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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
PPSI
PIONEER POWER SOLUTIONS INC
United States
$38.83M9,930,0225.07%94.93%Net Selling
POWL
POWELL INDUSTRIES INC
United States
$2.41B11,987,83855.88%44.12%Net SellingNet Selling
WIRE
ENCORE WIRE CORP
United States
$4.40B15,788,91672.47%27.53%Net Buying
ENS
ENERSYS
United States
$4.30B40,147,60349.30%50.70%Net SellingNet Buying
ATKR
ATKORE INC
United States
$5.68B36,430,49797.29%2.71%Net SellingNet Selling
ENR
ENERGIZER HOLDINGS INC
United States
$2.07B71,790,43484.51%2.24%Net Selling
AYI
ACUITY BRANDS INC
United States
$8.10B30,797,87292.78%3.43%Net SellingNet Selling
HUBB
HUBBELL INC
United States
$22.17B53,685,99787.38%12.62%Net SellingNet Selling
ESP
ESPEY MFG & ELECTRONICS CORP
United States
$58.43M2,732,76214.99%44.88%Net Buying
NVT
NVENT ELECTRIC PLC
United Kingdom
$14.18B166,019,01489.79%9.36%Net SellingNet Selling
CBAT
CBAK ENERGY TECHNOLOGY INC
China
$116.92M89,939,1902.13%40.15%
PLPC
PREFORMED LINE PRODUCTS CO
United States
$646.13M4,918,03625.29%74.71%Net SellingNet Selling
ULBI
ULTRALIFE CORP
United States
$186.07M16,466,59422.21%77.79%Net BuyingNet Buying
VRT
VERTIV HOLDINGS CO
United States
$39.74B374,344,98781.18%13.55%Net SellingNet Selling
AEIS
ADVANCED ENERGY INDUSTRIES INC
United States
$4.10B37,442,66063.14%36.86%Net SellingNet Selling
RAYA
ERAYAK POWER SOLUTION GROUP INC
China
$11.84M12,450,0000.12%0.00%
NVX
NOVONIX LTD
Australia
$261.47M488,733,4610.02%0.00%
GWH
ESS TECH INC
United States
$132.94M174,918,92632.29%55.01%Net BuyingNet Buying
FCEL
FUELCELL ENERGY INC
United States
$395.38M451,862,05441.55%9.39%Net SellingNet Selling
WBX
WALLBOX NV
Spain
$316.81M209,807,0063.68%0.00%
FLUX
FLUX POWER HOLDINGS INC
United States
$52.22M16,682,4653.09%96.91%Net SellingNet Selling
ENVX
ENOVIX CORP
United States
$1.84B170,000,05048.30%23.81%Net SellingNet Selling
HAYW
HAYWARD HOLDINGS INC
United States
$3.13B214,858,34068.49%31.51%Net SellingNet Selling
BE
BLOOM ENERGY CORP
United States
$3.70B227,020,02473.20%13.45%Net SellingNet Selling
SLDP
SOLID POWER INC
United States
$315.14M177,045,89125.53%32.76%Net SellingNet Selling
IPWR
IDEAL POWER INC
United States
$56.86M7,684,23825.23%50.53%Net Selling
ELVA
ELECTROVAYA INC
Canada
$97.62M34,134,16513.10%0.00%
SKYX
SKYX PLATFORMS CORP
United States
$87.73M100,032,80410.82%38.35%Net SellingNet Selling
AMPX
AMPRIUS TECHNOLOGIES INC
United States
$136.99M94,472,6555.22%75.69%Net SellingNet Buying
MVST
MICROVAST HOLDINGS INC
United States
$111.02M317,196,09520.41%31.20%Net Selling
HOLI
HOLLYSYS AUTOMATION TECHNOLOGIES LTD
China
$1.38B61,987,79163.81%0.00%
OPTT
OCEAN POWER TECHNOLOGIES INC
United States
$11.42M59,463,5735.97%4.92%Net Buying
PLUG
PLUG POWER INC
United States
$2.41B742,559,08136.89%11.02%Net BuyingNet Buying
APWC
ASIA PACIFIC WIRE & CABLE CORP LTD
Taiwan
$31.11M20,616,2271.03%6.57%
LTBR
LIGHTBRIDGE CORP
United States
$40.56M14,434,4802.91%97.09%Net SellingNet Buying
ADSE
ADS-TEC ENERGY PUBLIC LTD CO
Ireland
$562.50M50,584,7588.16%0.60%
KE
KIMBALL ELECTRONICS INC
United States
$557.32M24,869,20676.09%6.39%Net Selling
OESX
ORION ENERGY SYSTEMS INC
United States
$31.81M32,561,60147.26%50.67%Net Buying
FREY
FREYR BATTERY INC
United States
$360.44M139,705,23434.47%26.32%Net BuyingNet Buying
EOSE
EOS ENERGY ENTERPRISES INC
United States
$147.56M208,127,55039.64%13.96%Net SellingNet Buying
CCTG
CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LTD
Hong Kong
$26.66M11,250,0000.00%0.00%
POLA
POLAR POWER INC
United States
$8.41M17,561,61218.93%35.44%
DFLI
DRAGONFLY ENERGY HOLDINGS CORP
United States
$56.70M60,509,4767.82%72.33%
SVT
SERVOTRONICS INC
United States
$31.30M2,548,6737.14%92.86%Net SellingNet Selling
XPON
EXPION360 INC
United States
$12.95M7,445,2612.50%31.49%Net Selling
EPOW
SUNRISE NEW ENERGY CO LTD
China
$20.13M26,141,3500.10%0.00%
NXU
NXU INC
United States
$264.52k459,2320.35%99.65%Net Selling
NEOV
NEOVOLTA INC
United States
$101.04M33,236,0914.96%14.84%
STI
SOLIDION TECHNOLOGY INC
United States
$177.17M73,211,0002.38%97.28%
RFIL
R F INDUSTRIES LTD
United States
$33.48M10,495,54823.16%32.97%Net Buying
EAF
GRAFTECH INTERNATIONAL LTD
United States
$457.76M257,167,12768.51%31.49%Net SellingNet Buying
CAPT
CAPTIVISION INC
United Kingdom
$147.51M28,979,8280.40%0.00%
GTI
GRAPHJET TECHNOLOGY
Malaysia
$883.72M144,163,0750.02%0.21%

