Powell Industries Q3 Earnings: Stock Down 22% Ahead of August 4

Powell Industries will report its fiscal third-quarter earnings on August 4. The stock has fallen more than 22% since a cautious analyst note earlier this year. That analyst has now upgraded the stock, calling it a good time to add before the print.

The upgrade comes as the stock trades well below its recent highs. The analyst sees the risk-reward as more favorable now. No specific financial targets were disclosed in the upgrade.

The August 4 report will show whether the company's quarterly results justify the renewed optimism. The prior cautious call focused on valuation concerns that the selloff has partly resolved.