Powell Industries (POWL) is a Zacks Rank #1 (Strong Buy) that is an engineering and manufacturing company specializing in custom electrical power distribution and control systems for industries such as energy (including oil and gas), utilities, transportation, and various industrial sectors.
POWL has been one of the hottest stocks in 2024, moving from just under $100 to an all-time high of $364 in November. However, the stock has seen some selling over the last month, bringing POWL 30% off those recent highs.
With the stock coming into support levels, investors should be eyeing this name for a rally early in 2025.
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