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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
WIRE
ENCORE WIRE CORP
United States
$3.19B18,270,38675.98%24.02%Net SellingNet Selling
PLPC
PREFORMED LINE PRODUCTS CO
United States
$610.48M4,919,28224.12%75.88%Net SellingNet Selling
HUBB
HUBBELL INC
United States
$12.34B53,600,59287.50%12.50%Net SellingNet Selling
AEIS
ADVANCED ENERGY INDUSTRIES INC
United States
$3.63B37,468,51462.60%37.40%Net BuyingNet Buying
HOLI
HOLLYSYS AUTOMATION TECHNOLOGIES LTD
China
$1.03B61,440,19164.26%0.00%
EAF
GRAFTECH INTERNATIONAL LTD
United States
$1.09B256,613,55492.05%0.07%Net SellingNet Selling
BDC
BELDEN INC
United States
$3.59B42,895,63095.44%4.56%Net SellingNet Selling
POWL
POWELL INDUSTRIES INC
United States
$487.35M11,834,68352.47%47.53%Net SellingNet Buying
FCEL
FUELCELL ENERGY INC
United States
$1.13B405,732,05345.06%10.24%Net Selling
CBAT
CBAK ENERGY TECHNOLOGY INC
China
$72.08M88,990,8581.94%40.57%
HAYW
HAYWARD HOLDINGS INC
United States
$2.33B212,623,14065.28%34.72%Net SellingNet Selling
AYI
ACUITY BRANDS INC
United States
$5.41B32,051,48394.46%3.25%Net SellingNet Selling
NVT
NVENT ELECTRIC PLC
United Kingdom
$6.77B165,348,06087.74%9.18%Net SellingNet Selling
BMI
BADGER METER INC
United States
$3.43B29,292,95285.16%4.23%Net BuyingNet Selling
KE
KIMBALL ELECTRONICS INC
United States
$551.84M24,724,17368.45%6.18%Net SellingNet Buying
LASE
LASER PHOTONICS CORP
United States
$39.86M7,878,4171.42%61.95%Net Buying
AZZ
AZZ INC
United States
$966.41M24,894,52689.44%6.28%Net SellingNet Buying
NVX
NOVONIX LTD
Australia
$380.90M486,774,6220.03%0.00%
ENS
ENERSYS
United States
$3.33B40,850,52350.29%49.71%Net SellingNet Buying
LTBR
LIGHTBRIDGE CORP
United States
$43.32M11,583,8212.08%97.92%Net BuyingNet Buying
SLDP
SOLID POWER INC
United States
$480.85M176,782,72131.47%29.77%Net SellingNet Buying
IPWR
IDEAL POWER INC
United States
$60.28M5,903,79720.08%65.32%Net Selling
OESX
ORION ENERGY SYSTEMS INC
United States
$61.36M32,292,97449.34%47.35%Net BuyingNet Buying
PLUG
PLUG POWER INC
United States
$6.66B593,394,43053.58%13.71%Net SellingNet Buying
MVST
MICROVAST HOLDINGS INC
United States
$362.01M309,408,52823.02%32.21%Net Buying
BE
BLOOM ENERGY CORP
United States
$3.77B206,096,09765.30%13.13%Net BuyingNet Selling
ESP
ESPEY MFG & ELECTRONICS CORP
United States
$51.67M2,702,63310.92%45.38%
FLUX
FLUX POWER HOLDINGS INC
United States
$83.99M16,029,4783.03%96.97%Net SellingNet Selling
PPSI
PIONEER POWER SOLUTIONS INC
United States
$25.27M9,644,5451.87%98.13%Net Buying
OPTT
OCEAN POWER TECHNOLOGIES INC
United States
$29.23M56,213,7287.67%3.19%Net BuyingNet Buying
DCFC
TRITIUM DCFC LTD
Australia
$179.76M156,310,91827.31%0.00%
ABB
ABB LTD
Switzerland
$61.08B1,865,003,3315.31%0.00%
VRT
VERTIV HOLDINGS CO
United States
$4.94B377,640,81384.60%15.40%Net Selling
ENVX
ENOVIX CORP
United States
$1.77B157,780,08254.12%37.27%Net BuyingNet Buying
GWH
ESS TECH INC
United States
$166.65M154,307,97641.66%48.76%Net SellingNet Selling
AULT
AULT ALLIANCE INC
United States
$33.18M356,761,2036.89%19.95%Net BuyingNet Buying
ADSE
ADS-TEC ENERGY PUBLIC LTD CO
Ireland
$121.04M48,807,8987.57%0.62%
RFIL
R F INDUSTRIES LTD
United States
$44.05M10,291,06729.60%29.79%Net BuyingNet Buying
ENR
ENERGIZER HOLDINGS INC
United States
$2.36B71,426,95385.26%2.16%Net Selling
POLA
POLAR POWER INC
United States
$15.93M12,949,5509.09%48.06%
APWC
ASIA PACIFIC WIRE & CABLE CORP LTD
Taiwan
$19.69M13,819,6691.33%9.81%
EOSE
EOS ENERGY ENTERPRISES INC
United States
$200.34M84,890,81228.95%32.68%Net SellingNet Selling
FREY
FREYR BATTERY
Luxembourg
$996.10M139,705,23454.49%7.96%
SVT
SERVOTRONICS INC
United States
$25.90M2,510,0427.99%92.01%Net SellingNet Buying
BW
BABCOCK & WILCOX ENTERPRISES INC
United States
$493.35M88,731,96630.13%69.87%Net BuyingNet Buying
BNRG
BRENMILLER ENERGY LTD
Israel
$20.55M15,223,9831.69%0.00%
MPTI
M-TRON INDUSTRIES INC
United States
$27.27M2,726,79823.70%36.08%Net BuyingNet Selling
XPON
EXPION360 INC
United States
$38.71M6,802,4641.62%31.41%Net Buying
NEOV
NEOVOLTA INC
United States
$82.86M33,145,3683.62%14.72%
AMPX
AMPRIUS TECHNOLOGIES INC
United States
$633.51M84,468,0872.20%79.14%Net Buying
DFLI
DRAGONFLY ENERGY HOLDINGS CORP
United States
$178.28M43,272,7281.42%95.97%Net Buying
ELBM
ELECTRA BATTERY MATERIALS CORP
Canada
$59.78M32,668,5612.42%0.00%
BURU
NUBURU INC
United States
$132.23M34,166,8844.54%32.77%Net SellingNet Selling
GRFX
GRAPHEX GROUP LTD
Hong Kong
$44.50M605,386,1500.01%0.00%

