Here's Why You Should Retain Powell Industries Stock in Your Portfolio

Powell Industries, Inc.’s (POWL) robust momentum can be largely attributed to its strong foothold and improving conditions in two key markets, which are oil and gas and petrochemical. The company’s first-quarter fiscal 2025 (ended December 2024) results indicated strong year-over-year growth, with revenues growing 24.4% to $241.4 million, driven by persistent strength and healthy levels of project activity across these two markets.Several favorable trends across the oil, gas and petrochemical end markets, i ...