We recently published an article entitled Why These 10 Stocks Jumped Yesterday. In this article, we are going to take a look at where Powell Industries Inc. (NASDAQ:POWL) stands against the other stocks that jumped yesterday.

Broader indices haven't been performing very well since the Fed's not so surprise revelation about the number of expected cuts in 2025. Nevertheless, several stocks on Thursday posted notable gains.

A circuit breaker installed in a control panel illuminated by bright LEDs.

Powell Industries Inc. (NASDAQ:POWL)

Powell Industries (POWL), a manufacturer of integrated/packaged solutions and electrical equipment, saw its share price grow by 4.95 percent or $11.49 to end at $243.46 each on Thursday.

Powell Industries has also earned the #1 rank, marking a "strong buy" from Zack Investment Research.

The company has been one of the top-performing stocks during the year, surging by 264 percent from $100 to an all-time high of $364 in November.

Analysts said the company’s stock price is currently trading at support levels, and investors are expected to continue bargain hunting opportunities.

Powell Industries was founded in 1947 and is headquartered in Houston, Texas. The company’s primary focus is on serving the energy, utilities, transportation, and industrial markets.

Overall POWL ranks 4th on our list of the stocks that jumped yesterday. While we acknowledge the potential of POWL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than POWL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article is originally published at Insider Monkey.