Who said the electrical business was a sleepy old industry? Stock prices of many of the 43 publicly held electrical manufacturers, distributors and electrical contractors tracked by Electrical Marketing dramatically outpaced the stock market’s overall market gains and some companies enjoyed some truly spectacular increases.
It was a great year for many stock investors if they were conservative and only invested in mutual funds tracking market indices, the Dow Jones Industrial Average (+23.6%); the SPP 500 (+26.4%) or the NASDAQ (+34.2%). And it was an even better year if they had the foresight or luck to invest in the electrical market’s top-performing stocks. Five electrical stocks enjoyed 2013 total annual returns of 70% or better — Coleman Cable (+175.4%); Magnetek (+125.5%); Federal Signal (+82.9%); Cree (+80.1%) and Encore Wire (+71.1%) — and a total of 17 companies beat all of the major market indices with returns of better than 34.2%.
Read "Publicly Held Electrical Companies Enjoy Great Run in 2013 with Many Stocks Up 30%"