Sectors & IndustriesIndustrialsElectrical Equipment & Parts

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.

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

Encore Wire (NASDAQ:WIRE) is the top electrical equipment & part stock with a Zen Score of 61, which is 31 points higher than the electrical equipment & part industry average of 30. It passed 23 out of 38 due diligence checks and has strong fundamentals. Encore Wire has seen its stock return 21.58% over the past year, overperforming other electrical equipment & part stocks by 5 percentage points.

Preformed Line Products Co (NASDAQ:PLPC) is the second best electrical equipment & part stock with a Zen Score of 53, which is 23 points higher than the electrical equipment & part industry average of 30. It passed 20 out of 38 due diligence checks and has strong fundamentals. Preformed Line Products Co has seen its stock return 142.14% over the past year, overperforming other electrical equipment & part stocks by 126 percentage points.

Powell Industries (NASDAQ:POWL) is the third best electrical equipment & part stock with a Zen Score of 53, which is 23 points higher than the electrical equipment & part industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Powell Industries has seen its stock return 118.4% over the past year, overperforming other electrical equipment & part stocks by 102 percentage points.

Out of 15 electrical equipment & part stocks that have issued dividends in the past year, the 3 electrical equipment & part stocks with the highest dividend yields are:

Energizer Holdings (NYSE:ENR) has an annual dividend yield of 3.63%, 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 -37.3% indicates that its dividend yield might not be sustainable for the long-term.

Azz (NYSE:AZZ) has an annual dividend yield of 1.77%, which is 1 percentage points higher than the electrical equipment & part industry average of 0.96%. Azz's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Azz's dividend has shown consistent growth over the last 10 years.

Azz's dividend payout ratio of -27.5% indicates that its dividend yield might not be sustainable for the long-term.

Powell Industries (NASDAQ:POWL) has an annual dividend yield of 1.67%, which is 1 percentage points higher than the electrical equipment & part industry average of 0.96%. 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 44.9% indicates that its dividend yield is sustainable for the long-term.

Electrical equipment & part stocks were up 2.23% in the last day, and up 3.12% over the last week. Plug Power was the among the top gainers in the electrical equipment & parts industry, gaining 7.36% yesterday.

Shares of EV charging stocks are trading higher amid strength in growth names.

Based on WallStreetZen's Valuation Score, the 3 most undervalued electrical equipment & part stocks right now are:

Preformed Line Products Co (NASDAQ:PLPC) is the most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Preformed Line Products Co has a valuation score of 86, which is 59 points higher than the electrical equipment & part industry average of 27. It passed 6 out of 7 valuation due diligence checks.

Preformed Line Products Co's stock has gained 142.14% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 126 percentage points.

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 59 points higher than the electrical equipment & part industry average of 27. It passed 6 out of 7 valuation due diligence checks.

Encore Wire's stock has gained 21.58% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 5 percentage points.

Kimball Electronics (NASDAQ:KE) is the third most undervalued electrical equipment & part stock based on WallStreetZen's Valuation Score. Kimball Electronics has a valuation score of 71, which is 44 points higher than the electrical equipment & part industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Kimball Electronics's stock has gained 25.1% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 9 percentage points.