Powell Industries: A Rather Large Bet

by

Right, so. Vision One Management Partners. They’ve gone and done a thing. A rather significant thing, actually. They bought a whole load more Powell Industries stock. Thirty-seven thousand, eight hundred and fifty-seven shares, to be precise. That translates to roughly $12.75 million. Honestly, it’s the kind of number that makes me want to check my own bank balance. Repeatedly.

Let’s Talk About It

The SEC filing dropped on February 17th, 2026, and it revealed that Vision One has now accumulated 61,448 shares in Powell Industries. Which, if you’re keeping track (and let’s be real, who isn’t?), represents a $12.4 million jump from the previous quarter. They’re clearly… enthusiastic. It’s a bit like that one dress you keep buying in different colours. You know it’s probably irrational, but you just… can’t stop.

What Does It All Mean?

  • Okay, so Vision One now has nearly 11% of its 13F assets tied up in Powell Industries. That’s… commitment. It’s not just a casual fling. It’s a full-blown, “I see a future with you” kind of investment.
  • Here’s where their money’s currently parked, for those of you who like a good spreadsheet:
    • NYSE:HXL: $40.36 million (22.6% of AUM)
    • NYSE:NGVT: $27.09 million (15.2% of AUM)
    • NYSE:TNC: $25.40 million (14.3% of AUM)
    • NYSE:CC: $20.28 million (11.4% of AUM)
    • NASDAQ:POWL: $19.59 million (11.0% of AUM)
  • And the share price? As of February 18th, 2026, Powell Industries was trading at $542.98. A 161.6% jump in a year. Which, frankly, makes my own investments look… pathetic. The S&P 500 is trailing behind by a cool 149.29 percentage points. It’s almost unfair, isn’t it?

The Nitty Gritty

Metric Value
Price (as of market close 2/18/26) $542.98
Market capitalization $6.59 billion
Revenue (TTM) $1.11 billion
Net income (TTM) $187.37 million

What Is Powell Industries, Anyway?

  • They build custom-engineered electrical equipment. Think integrated power control room substations, switchgears, all that jazz. It’s not exactly glamorous, but someone has to keep the lights on.
  • They design, manufacture, and service electrical systems. And they do a bit of field inspection, installation, and retrofitting on the side. A full-service operation, really.
  • They cater to a surprisingly diverse clientele: oil and gas, petrochemicals, LNG, mining, utilities, transportation… basically anyone who needs a lot of power.

They’re a leading provider of this stuff, apparently. Decades of technical expertise, customized solutions, global reach… the usual corporate buzzwords. But honestly, it sounds… solid. Like a reliable pair of shoes. Which, in the current market, is almost revolutionary.

So, What’s the Play Here?

This level of concentration – nearly 11% of their portfolio – isn’t just about optimism. It’s a declaration. It screams, “We believe in this company.” And Powell’s latest earnings report seems to back that up. First-quarter revenue was up 4% year-over-year to $251 million, but the real story is in the margins. Gross margin jumped to 28.4%, up from 24.7% a year ago. And net income climbed 19% to $41 million. Not bad, not bad at all.

They’ve also snagged over $100 million in data center awards, including a roughly $75 million order. Which suggests they’re focusing on long-term infrastructure projects, not just quick wins. And after a 161% run-up, volatility is inevitable. But with $500 million in cash, no debt, and a book-to-bill ratio of 1.7, this doesn’t feel like chasing momentum. It feels like doubling down on something… substantial. Something that might actually last. And honestly? That’s a refreshing change.

Read More

2026-02-19 22:24