Market Overview

D.A. Davidson: Powell Industries Gets More Attractive


Powell Industries, Inc. (NASDAQ: POWL) share-price drop of more than 34 percent in the past six months has resulted in a more fairly priced stock, an analyst said Friday.

D.A. Davidson's Brent Thielman upgraded the electrical company's shares to Neutral, from Underperform, and said recent pressure on the stock "appears to more appropriately factor" risks to earnings.

The company's shares changed hands recently up nearly 2 percent at $41.76,

"There is obvious concern about the recent decline in oil prices," Chief Executive Michael A. Lucas told analysts recently, noting that customer's capital spending may be reduced or delayed.

The segment has proven a strength for the company in recent quarters and although Lucas expects continued opportunities through mid-year, "we've passed the high point" in the current cycle.

The company made a big bet on the Canadian oil and gas bonanza with the completion of a new Canadian facility little more than a year ago.

Orders in fiscal 2014 were mainly driven by demand related to Canadian oil sands related projects.

Latest Ratings for POWL

Dec 2018MaintainsBuyBuy
Feb 2015DowngradesBuyHold
Jan 2015UpgradesUnderperformNeutral

View More Analyst Ratings for POWL
View the Latest Analyst Ratings

Posted-In: Brent Thielman D.A. DavidsonAnalyst Color Upgrades Analyst Ratings


Related Articles (POWL)

View Comments and Join the Discussion!

Latest Ratings

PNRJefferiesInitiates Coverage On
IPHIBank of AmericaMaintains80.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

D.A. Davidson: Headwinds 'Surmountable' For Performance Sports Group

Brean Capital Comments On Video Game Stocks