Research · refreshed nightly · August 17, 2026
Top Power Grid and Electrification Companies (October 2026)
The electrification supply chain.
Electricity demand is rising for the first time in a generation, and the top power grid and electrification companies, 16 in all, are mostly unglamorous names in switchgear, substations, and contracting. The leader is Germany's PFISTERER, a $1.4B company posting 334% revenue growth and an MGI of 67. Behind it sit $33B EMCOR and $82B Quanta Services, the contractors doing the physical work.
The group's median MGI of 56 belongs to businesses winning real contracts rather than telling stories; most carry the scale-economics profile, where margins are modest and volume does the compounding. The tail runs small: Norway's Zaptec at $256M and Sweden's AQ Group at $2.1B ride the same buildout. Click any name for the full citation-backed analysis.
50companies qualify
52median MGI
2joined this week
The ranking
Sorted by MGI
1
Plejd ABPLEJD.SE🇸🇪
Revenue +28%/yr · +27%/yr per share · asset light
G 75V 68O 81Cap $858.6M
MGI
75
MVI
68
MTI
35
MOI
81
Cap
$858.6M
Growth
+28%2
nVent Electric plcNVT🇺🇸
Revenue +14%/yr · +15%/yr per share · scale economics
G 70V 51O 70Cap $27.6B
MGI
70
MVI
51
MTI
43
MOI
70
Cap
$27.6B
Growth
+54%3
STIF S.A.ALSTI.FR🇫🇷
Revenue +42%/yr · -73%/yr per share · asset light
G 68V 60O 71Cap $314.6M
MGI
68
MVI
60
MTI
38
MOI
71
Cap
$314.6M
Growth
+48%4
NKT A/SNKT.DK🇩🇰
Revenue +14%/yr · +9%/yr per share · scale economics
G 67V 49O 67Cap $7.3B
MGI
67
MVI
49
MTI
38
MOI
67
Cap
$7.3B
Growth
+3%5
Addtech ABADDT.B.SE🇸🇪
Revenue +12%/yr · +12%/yr per share · scale economics
G 65O 65Cap $9.5B
MGI
65
MTI
38
MOI
65
Cap
$9.5B
Growth
+7%6
Friedrich Vorwerk Group SEVH2.DE🇩🇪
Revenue +22%/yr · +22%/yr per share · asset light
G 65V 69O 73Cap $1.6B
MGI
65
MVI
69
MTI
37
MOI
73
Cap
$1.6B
Growth
+5%7
Carel Industries S.p.A.CRL.IT🇮🇹
Revenue +10%/yr · +8%/yr per share · asset light
G 65V 54O 67Cap $3.7B
MGI
65
MVI
54
MTI
42
MOI
67
Cap
$3.7B
Growth
+9%8
Willdan Group, Inc.WLDN🇺🇸
Revenue +16%/yr · +11%/yr per share · scale economics
G 65V 55O 67Cap $1.2B
MGI
65
MVI
55
MTI
45
MOI
67
Cap
$1.2B
Growth
+2%9
IES Holdings, Inc.IESC🇺🇸
Revenue +19%/yr · +20%/yr per share · scale economics
G 64V 53O 65Cap $14.9B
MGI
64
MVI
53
MTI
45
MOI
65
Cap
$14.9B
Growth
+40%10
EMCOR Group, Inc.EME🇺🇸
Revenue +13%/yr · +18%/yr per share · scale economics
G 64V 54O 66Cap $36.8B
MGI
64
MVI
54
MTI
42
MOI
66
Cap
$36.8B
Growth
+20%11
Arteche Lantegi Elkartea, S.A.ART.ES🇪🇸
Revenue +14%/yr · +12%/yr per share · asset light
G 63V 54O 64Cap $2.1B
MGI
63
MVI
54
MTI
42
MOI
64
Cap
$2.1B
Growth
+15%12
Foresight Group Holdings LimitedFSG.GB🇬🇧
Revenue +15%/yr · +14%/yr per share · asset light
G 61V 64O 64Cap $644.6M
MGI
61
MVI
64
MTI
46
MOI
64
Cap
$644.6M
Growth
+11%13
5N Plus Inc.VNP.CA🇨🇦
Revenue +16%/yr · +14%/yr per share · scale economics
G 61V 53O 62Cap $2.0B
MGI
61
MVI
53
MTI
40
MOI
62
Cap
$2.0B
Growth
+66%14
