Powell Industries aims to grow revenue by expanding capacity to meet $2.4B electrical equipment backlog.

Powell Industries is positioned to benefit from a $2.4 billion backlog of complex electrical equipment orders. The company's growth depends on successfully expanding its production capacity to increase revenues while maintaining profit margins above 27%. Forecasts for fiscal 2027–2028 project revenues between $1.5 billion and $1.8 billion, with earnings per share of $6.70 to $8.30, supporting a Buy rating and a target share price of $232. Key risks include project delays, margin pressure, and challenges in converting the backlog into sales.