Powell Industries (POWL) stock jumps 11% to start 2026 as industrials rally; what investors watch next
Powell Industries shares jumped 10.6% to $352.52 on Friday, the first U.S. trading day of 2026, outpacing peers in thin holiday trading. The Houston-based electrical equipment maker reported a $1.4 billion backlog as of Sept. 30 and fiscal 2025 net income of $180.7 million. About 252,000 shares changed hands. Investors await key U.S. labor and inflation data next week.