Hesai GroupHSAI🇨🇳
Revenue +35%/yr · +25%/yr per share · scale economics
G 60V 47O 58Cap $22.9B
MGI
60
MVI
47
MTI
58
MOI
58
Cap
$22.9B
Growth
+30%15
Argan, Inc.AGX🇺🇸
Revenue +16%/yr · +19%/yr per share · scale economics
G 59V 56O 62Cap $8.7B
MGI
59
MVI
56
MTI
43
MOI
62
Cap
$8.7B
Growth
+50%16
Powell Industries, Inc.POWL🇺🇸
Revenue +20%/yr · +19%/yr per share · scale economics
G 59V 51O 59Cap $9.1B
MGI
59
MVI
51
MTI
50
MOI
59
Cap
$9.1B
Growth
+9%17
Zaptec ASAZAP.NO🇳🇴
Revenue +20%/yr · +17%/yr per share · scale economics
G 58V 79O 65Cap $242.4M
MGI
58
MVI
79
MTI
47
MOI
65
Cap
$242.4M
Growth
+40%18
AT
Atrem S.A.ATR.PL🇵🇱
Revenue +24%/yr · +0%/yr per share · scale economics
G 57V 66O 61Cap $119.2M
MGI
57
MVI
66
MTI
45
MOI
61
Cap
$119.2M
Growth
+24%19
Everus Construction Group, Inc.ECG🇺🇸
Revenue +16%/yr · +16%/yr per share · scale economics
G 57V 50O 57Cap $7.8B
MGI
57
MVI
50
MTI
43
MOI
57
Cap
$7.8B
Growth
+25%20
R&S Group Holding AGRSGN.CH🇨🇭
Revenue +38%/yr · +27%/yr per share · scale economics
G 56V 65O 60Cap $816.2M
MGI
56
MVI
65
MTI
43
MOI
60
Cap
$816.2M
Growth
+47%21
Quanta Services, Inc.PWR🇺🇸
Revenue +20%/yr · +19%/yr per share · scale economics
G 56V 51O 57Cap $105.7B
MGI
56
MVI
51
MTI
32
MOI
57
Cap
$105.7B
Growth
+41%22
First Solar, Inc.FSLR🇺🇸
Revenue +13%/yr · +13%/yr per share · scale economics
G 55V 51O 55Cap $24.8B
MGI
55
MVI
51
MTI
52
MOI
55
Cap
$24.8B
Growth
-4%23
Terna S.p.A.TRN.IT🇮🇹
Revenue +10%/yr · +10%/yr per share · asset light
G 54V 57O 57Cap $22.8B
MGI
54
MVI
57
MTI
33
MOI
57
Cap
$22.8B
Growth
-1%24
American Superconductor CorporationAMSC🇺🇸
Revenue +26%/yr · +13%/yr per share · scale economics
G 54V 45O 53Cap $1.8B
MGI
54
MVI
45
MTI
50
MOI
53
Cap
$1.8B
Growth
+30%25
Volex plcVLX.GB🇬🇧
Revenue +17%/yr · +14%/yr per share · scale economics
G 53V 57O 54Cap $1.4B
MGI
53
MVI
57
MTI
45
MOI
54
Cap
$1.4B
Growth
+14%26
EnergyVision NVENRGY.BE🇧🇪
Revenue +21%/yr · +13%/yr per share · scale economics
G 51V 54O 52Cap $923.4M
MGI
51
MVI
54
MTI
40
MOI
52
Cap
$923.4M
Growth
+74%27
EL
Elektrotim S.A.ELT.PL🇵🇱
Revenue +16%/yr · +16%/yr per share · scale economics
G 51V 68O 55Cap $123.1M
MGI
51
MVI
68
MTI
42
MOI
55
Cap
$123.1M
Growth
+16%28
Blue Bird Corp.BLBD🇺🇸
Revenue +19%/yr · +14%/yr per share · scale economics
G 51V 59O 55Cap $2.3B
MGI
51
MVI
59
MTI
44
MOI
55
Cap
$2.3B
Growth
-2%29
Supreme PLCSUP.GB🇬🇧
Revenue +17%/yr · +16%/yr per share · scale economics
G 50V 60O 52Cap $260M
MGI
50
MVI
60
MTI
60
MOI
52
Cap
$260M
Growth
+4%30
Gérard Perrier Industrie S.A.PERR.FR🇫🇷
Revenue +11%/yr · +10%/yr per share · asset light
G 49V 56O 50Cap $362.1M
MGI
49
MVI
56
MTI
42
MOI
50
Cap
$362.1M
Growth
+1%31
Hammond Power Solutions Inc.HPS.A.CA🇨🇦
Revenue +23%/yr · +23%/yr per share · scale economics
G 48V 53O 48Cap $2.3B
MGI
48
MVI
53
MTI
47
MOI
48
Cap
$2.3B
Growth
+61%32
FW Thorpe PlcTFW.GB🇬🇧
Revenue +9%/yr · +9%/yr per share · asset light
G 48V 57O 49Cap $414.7M
MGI
48
MVI
57
MTI
42
MOI
49
Cap
$414.7M
Growth
0%33
