/AN/AN/A2024-05-10
ADSE
ADS-TEC ENERGY PUBLIC LTD CO
$532.76M$58.18MN/A-$42.52M-$0.41168.16%N/AN/AN/A
EOSE
EOS ENERGY ENTERPRISES INC
$154.01M$16.38M-$162.47M-$229.51M-$1.81-8.63%N/AN/AN/A2024-05-15
POLA
POLAR POWER INC
$6.22M$15.29M-$5.60M-$6.55M-$0.49-4.75%-8.65%N/AN/A2024-05-13
CCTG
CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LTD
$25.88M$15.94M$337.04k-$218.58k-$0.02-44.11%N/AN/AN/A
SVT
SERVOTRONICS INC
$31.00M$43.63M-$8.27M-$10.79M-$4.3724.00%-1.83%N/AN/A2024-05-13
SERV
SERVE ROBOTICS INC
N/A$207.55k-$20.69M-$24.81M-$1.7592.49%N/AN/AN/A
NEOV
NEOVOLTA INC
$71.79M$3.13M-$1.94M-$1.94M-$0.06-20.56%N/AN/AN/A2024-05-29
NXU
NXU INC
$165.78k$0.00-$62.86M-$63.30M-$966.00N/AN/AN/AN/A
STI
SOLIDION TECHNOLOGY INC
$144.96M$6.94k-$5.32M-$5.32MN/A-63.52%N/AN/AN/A
RFIL
R F INDUSTRIES LTD
$30.96M$67.28M-$2.60M-$3.28M-$0.31-22.38%4.94%N/AN/A2024-06-12
CAPT
CAPTIVISION INC
$141.51M$32.75M-$9.20M-$9.71M-$0.47144.32%N/AN/AN/A
EAF
GRAFTECH INTERNATIONAL LTD
$423.77M$620.50M-$158.79M-$255.25M-$0.99-51.57%-20.02%N/AN/A2024-04-26
GTI
GRAPHJET TECHNOLOGY
$1.03B$0.00-$1.88M-$2.34M-$0.94N/AN/AN/AN/A
NCNC
NOCO-NOCO INC
$30.20M$0.00-$16.79M-$16.79M-$0.14N/AN/AN/AN/A

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.