Anthropic's launch of Claude Cowork, an AI tool designed to replace multiple software tools, triggered a significant sell-off in SaaS stocks. Software companies like Shopify, Monday.com, and Fastly dropped 15-23%, similar to the market's reaction to DeepSeek last year. However, analysts suggest the impact varies by company type—mission-critical, deeply integrated software providers are better positioned to weather AI disruption than single-function tools. Meanwhile, January job data showed the lowest openings since 2020 and highest layoffs since 2009, though unemployment remains historically average.

Powell Industries announced that its Board of Directors approved an increase to the quarterly cash dividend to $0.27 per share, raising the annualized dividend from $1.07 to $1.08 per share. The dividend is payable on March 18, 2026, to shareholders of record as of February 18, 2026.

Powell Industries announced a quarterly cash dividend of $0.2675 per share, payable on December 17, 2025, to shareholders of record as of November 19, 2025.

Powell Industries has agreed to acquire Remsdaq Ltd., a U.K.-based manufacturer of Remote Terminal Units (RTUs), for £12.2 million. The acquisition aims to expand Powell's automation platform capabilities and enhance utility operational efficiency.

Powell Industries, a supplier of custom engineered solutions for electrical energy management, has announced a quarterly cash dividend increase to $0.2675 per share, payable on March 19, 2025 to shareholders of record on February 19, 2025.

The global switchgear market is projected to grow at a CAGR of 7.3% from 2024 to 2031, driven by the increasing adoption of smart grid infrastructure and renewable energy sources. The Asia-Pacific region is expected to dominate the market due to rapid industrialization and infrastructure investments.

Powell Industries, a supplier of custom engineered solutions for electrical energy management, announced a quarterly cash dividend of $0.2650 per share, payable on December 18, 2024 to shareholders of record on November 20, 2024.

The medium voltage fuse market is predicted to grow significantly by 2032, driven by the expansion of power infrastructure and the need for reliable electrical protection. Expulsion fuses and capacitors are expected to see notable growth in this market.

Powell Industries (POWL) stock has seen a surge in earnings estimates, indicating positive prospects. Analysts have been raising their earnings estimates for the company, which is a sign of growing optimism about its earnings outlook. This trend is expected to be reflected in the stock price.

The latest trading day saw Powell Industries (POWL) settling at $143.40, representing a +0.92% change from its previous close.

Energous (WATT) collaborates with Annukin, Ecobyte and Peak Technologies to deploy its wireless power network solution globally.

In addition to strong sales growth, all three companies sport a favorable Zacks Rank, reflecting bullishness among analysts and providing shares the fuel needed to climb higher.