POWL
Powell Industries, Inc.

Powell Industries, Inc.POWL

Industrials · Electrical Equipment & Parts
133.12USD
+6.44%
Nov 08, 2026
POWL overview ready
Custom Medium-Voltage Electrical Distribution Equipment for AI Data Centers
Powell designs, manufactures, integrates, commissions, and services custom medium-voltage electrical-distribution and control equipment, including switchgear, integrated power-control-room substations, electrical houses, circuit breakers, controls, and bus systems.
Primary theme is lagging
Power / Grid is lagging (-16.9pp vs SPY over 21 sessions; 8 of 32 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
Powell Industries, Inc. carries a Expensive valuation stance that the scored components do not clearly support.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Exposure to capital expenditure cycles in utilities and industrial sectors.
Market Nov 6Filing Jun 30Price action Nov 7Research Sep 22

Conviction Level

PriceAction1.4BusinessPerformance7.0BusinessQuality8.0Valuation3.4ThemeMomentum1.0Improving — Revenue growth has accelerated across 3 consecutive quarters, rising from +4.0% to +8.9% year over year. Diluted EPS is up 8% year over year at $1.42. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−16.9pp
Theme return
−21.9%
Beating SPY
8 of 32
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$4.8B
Avg Volume (60D)
658.5K
60 sessions
Revenue Growth YoY
+9.1%
FY2025 vs FY2024
Gross Margin
+30.1%
Trailing twelve months
Operating Margin
+19.7%
Trailing twelve months
Free Cash Flow Yield
+5.0%
Distance from 200DMA
-37.6%
Next Earnings
2026-11-16
P/E
25.4x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Improving

Revenue growth has accelerated across 3 consecutive quarters, rising from +4.0% to +8.9% year over year. Diluted EPS is up 8% year over year at $1.42.

Latest reported: Q3 FY2026, ended Jun 30
Revenue growthAccelerating
+8.9%
$312M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +8.3%
  2. +4.0%
  3. +6.5%
  4. +8.9%
Earnings growthGrowing
+7.6%
Diluted EPS $1.42 vs $1.32 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +12%
  2. +19%
  3. -1.6%
  4. +7.6%
Operating marginStable
20.6%
-0.5 pp YoY · gross margin 30.6% (-0.1 pp)

Business Quality

8.0 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

One of the two valuation perspectives says expensive; intrinsic is the dissenting view.
Powell Industries, Inc. carries a Expensive valuation stance that the scored components do not clearly support. Treat it as unresolved.

Company Research

Thesis
Powell designs, manufactures, integrates, commissions, and services custom medium-voltage electrical-distribution and control equipment, including switchgear, integrated power-control-room substations, electrical houses, circuit breakers, controls, and bus systems.
Opportunity
Moderate opportunity
Hyperscaler and colocation capital spending on high-density AI data-center electrical and liquid-cooling infrastructure.
Key risk
Exposure to capital expenditure cycles in utilities and industrial sectors.

Economic classification

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Business & Markets

Industrials · Electrical Equipment & Parts
What they do

Powell Industries designs, manufactures, and services custom-engineered electrical equipment and systems primarily for power distribution and control applications.

How it earns

The company generates revenue through project-based sales of custom electrical equipment and related field services.

Products & services
Integrated power control room substations
Custom-engineered modules and electrical houses
Traditional and arc-resistant distribution switchgears and control gears
Medium-voltage circuit breakers
Monitoring and control communications systems
Motor control centers
Switches
Bus duct systems
Field service inspection, installation, commissioning, modification, and repair services
Customers & end markets
Electric utilities
Commercial and industrial customers
Oil and gas
Petrochemical
Liquefied natural gas (LNG)
Data centers
Market position

Niche provider specializing in custom-engineered medium-voltage electrical distribution and control equipment.

Demand drivers
Medium cyclicality

Demand is influenced by capital expenditure cycles in utilities, industrial, and data center markets.

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