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  • Now Is A Good Time To Look At These 20 Stocks In Electrical Equipment Industry

    Now Is A Good Time To Look At These 20 Stocks In Electrical Equipment Industry

    Electrical Equipment Industry is best known for its unique services for a diverse customer base. The demand for electrical equipment and parts is continuously increasing in the past few years. Equipment companies usually served the mature markets. The Electrical Equipment industry is considered to be the faster-growing industry in the world because of the increasing demands of electrical components.

    If we look at the past years this industry has not experienced the major changes but with the passage of time and with the emergence of new technologies this industry is evolving. Like every industry electrical equipment and parts, the industry is also striving to provide the best-in-class services and frictionless experience to its customer.

    Here are the top 20 leading companies in the electrical equipment and parts industry that need your attention:

    Advanced Energy Industries Inc. (NASDAQ: AEIS)

    Advanced Energy Industries Inc. (NASDAQ: AEIS) shares were trading up 1.99% at $67.07 at the time of writing on Wednesday. Advanced Energy Industries Inc. (NASDAQ: AEIS) share price went from a low point around $33.38 to briefly over $82.26 in the past 52 weeks, though shares have since pulled back to $67.07. AEIS market cap has remained high, hitting $2.67B at the time of writing, giving it a price-to-sales ratio of more than 2.

    Advanced Energy Industries Inc. has revealed that it has appointed Anne DelSanto and Lanesha Minnix to its Board of Directors. If we look at the recent analyst rating AEIS, Rosenblatt initiated coverage on AEIS shares with a Buy rating and an $84.50 price target, which implies room for 17.43% upside momentum this year.

    Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC)

    Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) last closed at $1.79, in a 52-week range of $0.89 to $2.69. Asia Pacific Wire & Cable Corporation Limited (APWC) has earlier held the 2020 Annual General Meeting on September 18, 2020. The Company has acquired a US$6,000,000 secured loan from its majority shareholder, Pacific Electric Wire & Cable Co., Ltd. (PEWC).  APWC market cap has remained high, hitting $24.58 Million at the time of writing.

    Acuity Brands Inc. (NYSE: AYI)

    Acuity Brands Inc. (NYSE: AYI) stock soar by 3.25% to $113.26. The most recent rating by UBS, on September 16, 2020, is at a Sell. The Board of Directors of Acuity Brands, Inc. earlier revealed a quarterly dividend of 13 cents per share. The dividend is payable on November 2, 2020, to shareholders of record on October 19, 2020. Acuity Brands Inc. (AYI) market capitalization has remained high, hitting $4.36 billion at the time of writing.

    AZZ Inc. (NYSE: AZZ)

    AZZ Inc. (NYSE: AZZ) shares headed rising, higher as much as 0.31%. The most recent rating by Sidoti, on October 29, 2018, is at a Buy. AZZ Inc. (AZZ) is scheduled to host a conference call to review the financial results for the second quarter fiscal year 2021 on October 13, 2020. The Company will issue a press release reporting the second-quarter fiscal year 2021 financial results before the market opens on October 13, 2020.

    Bloom Energy Corporation (NYSE: BE)

    Bloom Energy Corporation (NYSE: BE) last closed at $21.63, in a 52-week range of $2.44 to $20.71. Analysts have a consensus price target of $16.00. Bloom Energy Corporation (BE) is scheduled to host an investor conference call and question and answer session on October 8, 2020. It has moved up 786.48% and 4.44% from its 52-weeks low and 52-weeks high, respectively. Looking at its liquidity, it has a current ratio of 1.50 billion at the time of writing.

    Badger Meter Inc. (NYSE: BMI)

    Badger Meter Inc. (NYSE: BMI) stock soar by 0.48% to $68.52. The most recent rating by Argus, on June 30, 2020, is at a Buy. Badger Meter Inc. (BMI) announced it will issue its third-quarter 2020 earnings release before the market opens on Friday, October 16, 2020. After the release, Badger Meter is scheduled to hold its third-quarter earnings conference call at 10:00 am CT.

    CBAK Energy Technology Inc. (NASDAQ: CBAT)

    CBAK Energy Technology Inc. (NASDAQ: CBAT) Shares headed rising, higher as much as 4.15%. CBAK Energy Technology Inc. (CBAT) has announced that its product release of 32140 large-sized cylindrical tabless batteries has officially passed its technical and Pilot Plant tests which demonstrated its success in product research of this model.

