Full-Time
Updated on 9/3/2026
Custom-engineered electrical power distribution systems
No salary listed
North Canton, OH, USA
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Powell Industries designs and builds custom electrical equipment and systems for distributing, controlling, and monitoring power in commercial and industrial settings. Its offerings include integrated solutions and packaged power distribution, power control, and power monitoring, delivered through global manufacturing facilities and service centers. Powell acts as a one-source provider from design and manufacturing to installation, commissioning, and ongoing service for critical power needs across renewables, industrial, and commercial sectors. The goal is to deliver safe, reliable, and cost-effective power delivery through tailored infrastructure and comprehensive support.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1947
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Powell Industries eyes record revenue as data center backlog powers growth. Powell Industries (NASDAQ:POWL) said it is on track to surpass the more than $1 billion in revenue it generated last year, supported by demand for medium-voltage electrical equipment from data centers, utilities and industrial customers. Speaking at the Midwest IDEAS Conference, Executive Vice President and CFO Michael Metcalf said the company reported approximately $860 million in revenue through the first nine months of its fiscal year. Powell manufactures low- and medium-voltage switchgear, circuit breakers, power control rooms and related automation systems, with its primary operating range between 480 volts and 38,000 volts. Discover more Defense news subscription Weapon development trends defense contractors Metcalf said Powell's equipment supports power distribution after electricity moves from high voltage to medium voltage, regardless of whether the power is generated by solar, natural gas or another source. The company primarily serves North American markets using ANSI electrical standards, with five U.S. manufacturing facilities, a large Canadian operation and a U.K. facility serving the IEC-standard market. Data centers represent about one-third of backlog. Data-center activity has become a major driver of Powell's order growth. Metcalf said data centers accounted for about one-third of the company's backlog, while core industrial markets such as refining, LNG, petrochemicals and oil and gas represented roughly another third. Utilities account for most of the remaining backlog. The company reported $934 million in orders during its most recent quarter, including a data-center contract valued at more than $400 million that was formally booked in the third quarter. Total backlog reached $2.4 billion, with approximately 55% expected to convert into revenue over the next 12 months, according to Metcalf. "2027 is essentially booked at this point, and we're booking into 2028 backlog," Metcalf said. Powell's data-center work includes power control rooms and medium-voltage equipment located outside the facilities, rather than equipment installed within the data centers themselves. Metcalf said the company has seen demand shift toward its highest-voltage offerings, including 38 kV systems, as operators seek more power capacity. While the company initially worked with hyperscalers and colocation providers, Metcalf said Powell has found opportunities serving "neoscalers," which he described as real-estate-oriented developers that build infrastructure and lease capacity to companies such as Google or Microsoft. He said these customers can offer more manageable contract terms than some hyperscaler agreements. Metcalf said management believes data-center demand could remain significant for another three to five years, though he acknowledged the pace of growth could soften. He said Powell has not seen a slowdown in current project activity. Integrated model and automation strategy. Powell competes with larger electrical-equipment companies including ABB, Siemens, Schneider Electric and Eaton. Metcalf said Powell differentiates itself by supplying an integrated solution that includes switchgear, circuit breakers and the power control room or module housing the equipment. He said competitors often must outsource the construction and integration of the building that houses their equipment, while Powell designs and builds the complete unit. That integrated approach has been particularly important in core industrial applications, according to Metcalf. The company is also expanding its automation business, which Metcalf described as a high-margin and rapidly growing operation. Automation offerings include sensors and systems intended to help customers monitor equipment condition, identify abnormalities and support predictive maintenance. Powell acquired U.K.-based controller company Remsdaq in August 2025. Metcalf said the business was integrated quickly and its technology was applied to a large U.S. data-center order during the first month after the acquisition closed. The company is pursuing additional opportunities in engineered services, particularly upgrades and support for its installed base of circuit breakers. Powell acquired GE's circuit-breaker business in 2006, giving it a broad installed base that management sees as a potential source of value-added service revenue. Cash position supports capacity investments. Metcalf said Powell had more than $600 million of cash and no debt at its most recent reporting date. He said the company does not currently need to raise debt or equity to fund planned capital expenditures, although a large transformational acquisition could require additional financing. The company expects a meaningful portion of its cash balance to support working capital because Powell receives advance payments on long-cycle projects and later deploys capital during project execution. Metcalf estimated that 12% to 15% of each revenue dollar will eventually be required for working capital. Powell is also completing a 335,000-square-foot expansion of its fabrication yard. Metcalf said the added capacity will allow the company to work on an additional 10 to 12 substations annually, with each substation typically valued at $10 million to $15 million. The expansion is aimed at supporting large, one-piece buildings for LNG, refinery and other industrial projects. Looking ahead, Metcalf said Powell may consider a $75 million to $100 million greenfield facility within roughly the next 24 months to address capacity needs. He said the company could fund such a project with existing cash reserves. About Powell Industries (NASDAQ:POWL). Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm's offerings range from medium-voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure. Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell's products are engineered to meet demanding performance, safety and reliability requirements.
