2024-05-08 13:15:18 ET
Summary
- Powell Industries has seen a significant increase in its stock price, but the company's financials and industry outlook suggest it is still a good investment.
- The company specializes in customized electrical equipment for industries such as oil & gas, petrochemicals, and utilities.
- Powell Industries has a strong financial position with no debt and a large amount of cash, allowing for flexibility in capital allocation.
Introduction
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Powell Industries: Price Appreciation Is Justified