Powell Industries Stock Down 23.5% YTD: What's Next for Investors?

Powell Industries, Inc. (POWL) stock has lost 23.5% in the year-to-date period, wider than the broader electronics manufacturing industry’s 6.3% decline. The stock has also underperformed the Industrial Products sector’s decline of 0.6% and the S&P 500’s growth of 2%.POWL stock also shows a downside against its industry peers like ESCO Technologies Inc. (ESE) and EnerSys (ENS) , which have gained 19.3% and 9.2%, respectively, in the same period.POWL Stock Price PerformanceImage Source: Zacks Investment Rese ...