    DPW Holdings Inc. (AMEX: DPW)

    DPW Holdings Inc. (AMEX: DPW) rose 18.06% after gaining more than $0.39 on Wednesday. DPW Holdings Announces Registration Is Closing for Its Second Annual Investor Day Conference and Webcast Scheduled for Thursday, October 8, 2020.

    GrafTech International Ltd. (NYSE: EAF)

    GrafTech International Ltd. (NYSE: EAF) last closed at $7.39, in a 52-week range of $5.56 to $14.84. Analysts have a consensus price target of $8.90. GrafTech International Ltd. (EAF) is scheduled to host its Third Quarter 2020 Conference Call and Webcast on Tuesday, November 3, 2020, at 10:00 a.m. (EST). The call will be hosted by senior management to discuss financial results for the quarter ended September 30, 2020, and current business initiatives.

    Energizer Holdings Inc. (NYSE: ENR)

    Energizer Holdings Inc. (NYSE: ENR) stock drop by -1.60% to $40.49. The most recent rating by Morgan Stanley, on May 18, 2020, is at an Overweight. Energizer Holdings Inc. (ENR) will report results for its Fourth Quarter Fiscal 2020 before the market opens on November 12, 2020. It has announced the successful completion of its earlier announced private offering of $800 million in aggregate principal amount of 4.375% senior notes due 2029 in a private offering, subject to market and other customary conditions.

    Espey Mfg. & Electronics Corp. (AMEX: ESP)

    Espey Mfg. & Electronics Corp. (AMEX: ESP) rose 2.62% after gaining more than $0.47 on Wednesday. Espey Mfg. & Electronics Corp. (ESP) has earlier announced the results for its fourth quarter and fiscal year, ended June 30, 2020.  The Company reported net sales of $31,526,231 compared with $36,477,851 for the fiscal year ended June 30, 2019.

    Flux Power Holdings Inc. (NASDAQ: FLUX)

    Flux Power Holdings Inc. (NASDAQ: FLUX) stock soar by 10.68% to $8.60. Flux Power Holdings Inc. (FLUX) has earlier reported financial results for its fourth quarter (Q4’20) and fiscal year (FY‘20) ended June 30, 2020. Its Q4’20 revenue grew 107% to $6.3M compared to Q4’19 revenue of $3.0M.

    Hollysys Automation Technologies Ltd. (NASDAQ: HOLI)

    Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) shares headed rising, higher as much as 0.96%. The most recent rating by Goldman, on November 04, 2019, is at a Buy. Hollysys Automation Technologies Ltd. (HOLI) has announced that the Board of Directors of the Company has declared an annual cash dividend of $0.2 per ordinary share for the fiscal year 2020, implying a 15% payout ratio.

    Lightbridge Corporation (NASDAQ: LTBR)

    Lightbridge Corporation (NASDAQ: LTBR) stock drop by -11.55% to $3.37. Lightbridge Corporation (LTBR) revealed earlier that President and CEO Seth Grae will join the Atlantic Council’s EnergySource Innovation Stream online series as the featured guest on Thursday, September 17.

    nVent Electric plc (NYSE: NVT)

    nVent Electric plc (NYSE: NVT) Shares headed rising, higher as much as 1.35%. The most recent rating by Wolfe Research, on September 15, 2020, is at a Peer perform. nVent Electric plc (NVT) earlier disclosed today that it will pay a regular quarterly cash dividend of $0.175 per share on November 6, 2020, to shareholders of record at the close of business on October 23, 2020.

    FuelCell Energy Inc. (NASDAQ: FCEL)

    FuelCell Energy Inc. (NASDAQ: FCEL) last closed at $2.16, in a 52-week range of $0.23 to $3.50. FuelCell Energy Successfully Raises Capital to Advance Business Goals. Analysts have a consensus price target of $2.50. FuelCell Energy Inc. (FCEL) market capitalization has remained high, hitting $635.17 Million at the time of writing.

    Belden Inc. (NYSE: BDC)

    Belden Inc. (NYSE: BDC) rose 2.19% after gaining more than $0.72 on Wednesday. Belden Inc. (BDC) share has fluctuated between the 52-weeks low range of $25.54 and a high range of $56.94. It has moved up 31.60% and moved down -40.97% from its 52-weeks low and 52-weeks high. Looking at its liquidity, it has a current ratio of 2.20.

    EnerSys (NYSE: ENS)

    EnerSys (NYSE: ENS) shares headed rising, higher as much as 2.82%. The most recent rating by BTIG Research, on June 16, 2020, is at a Neutral. EnerSys (ENS) share price went from a low point around $35.21 to briefly over $80.22 in the past 52 weeks, though shares have since pulled back to $72.52. ENS market cap has remained high, hitting $3.06 billion at the time of writing.

