Powell Industries (POWL) – Among the 10 Best Performing Dividend Stocks So Far in 2026

With YTD returns of 164.7% as of May 5, Powell Industries, Inc. (NASDAQ:POWL) is included among the 10 Best Performing Dividend Stocks So Far in 2026.

On April 27, JPMorgan analyst Tomohiko Sano initiated coverage of Powell Industries, Inc. (NASDAQ:POWL) with an Overweight rating. It also set a $310 price target, implying about 25% upside from current levels. The analyst said Powell is a leader in custom-engineered electrical distribution, control, and safety equipment, serving customers across the oil and gas, petrochemical, utility, and diversified industrial markets. In a research note, JPMorgan said the company’s $1.6B backlog and exposure to long-term trends such as AI, automation, and electrification could support continued growth.

During the fiscal Q2 2026 earnings call, President and CEO Brett Cope said Powell generated $490 million in new orders during the quarter. He added that the company’s backlog had grown to $1.8 billion, which he believes provides visibility into fiscal 2028. Cope also said that after the quarter ended, Powell Industries secured a first-phase greenfield data center contract valued at more than $400 million.

He described it as the largest project award in the company’s history and said the contract would support a behind-the-meter design for a planned multiphase campus.

Powell Industries, Inc. (NASDAQ:POWL) develops, designs, manufactures, and services custom-engineered equipment and systems used to distribute, control, and monitor the flow of electrical energy. Its products also provide protection for motors, transformers, and other electrically powered equipment.

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