Feb. 9 at 5:23 PM
$POWL just took the crown as my top-performing stock, now up 627% since I added it to the portfolio.
Q1 2026 was a textbook example of why this story still works. Revenue grew modestly, but gross margin held 28.4%, far above last year, confirming the business has structurally reset profitability higher. Net income hit another record, and the balance sheet remains pristine with over
$500M in cash and no long-term debt.
The real highlight was orders. POWL booked
$439M in Q1 alone, up 63% y/y and the strongest quarter in over two years. That single quarter matched the company’s entire FY2021 orders. Backlog climbed to
$1.6B, up 16% y/y, giving more than a full year of revenue visibility.
Utilities, LNG, and data centersare driving this. This is no longer just an O&G story.
The stock trades slightly above my updated fair value, so I’m not adding here, but I’m still holding.
https://www.beatingthetide.com/p/the-crown-has-been-passed-powl-powell