    Hubbell Incorporated (NYSE: HUBB)

    Hubbell Incorporated (NYSE: HUBB) rose 1.45% after gaining more than $2.02 on Wednesday. Hubbell Incorporated (HUBB) share has fluctuated between the 52-weeks low range of $85.62 and a high range of $155.00. It has moved up 64.97% and moved down -8.87% from its 52-weeks low and 52-weeks high. Looking at its liquidity, it has a current ratio of 2.00.

    Kimball Electronics Inc. (NASDAQ: KE)

    Kimball Electronics Inc. (NASDAQ: KE) last closed at $12.32, in a 52-week range of $9.78 to $18.49. Analysts have a consensus price target of $17.00. Kimball Electronics Inc. (KE) has moved up 25.97% from its 52-weeks low and moved down -33.37% from its 52-weeks high. It has a market capitalization of $313.30 million at the time of writing.

     

  • 10 Trending Stocks In Electrical Equipment Industry

    10 Trending Stocks In Electrical Equipment Industry

    Electrical Equipment Industry is engaged in the production of a wide range of products for a diverse customer base. The workforce of today’s electrical equipment industry has possessed different skills as compared to the workforce in earlier years. The companies which are involved in the production of electrical equipment and its part has specialized skills in this sector. They are adopting new technologies to provide the best experience to customers.

    The demand for the electrical equipment industry is expected to increase in the next several years. With the advancement of new technologies, this industry is also evolving rapidly. Here are the few companies which are following new market trends to increase their global reach:

    CBAK Energy Technology Inc. (NASDAQ: CBAT)

    CBAK Energy Technology Inc. (CBAT) stock drop by -4.35% to $0.88. CBAK Energy Technology Inc. (CBAT) has successfully entered into the supplier base of Haier Group and won the bidding for the Haier project in the smart home market. CBAK Energy Battery is going to help Haier build the Intelligent manufacturing information system, produce more favorable home appliances by consumers and the products fit their lifestyle better. This company market capitalization has remained high, hitting $55.07 million.

    Plug Power Inc. (NASDAQ: PLUG)

    Plug Power Inc. (PLUG) last closed at $12.07, in a 52-week range of $2.32 to $14.35. Analysts have a consensus price target of $13.34. Plug Power Inc. (PLUG) revealed that it has signed a memorandum of understanding (MOU) for the demonstration of Plug Power’s ProGen fuel cell engine in Class 6 and Class 8 vehicles, which will be used by Linde for delivery of products. The company has also named Corine Dubruel as the Vice President and Managing Director, Europe. She will use her experience to strengthen the company’s position in Europe.

    DPW Holdings Inc. (AMEX: DPW)

    DPW Holdings Inc. (AMEX: DPW) rose 10.61% after gaining more than $0.19 on Wednesday. DPW Holdings Inc. (DPW) has revealed that its subsidiary It’sLikeFashion.com, Inc. has successfully completed the beta testing of its online platform. The company is also expecting to report the revenue from Its LikeFashion in the fourth quarter of 2020. This company’s total market capitalization is $21.30 million at the time of writing.

    Ocean Power Technologies Inc. (NASDAQ: OPTT)

    Ocean Power Technologies Inc. (NASDAQ: OPTT) last closed at $0.91, in a 52-week range of $0.33 to $1.97.  Ocean Power Technologies Inc has entered into a Common Stock Purchase Agreement with Aspire Capital Fund, LLC to sell up to $12.5 million in common stock to Aspire Capital over a term of 30 months. The company will use the profit of this agreement to build additional PowerBuoys as needed to meet potential market demand, to further advance the development of new products and solutions, and for other general corporate purposes.

    FuelCell Energy Inc. (NASDAQ: FCEL)

    FuelCell Energy Inc. (NASDAQ: FCEL) shares headed falling, lower as much as -9.72%. The most recent rating by Craig Hallum, on June 12, 2020, is at a Sell. FuelCell Energy Inc. (FCEL) revealed that the Company’s reversible solid oxide project has been selected by the U.S. Department of Energy (DOE) to receive funding support in the amount of $3.0 million. If we look at the liquidity, this company current ratio is 2.70. It has a market capitalization of $502.20 million at the time of writing.

    GrafTech International Ltd. (NYSE: EAF)

    GrafTech International Ltd. (NYSE: EAF) last closed at $7.14, in a 52-week range of $5.56 to $14.84. Analysts have a consensus price target of $8.90. GrafTech International Ltd. (EAF) has earlier published its inaugural Sustainability Report. The report showed progress towards a better understanding of the company’s environmental, social, and governance (ESG) impacts.