Electrical Equipment & Part Stocks FAQ

What are the best electrical equipment & part stocks to buy right now in Mar 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 63, which is 33 points higher than the electrical equipment & part industry average of 30. It passed 24 out of 38 due diligence checks and has strong fundamentals. Encore Wire has seen its stock return 36.45% over the past year, overperforming other electrical equipment & part stocks by 30 percentage points.

Encore Wire has an average 1 year price target of $190.00, an upside of 8.71% from Encore Wire's current stock price of $174.77.

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. Preformed Line Products Co (NASDAQ:PLPC)


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 90.51% over the past year, overperforming other electrical equipment & part stocks by 84 percentage points.

3. Hubbell (NYSE:HUBB)


Hubbell (NYSE:HUBB) is the third best electrical equipment & part stock with a Zen Score of 51, which is 21 points higher than the electrical equipment & part industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Hubbell has seen its stock return 26.51% over the past year, overperforming other electrical equipment & part stocks by 20 percentage points.

Hubbell has an average 1 year price target of $227.86, a downside of -1.05% from Hubbell's current stock price of $230.28.

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 17 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 3.63%, which is 2 percentage points higher than the electrical equipment & part industry average of 1.23%. 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 2.71%, which is 1 percentage points higher than the electrical equipment & part industry average of 1.23%. 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 68.2% 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 2.53%, which is 1 percentage points higher than the electrical equipment & part industry average of 1.23%. 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 -0.51% in the last day, and up 0.25% 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. Preformed Line Products Co (NASDAQ:PLPC)


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 58 points higher than the electrical equipment & part industry average of 28. It passed 6 out of 7 valuation due diligence checks.

Preformed Line Products Co's stock has gained 90.51% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 84 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 58 points higher than the electrical equipment & part industry average of 28. It passed 6 out of 7 valuation due diligence checks.

Encore Wire's stock has gained 36.45% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 30 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 43 points higher than the electrical equipment & part industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Hollysys Automation Technologies's stock has dropped -1.99% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -8 percentage points.

Are electrical equipment & part stocks a good buy now?

43.59% 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 16.34% 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 19.05x.
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