Today: 20 March 2026
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NASDAQ:POWL 4 January 2026 - 4 February 2026

Powell Industries stock jumps on strong profit, $1.6 billion backlog and new dividend boost

Powell Industries stock jumps on strong profit, $1.6 billion backlog and new dividend boost

Powell Industries shares jumped 14.5% to $519.02 after reporting fiscal Q1 net income of $41.4 million and revenue of $251.2 million. The company booked $439 million in new orders, closing the quarter with a $1.6 billion backlog. Powell raised its quarterly dividend to $0.27 per share, payable March 18 to shareholders on record Feb. 18.
Powell Industries (POWL) stock jumps 11% to start 2026 as industrials rally; what investors watch next

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.
4 January 2026

Stock Market Today

  • California's Wealthiest Lawmakers Rely Heavily on Stock Market Investments
    March 20, 2026, 2:53 PM EDT. Over half of California's lawmakers have a median net worth exceeding $1 million, largely driven by stock market investments. Representative Darrell Issa tops with $282.4 million, mainly from investments and rental properties. Ro Khanna's family recorded over $59 million in stock trades in 2025, holding diverse assets in healthcare and retail sectors. Gilbert Cisneros, with a $65.9 million net worth, invests heavily in defense stocks, raising conflict of interest concerns given his committee role. Retiring ex-House Speaker Nancy Pelosi's wealth, at $187.7 million, largely stems from her venture capitalist husband's holdings in top tech firms. While Khanna supports banning lawmakers from individual stock trading, Issa and Cisneros do not, and Pelosi has shifted from opposition to support for such a ban.
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