Redelfi S.p.A.RDF.IT🇮🇹
Revenue +188%/yr · +157%/yr per share · asset light
G 47V 55O 48Cap $172.4M
MGI
47
MVI
55
MTI
57
MOI
48
Cap
$172.4M
Growth
+22%34
Li Auto Inc.LI🇨🇳
Revenue +32%/yr · +29%/yr per share · scale economics
G 43V 59O 45Cap $12.0B
MGI
43
MVI
59
MTI
65
MOI
45
Cap
$12.0B
Growth
-11%35
NIO Inc.NIO🇨🇳
Revenue +23%/yr · +13%/yr per share · scale economics
G 43V 55O 44Cap $11.3B
MGI
43
MVI
55
MTI
62
MOI
44
Cap
$11.3B
Growth
+23%36
Electrovaya Inc.ELVA🇨🇦
Revenue +48%/yr · +32%/yr per share · scale economics
G 42V 54O 43Cap $394M
MGI
42
MVI
54
MTI
54
MOI
43
Cap
$394M
Growth
+48%37
Midsummer AB (publ)MIDS.SE🇸🇪
Revenue +20%/yr · -19%/yr per share · scale economics
G 42V 68O 45Cap $67.1M
MGI
42
MVI
68
MTI
52
MOI
45
Cap
$67.1M
Growth
+910%38
eVISO S.p.A.EVISO.IT🇮🇹
Revenue +42%/yr · +40%/yr per share · scale economics
G 42V 62O 44Cap $177.5M
MGI
42
MVI
62
MTI
52
MOI
44
Cap
$177.5M
Growth
0%39
Amprius Technologies, Inc.AMPX🇺🇸
Revenue +109%/yr · +81%/yr per share · scale economics
G 41V 40O 39Cap $1.9B
MGI
41
MVI
40
MTI
52
MOI
39
Cap
$1.9B
Growth
+185%40
Cloudberry Clean Energy ASACLOUD.NO🇳🇴
Revenue +73%/yr · +47%/yr per share · asset light
G 40V 55O 41Cap $431.8M
MGI
40
MVI
55
MTI
55
MOI
41
Cap
$431.8M
Growth
+65%41
Aker Solutions ASAAKSO.NO🇳🇴
Revenue +15%/yr · +16%/yr per share · scale economics
G 40V 71O 44Cap $1.6B
MGI
40
MVI
71
MTI
58
MOI
44
Cap
$1.6B
Growth
+177%42
XPeng Inc.XPEV🇨🇳
Revenue +29%/yr · +25%/yr per share · scale economics
G 39V 64O 42Cap $11.2B
MGI
39
MVI
64
MTI
65
MOI
42
Cap
$11.2B
Growth
-18%43
VGP NVVGP.BE🇧🇪
Revenue +39%/yr · +30%/yr per share · asset light
G 38V 50O 38Cap $3.0B
MGI
38
MVI
50
MTI
50
MOI
38
Cap
$3.0B
Growth
+39%44
Cadeler A/SCDLR🇩🇰
Revenue +62%/yr · +33%/yr per share · asset light
G 38V 61O 41Cap $2.3B
MGI
38
MVI
61
MTI
55
MOI
41
Cap
$2.3B
Growth
+91%45
Burkhalter Holding AGBRKN.CH🇨🇭
Revenue +19%/yr · +6%/yr per share · asset light
G 37V 54O 38Cap $1.8B
MGI
37
MVI
54
MTI
40
MOI
38
Cap
$1.8B
Growth
+4%46
La Française de l'Énergie S.A.FDE.FR🇫🇷
Revenue +33%/yr · +32%/yr per share · asset light
G 37V 65O 40Cap $193.3M
MGI
37
MVI
65
MTI
42
MOI
40
Cap
$193.3M
Growth
-20%47
Brookfield Infrastructure Partners L.P.BIP🇨🇦
Revenue +17%/yr · +26%/yr per share · scale economics
G 34V 66O 38Cap $31.5B
MGI
34
MVI
66
MTI
43
MOI
38
Cap
$31.5B
Growth
+19%48
MasTec, Inc.MTZ🇺🇸
Revenue +15%/yr · +14%/yr per share · scale economics
G 34V 47O 33Cap $28.4B
MGI
34
MVI
47
MTI
52
MOI
33
Cap
$28.4B
Growth
+23%
Related research
Every ranking refreshes nightly from the same engine.
Want this list your way?
Run it as a live search: add size, geography or profitability in plain English, then ask Dig Deeper to reason over the results.
Research tool, not investment advice. Rankings are generated by our models from company filings and market data, refresh nightly, and are identical for every visitor. Scores reflect our methodology and are not recommendations to act. Data as of 2026-08-17.