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Electrical equipment stocks have been a great way to invest in the industrial sector and the economy in general. The industry is fragmented but has greater advantages than other subsectors due to its high growth potential and tailwinds. On top of that, it will benefit from accelerating global infrastructure spending over the next few years as governments and businesses spend billions on power transmission, distribution and generation projects around the world. entire. This means there are plenty of opportunities for investors interested in this space. But with so many different companies operating in the sector, you might not know which stocks are the best fit for your portfolio. Take a look at the four best electrical equipment stocks to buy right now.

Power socket (PLUG)

Plug Power is one of the largest players in the hydrogen fuel cell industry. The company’s fuel cells are used in applications such as forklifts, grid energy storage and heavy transportation. The company also provides aftermarket services, leases and service stations for forklifts and other fuel cell-powered equipment.

PLUG has been proliferating for a few years thanks to the increasing adoption of fuel cell technology. The company’s customers include Walmart, Kroger, Sysco and Amazon.

The adoption of fuel cells has increased due to new government policies and the availability of more affordable lithium-ion batteries. Plug Power has also invested heavily in research and development to develop more efficient technology.

Generac Holdings (GNRC)

Generac is a leading manufacturer of power generation, electrical distribution and home automation equipment. The company’s products cover a wide variety of industries and applications. Generac’s customers include utilities, government agencies, industrial facilities and other end users. Generac’s use of lean manufacturing techniques, strategic acquisitions, and a focus on new technologies such as battery-powered standby generators and demand response have helped the company stay competitive in a rapidly changing market.

AMETEK (AME)

Ametek is one of the world’s largest manufacturers of electrical equipment in power plants, oil and gas processing, mining and water treatment plants. The company also supplies various precision instruments, sensors and controls for the industry. Ametek’s customers include utilities, petrochemical companies, mining companies and other industrial facilities.

The company has a history of growth through acquisitions and strategic investments in new technologies. In addition, Ametek has also focused on growing its service business to diversify its revenue streams. The company’s efforts appear to be paying off, as revenues and profits have steadily increased over the past few years.

Hubbell (HUBB)

Hubbell is an electrical equipment manufacturer serving a global market for industrial and commercial electrical products. The Company’s products include circuit breakers, junction boxes, motors and starters, and electric vehicle chargers used in various industries. Hubbell has grown its business by investing in research, development, acquisitions and strategic partnerships.

Shares of Hubbell have been in freefall since 2016. The company has been growing revenue and earnings at a steady pace thanks to increased demand for renewable energy and power grid modernization projects. Hubbell has also played a strategic role in its acquisitions and partnerships, including buying a majority stake in Canadian Solar.

Conclusion

Electrical equipment stocks have been a great way to invest in the industrial sector and the economy in general. The industry is fragmented but has greater advantages than other subsectors due to its high growth potential and tailwinds. On top of that, it will benefit from accelerating global infrastructure spending over the next few years as governments and businesses spend billions on power transmission, distribution and generation projects around the world. entire. This means there are plenty of opportunities for investors interested in this space. But with so many different companies operating in the sector, you might not know which stocks are the best fit for your portfolio. We hope this article has helped you better understand the landscape and identify some actions worth investigating.

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