dusanpetkovic/iStock via Getty Images The Thesis After a strong 2023 with double-digit topline expansion, Powell Industries (NASDAQ:POWL) has seen nearly 50% growth in the first three quarters of 2024 as demand remains healthy across most of the end market. I expect this to continue further in quarters ahead despite near term headwinds in the Oil and Gas end market as demand in other industrial markets like Petrochemical remains robust, which along with strong backlog levels should help the company in closi ...