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 -30.43% over the past year, underperforming other electrical equipment & part stocks by -69 percentage points.

Pioneer Power Solutions has an average 1 year price target of $10.50, an upside of 168.54% from Pioneer Power Solutions's current stock price of $3.91.

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 245.82% over the past year, overperforming other electrical equipment & part stocks by 207 percentage points.

3. Encore Wire (NASDAQ:WIRE)


Encore Wire (NASDAQ:WIRE) is the third best electrical equipment & part stock with a Zen Score of 52, which is 24 points higher than the electrical equipment & part industry average of 28. It passed 19 out of 38 due diligence checks and has strong fundamentals. Encore Wire has seen its stock return 72.22% over the past year, overperforming other electrical equipment & part stocks by 34 percentage points.

Encore Wire has an average 1 year price target of $292.50, an upside of 4.96% from Encore Wire's current stock price of $278.69.

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 4.16%, which is 3 percentage points higher than the electrical equipment & part industry average of 0.95%. 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 2.69%, which is 2 percentage points higher than the electrical equipment & part industry average of 0.95%. 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 1.13%, which is the same as the electrical equipment & part industry average of 0.95%. 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 2.43% in the last day, and up 5.11% over the last week.

We couldn't find a catalyst for why electrical equipment & part stocks are up.

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 72.22% in the past year. It has overperformed other stocks in the electrical equipment & part industry by 34 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 -30.43% in the past year. It has underperformed other stocks in the electrical equipment & part industry by -69 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 38.96% in the past year. It has performed in line with other stocks in the electrical equipment & part industry.

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 8.48% 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 43.98x.
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