Richard Williams, director at Powell Industries, sold 2,250 shares of common stock on 14 August 2026, according to an SEC Form 4 filing. The transaction was executed through a Rule 10b5-1 trading plan adopted approximately four months prior. The shares were sold at a weighted average price of $203.05, totalling approximately $457,000. Following the sale, Williams maintains direct ownership of 37,380 shares. Powell Industries, headquartered in Houston, designs and manufactures customised electrical systems for energy distribution and control. The company reported trailing twelve-month revenue of $1.2 billion and net income of $190.9 million. As of the transaction date, Powell Industries had a market capitalisation of $7 billion. The stock has delivered a one-year total return of 110%.
Powell Industries eyes record revenue as data center backlog powers growth. August 26, 2026 Key points. * Powell Industries is positioned to exceed $1 billion in annual revenue, with about $860 million recorded through the first nine months of its fiscal year and a $2.4 billion backlog. * Data centers account for roughly one-third of the backlog, supported by $934 million in quarterly orders and a data-center contract worth more than $400 million. Management expects demand to remain significant for another three to five years, although growth could moderate. * With more than $600 million in cash and no debt, Powell plans to expand manufacturing capacity, including a 335,000-square-foot fabrication-yard expansion and potentially a $75 million to $100 million greenfield facility. * Five stocks to consider instead of Powell Industries. Powell Industries NASDAQ: POWL said it is on track to surpass the more than $1 billion in revenue it generated last year, supported by demand for medium-voltage electrical equipment from data centers, utilities and industrial customers. Speaking at the Midwest IDEAS Conference, Executive Vice President and CFO Michael Metcalf said the company reported approximately $860 million in revenue through the first nine months of its fiscal year. Powell manufactures low- and medium-voltage switchgear, circuit breakers, power control rooms and related automation systems, with its primary operating range between 480 volts and 38,000 volts. Metcalf said Powell's equipment supports power distribution after electricity moves from high voltage to medium voltage, regardless of whether the power is generated by solar, natural gas or another source. The company primarily serves North American markets using ANSI electrical standards, with five U.S. manufacturing facilities, a large Canadian operation and a U.K. facility serving the IEC-standard market. Data centers represent about one-third of backlog. Data-center activity has become a major driver of Powell's order growth. Metcalf said data centers accounted for about one-third of the company's backlog, while core industrial markets such as refining, LNG, petrochemicals and oil and gas represented roughly another third. Utilities account for most of the remaining backlog. The company reported $934 million in orders during its most recent quarter, including a data-center contract valued at more than $400 million that was formally booked in the third quarter. Total backlog reached $2.4 billion, with approximately 55% expected to convert into revenue over the next 12 months, according to Metcalf. "2027 is essentially booked at this point, and we're booking into 2028 backlog," Metcalf said. Powell's data-center work includes power control rooms and medium-voltage equipment located outside the facilities, rather than equipment installed within the data centers themselves. Metcalf said the company has seen demand shift toward its highest-voltage offerings, including 38 kV systems, as operators seek more power capacity. Discover more Stock Market News MarketBeat Portfolio Tracking While the company initially worked with hyperscalers and colocation providers, Metcalf said Powell has found opportunities serving "neoscalers," which he described as real-estate-oriented developers that build infrastructure and lease capacity to companies such as Google or Microsoft. He said these customers can offer more manageable contract terms than some hyperscaler agreements. Metcalf said management believes data-center demand could remain significant for another three to five years, though he acknowledged the pace of growth could soften. He said Powell has not seen a slowdown in current project activity. Integrated model and automation strategy. Powell competes with larger electrical-equipment companies including ABB, Siemens, Schneider Electric and Eaton. Metcalf said Powell differentiates itself by supplying an integrated solution that includes switchgear, circuit breakers and the power control room or module housing the equipment. He said competitors often must outsource the construction and integration of the building that houses their equipment, while Powell designs and builds the complete unit. That integrated approach has been particularly important in core industrial applications, according to Metcalf. The company is also expanding its automation business, which Metcalf described as a high-margin and rapidly growing operation. Automation offerings include sensors and systems intended to help customers monitor equipment condition, identify abnormalities and support predictive maintenance. Powell acquired U.K.-based controller company Remsdaq in August 2025. Metcalf said the business was integrated quickly and its technology was applied to a large U.S. data-center order during the first month after the acquisition closed. The company is pursuing additional opportunities in engineered services, particularly upgrades and support for its installed base of circuit breakers. Powell acquired GE's circuit-breaker business in 2006, giving it a broad installed base that management sees as a potential source of value-added service revenue. Cash position supports capacity investments. Metcalf said Powell had more than $600 million of cash and no debt at its most recent reporting date. He said the company does not currently need to raise debt or equity to fund planned capital expenditures, although a large transformational acquisition could require additional financing. The company expects a meaningful portion of its cash balance to support working capital because Powell receives advance payments on long-cycle projects and later deploys capital during project execution. Metcalf estimated that 12% to 15% of each revenue dollar will eventually be required for working capital. Powell is also completing a 335,000-square-foot expansion of its fabrication yard. Metcalf said the added capacity will allow the company to work on an additional 10 to 12 substations annually, with each substation typically valued at $10 million to $15 million. The expansion is aimed at supporting large, one-piece buildings for LNG, refinery and other industrial projects. Looking ahead, Metcalf said Powell may consider a $75 million to $100 million greenfield facility within roughly the next 24 months to address capacity needs. He said the company could fund such a project with existing cash reserves. About Powell Industries (NASDAQ:POWL). Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm's offerings range from medium-voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure. Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell's products are engineered to meet demanding performance, safety and reliability requirements. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Powell Industries, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Powell Industries wasn't on the list. While Powell Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Cantor Fitzgerald has lowered expectations for Powell Industries (NASDAQ:POWL) stock price. August 14, 2026 Key points. * Cantor Fitzgerald cut Powell Industries' price target from $320 to $235 while maintaining a "neutral" rating, implying roughly 15% upside from the prior close. * Analyst sentiment remains broadly positive, with a consensus "Buy" rating and average target price of $215.42, although recent ratings have ranged from "Strong Buy" to "Hold." * Powell's latest quarterly results missed expectations, with EPS of $1.42 versus $1.49 forecast and revenue of $311.74 million versus $316.70 million expected; revenue still rose 8.9% year over year. * MarketBeat previews the top five stocks to own by September 1st. Powell Industries (NASDAQ:POWL - Get Free Report) had its target price dropped by equities researchers at Cantor Fitzgerald from $320.00 to $235.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the industrial products company's stock. Cantor Fitzgerald's price target indicates a potential upside of 15.17% from the company's previous close. POWL has been the topic of several other research reports. Glj Research upgraded Powell Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Zacks Research cut shares of Powell Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. Weiss Ratings downgraded shares of Powell Industries from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Powell Industries from $310.00 to $360.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $215.42. Powell Industries stock performance. NASDAQ POWL opened at $204.04 on Friday. The firm's 50 day moving average price is $249.16 and its 200-day moving average price is $228.58. Powell Industries has a 52-week low of $78.50 and a 52-week high of $328.00. The company has a market cap of $7.43 billion, a PE ratio of 39.16, a P/E/G ratio of 2.78 and a beta of 1.18. Discover more Earnings screener tool AI infrastructure stocks Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The industrial products company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.07). Powell Industries had a return on equity of 27.51% and a net margin of 16.49%.The business had revenue of $311.74 million during the quarter, compared to the consensus estimate of $316.70 million. During the same period last year, the firm earned $3.96 EPS. The business's quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts forecast that Powell Industries will post 5.34 earnings per share for the current fiscal year. Insider transactions at Powell Industries. In other Powell Industries news, major shareholder Thomas W. Powell sold 33,958 shares of Powell Industries stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $294.49, for a total transaction of $10,000,291.42. Following the completion of the sale, the insider owned 564,736 shares of the company's stock, valued at approximately $166,309,104.64. The trade was a 5.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brett Alan Cope sold 4,440 shares of the firm's stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $241.55, for a total value of $1,072,482.00. Following the completion of the transaction, the chief executive officer owned 517,233 shares of the company's stock, valued at approximately $124,937,631.15. The trade was a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 42,898 shares of company stock worth $12,353,653. Company insiders own 2.20% of the company's stock. Institutional trading of Powell Industries. A number of hedge funds and other institutional investors have recently made changes to their positions in POWL. BlackRock Inc. purchased a new stake in shares of Powell Industries in the second quarter worth about $1,033,376,000. Northwestern Mutual Wealth Management Co. boosted its position in Powell Industries by 1,230,312.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 775,160 shares of the industrial products company's stock worth $247,106,000 after purchasing an additional 775,097 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Powell Industries during the 2nd quarter worth approximately $60,389,000. Tema ETFs LLC increased its holdings in shares of Powell Industries by 217.3% during the 2nd quarter. Tema ETFs LLC now owns 268,692 shares of the industrial products company's stock valued at $76,943,000 after purchasing an additional 184,010 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC purchased a new stake in Powell Industries during the third quarter worth $43,515,000. Institutional investors and hedge funds own 89.77% of the company's stock. Powell Industries company profile. Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm's offerings range from medium-voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure. Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell's products are engineered to meet demanding performance, safety and reliability requirements. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Powell Industries, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Powell Industries wasn't on the list. While Powell Industries currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Powell Industries reported record quarterly orders in its fiscal 2026 third quarter, pushing backlog above $2 billion for the first time in the company's 79-year history. Revenue increased 9% year-over-year, whilst gross margin reached 30.6%. The earnings call, held on 4 August 2026, featured Chairman and CEO Brett Cope and CFO Mike Metcalf discussing the results. Cope highlighted the company's strong performance and continued focus on productivity improvements. Powell Industries manufactures electrical equipment and systems. The company described the quarter as "very strong" and emphasised the historic nature of surpassing the $2 billion backlog threshold. A replay of the earnings call is available through the company's website or by telephone until 11 August.