Powell Industries

POWL · NASDAQ

$164.94−$0.82 (−0.49%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $165.76

POWL analyst rating

HoldConsensus of 5 analysts over the last 12 months. 40% rate it a buy.

Strong buy0
Buy2
Hold3
Underperform0
Sell0

12-month price target · 9 analysts

Average $305.03 (+84.9% upside)

Low: $229.57
Now: $164.94
High: $448.35

Upgrades and downgrades

The latest rating actions, newest first

POWL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 13, 2026	Maintains	Overweight	$300.00 → $250.00	27%
Cantor Fitzgerald	Oct 1, 2026	Maintains	Neutral	$235.00	12%
Cantor Fitzgerald	Aug 14, 2026	Maintains	Neutral	$320.00 → $235.00	12%
Cantor Fitzgerald	May 11, 2026	Maintains	Neutral	$160.00 → $320.00	57%
JP Morgan	May 6, 2026	Maintains	Overweight	$310.00 → $360.00	27%
JP Morgan	Apr 27, 2026	Initiates	Overweight	$310.00	27%
GLJ Research	Mar 5, 2026	Initiates	Hold	$450.00	64%
Cantor Fitzgerald	Feb 5, 2026	Maintains	Neutral	$427.00 → $481.00	57%
Cantor Fitzgerald	Jan 23, 2026	Initiates	Neutral	$427.00	57%
Roth Capital	Nov 19, 2025	Maintains	Buy	$350.00	46%

The case for and against

Updated Oct 18, 2026

Bull case

Powell Industries is increasingly compelling because its record backlog, book-to-bill above 1.0x, and roughly $2.4 billion backlog provide unusually strong visibility, while data centers now represent about 34% to 36% of backlog and extend into FY28. Management’s “design once, build many” data-center model, plus Remsdaq automation and broader low-voltage capabilities, should improve throughput, reduce project risk, and support margins that are already above 30% in favorable periods. The outlook is further strengthened by a debt-free balance sheet, healthy cash flow, and capacity additions such as the Jacintoport facility, which could add about $100 million of annual revenue capacity at current project values.

Bear case

Powell Industries is facing a less favorable risk-reward setup because near-term margin upside appears limited by its already-priced engineer-to-order backlog, and management’s own guidance implies gross margins will stay around trailing-12-month levels with only modest room for improvement. While the company has strong orders, a $2.4 billion backlog, and a post-quarter >$400 million data center award, reported margins are being propped up by closeouts that are fading, with underlying gross margin framed at roughly 28% to 29% excluding that benefit. At the same time, custom-engineered project execution, supply-chain coordination, commodity inflation, and higher investment in capacity and growth initiatives create earnings volatility, even as FY27 revenue is expected to rise to about $1.335 billion and EPS is trimmed to $6.10.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.