Powell Industries: Beware Of The High Short Float, It's Time To Book Profits
Powell(POWL) Seeking Alpha·2024-08-01 15:47
seraficus Introduction & Investment Thesis Powell Industries (NASDAQ:POWL) develops, designs, and manufactures custom-engineered equipment for end markets that include Oil & Gas, Petrochemicals, Electric Utility and Commercial. The stock has sizably outperformed the S&P 500 and Nasdaq 100 YTD. It reported its Q3 FY24 earnings, where revenue and diluted earnings per share grew 50% and 149% YoY, respectively, beating estimates by a huge margin. Although the company is seeing strong bookings across its end mar ...