Powell Industries is trading 4.7% down at $188.38, with no direct catalyst identified for today’s move.
- No company-specific announcement dated August 24, 2026 was identified.
- Recent pressure followed fiscal third-quarter revenue and adjusted earnings slightly missing expectations, despite record orders and backlog.
- Cantor Fitzgerald lowered its price target to $235 from $320 on August 14, citing capacity outlook concerns; broader markets are mixed to lower.