Grid & electrical equipment
Transformer, switchgear and turbine makers, the contractors who build transmission and the utilities that pay for it, read through backlogs, capital spending, equipment prices and federal energy rules.
- Companies covered
- 10
- Latest quarter filed
- Jun 30, 2026
- SEC filings, last 30 days
- 11
- Comment periods open
- 0
- SEC EDGAR read
- 02:33 UTC, Oct 8
The numbers
US government series, latest print and the change on a year earlier · Federal Reserve Bank of St. Louis (FRED)Ninety days of filings
Every SEC filing by the companies below, one row each · move across to read a dayThu, Oct 8, 2026
No filings by the covered companies
Jul 11 to Oct 8 · 43 filings, 2 in the last seven days · SEC EDGAR. Tall: quarterly and annual reports. Middle: current reports (8-K). Short: other forms. Red: an 8-K item that says something went wrong.
What changed
Filings by the companies below, last 30 days · SEC EDGAR- Oct 6NextEra Energy · 8-KOther material event
- Oct 5Eaton · 8-KDirector or officer change
- Sep 30American Electric Power · 8-KDirector or officer change
- Sep 29nVent · 8-KTook on a debt obligation; Other material event
- Sep 25Duke Energy · 8-KDirector or officer change; Other material event
- Sep 17nVent · 8-KTook on a debt obligation
- Sep 16nVent · 8-KOther material event
- Sep 15nVent · 8-KOther material event
- Sep 15Quanta Services · 8-KDirector or officer change; Investor disclosure
- Sep 14NextEra Energy · 8-KInvestor disclosure
- Sep 10MYR Group · 8-KSigned a material agreement; Took on a debt obligation
Rules and notices
Federal Register, last 45 days- Oct 6Notice · Energy DepartmentPJM Interconnection, L.L.C.; Notice of Institution of Section 206 Proceeding and Refund Effective Date
- Sep 15Notice · Energy DepartmentNorth American Electric Reliability Corporation; Order Approving Reliability Standard CIP-014-4
- Sep 3Notice · Interior DepartmentIntent To Prepare an Environmental Impact Statement for the Proposed Silver Rock Transmission Line Project in Millard, Beaver, and Iron Counties, UT and Lincoln and Clark Counties, NV
Matched by title against the industry’s terms; paperwork renewals and meeting notices left out · read 00:28 UTC, Oct 8
Who is exposed
Trailing twelve months to each company’s latest quarter, from its own XBRL filings · SEC EDGAR| Company | Quarter to | Revenue | Growth | Gross margin | Op. margin | Capex / revenue | Capex growth | Inventory days | Backlog |
|---|---|---|---|---|---|---|---|---|---|
| GE Vernova GEVTurbines and grid equipment | Jun 30, 2026 | $41.4B | +13.0% | 20.2% | 4.3% | 4.1% | +96.0% | 140 | $176B+37.0% |
| Eaton ETNElectrical equipment | Jun 30, 2026 | $30.0B | +15.5% | 35.9% | — | 3.4% | +29.1% | 103 | — |
| Hubbell HUBBUtility components | Mar 31, 2026 | $6.0B | +7.2% | 35.5% | 20.7% | 2.8% | +2.2% | 107 | — |
| Powell Industries POWLSwitchgear | Jun 30, 2026 | $1.2B | +7.0% | 30.1% | 19.7% | 1.1% | -38.7% | 43 | $2.4B+71.4% |
| nVent NVTEnclosures and connections | Jun 30, 2026 | $4.8B | +46.2% | 37.0% | 17.1% | 2.3% | +40.8% | 63 | — |
| Quanta Services PWRGrid construction | Jun 30, 2026 | $32.9B | +26.3% | 15.5% | 6.2% | 2.4% | +24.4% | 6 | $33.5B+75.1% |
| MYR Group MYRGGrid construction | Jun 30, 2026 | $4.0B | +16.1% | 12.5% | 5.6% | 2.6% | +63.6% | — | $2.8B+21.2% |
| American Electric Power AEPTransmission-heavy utility | Mar 31, 2026 | $22.4B | +11.3% | — | 24.0% | 19.7% | — | — | $205M-26.3% |
| NextEra Energy NEEUtility and renewables | Mar 31, 2026 | $26.0B | +8.3% | — | 31.7% | — | — | — | — |
| Duke Energy DUKUtility | Mar 31, 2026 | $32.5B | +5.8% | — | 27.7% | 46.0% | +22.5% | — | — |
| Median of 10 with a current year | +12.1% | 30.1% | 19.7% | 2.8% |
Growth compares the latest twelve months with the twelve before. A quarter a company reports only inside a year-to-date total is the difference of the two totals it filed; a ratio is shown only when both sides cover the same four quarters. Backlog is remaining performance obligations, with its change on a year earlier. A dash means the company does not report that line.
What to watch
Comment deadlines and effective dates ahead · Federal RegisterNo comment period or effective date ahead among this industry’s documents of the last 150 days.
Where US supply comes from
US imports, Jul 2026 · UN Comtrade- HS 8504Transformers and converters · $3.3B · +7.2% on a year earlierMexico 18% · China 12% · Thailand 12%
- HS 8537Switchboards and control panels · $2.4B · +20.5% on a year earlierMexico 37% · Canada 11% · Germany 7%
- HS 8544Insulated wire and cable · $3.7B · +7.2% on a year earlierMexico 45% · China 11% · Vietnam 9%