    Polar Power Inc. (NASDAQ: POLA)

    Polar Power Inc. (NASDAQ: POLA) shares were trading up 11.63% at $1.92 at the time of writing on Wednesday. Polar Power Inc. (NASDAQ: POLA) share price went from a low point around $0.95 to briefly over $4.96 in the past 52 weeks, though shares have since pulled back to $1.92. POLA market cap has remained high, hitting $20.24M at the time of writing, giving it a price-to-sales ratio of more than 1. If we look at the recent analyst rating POLA, ROTH Capital downgraded coverage on POLA shares with a Neutral rating.

    Bloom Energy Corporation (BE)

    Bloom Energy Corporation (BE) stock drop by -9.77% to $15.24. The most recent rating by Raymond James, on February 20, 2020, is at an Mkt perform. Bloom Energy Corporation (BE) stock fluctuated between the 52-weeks low and high range of $2.44 and a high of $19.67, respectively. It has traded up 524.59% from its 52-weeks low and traded down -22.42% from its 52-weeks high. If we look at its liquidity, it has a current ratio of $1.50.

    Pioneer Power Solutions Inc. (NASDAQ: PPSI)

    Pioneer Power Solutions Inc. (NASDAQ: PPSI) shares headed falling, lower as much as -5.11%. The most recent rating by ROTH Capital, on October 29, 2015, is at a Buy. Pioneer Power Solutions Inc. (PPSI) share price went from a low point around $0.90 to briefly over $5.67 in the past 52 weeks, though shares have since pulled back to $1.45. PPSI market cap has remained high, hitting $11.13 Million at the time of writing.

    Vertiv Holdings Co. (NYSE: VRT)

    Vertiv Holdings Co. (NYSE: VRT) fall -1.41% after losing more than -$0.24 on Wednesday. Vertiv Holdings Co. (VRT) stock fluctuated between the 52-weeks low and high range of $4.75 and a high of $18.00, respectively. It has traded up 248.21% from its 52-weeks low and traded down -8.11% from its 52-weeks high. If we look at its liquidity, it has a current ratio of $1.50.

     

  • Stocks to Watch even as Sentiment Points to Short-Term Market Correction

    Stocks to Watch even as Sentiment Points to Short-Term Market Correction

    The markets are mixed today, after yesterday’s huge slump. It was the largest slump in over two months and saw billions of dollars wiped off the market.

    Apple, which has been a top performer in recent months shed off over $150 billion in value. The massive drop in value is a combination of multiple factors. One of them is yesterday’s data that showed that the private sector was not adding jobs as quickly as most investors were expecting.

    This has reinforced a long-held believe that the stock markets at the moment do not reflect the true state of the U.S economy. This has created panic and could possibly see further correction until the government takes proactive measures to breathe new life into the economy.

    There is also the fact that analysts have started calling for caution. For instance, analysts at Citi have told their investors to focus more on the value of growth.

    This further affirms the fear that markets are overvalued at current prices. However, this does not mean that stock fundamentals are bad, only that at current prices, they are not justified. For instance, in just under 3 months, stocks like Apple and Tesla have gained by 30 to 50%.

    While they are fundamentally strong companies, there hasn’t been a major change in fundamentals that can justify this rally. Despite the fear and cautious optimism that have gripped the market, there are several stocks that are gaining upside momentum this morning. Some of the stocks that are gaining pre-market are as below:

    PolyMet Mining Corp [NYSE: PLM]

    PolyMet Mining Corp is a top performer this morning and is up by over 18%. This follows news that the court had found that the company’s water permit to have been issued in accordance with set procedures. In his ruling, the judge rejected allegations that the company took part in systemic efforts to hid administrative records.

    DPW Holdings Inc [NYSE: DPW]

    This is another top performer this morning and is up by over 40%. This follows the company’s announcement that its Coolisys Power business unit will be partnering with other companies to test its new electric vehicle. The tests will include charging solutions that have a range of 150 miles and can be fully charged in just 30 minutes. This is a big deal as the electric vehicle charging market is expected to hit a value of $27.7 billion by the year 2027.

    I-Mab [NASDAQ: IMAB]

    I-Mab is in the green this morning and is up by close to 10% pre-market. This follows the company’s announcement that it has entered into a strategic partnership with AbbVie for immune-oncology therapy. Under the deal, I-MAB will receive an upfront pay of $180 million.