10 Best Electrical Equipment Stocks to Buy Now

5. Hubbell Incorporated (NYSE:HUBB)

Number of Hedge Fund Holders: 38

Hubbell Incorporated (NYSE:HUBB) is engaged in designing, manufacturing, and selling electrical and utility solutions. The company’s Q1 2025 results were aided by continued robust operating performance in its Electrical Solutions segment and a return to organic growth in Grid Infrastructure. This was offset by expected softness in Grid Automation and the impact of increased cost inflation. The organic growth of 5% in electrical solutions was supported by strength in datacenter markets and continued execution on its segment unification strategy to fuel outgrowth via innovation and commercial alignment. Hubbell Incorporated (NYSE:HUBB) remains well-positioned in attractive end markets with long-term growth tailwinds stemming from grid modernization and electrification.

Overall, expansion of the electrical equipment market, mainly the strong demand in utility solutions and expansion of industrial and data center markets, is expected to fuel growth for Hubbell Incorporated (NYSE:HUBB). The adjusted operating income came in at $84 million, or 16.5% of net sales, in Q1 2025 as compared to $80 million, or 15.8% of net sales, in the same period of the prior year. Hubbell Incorporated (NYSE:HUBB) highlighted that changes in operating income and operating margin were driven mainly because of volume growth, portfolio transformation and mix, and favorable price realization and productivity. This was partially offset by raw material cost increases and tariffs.