METHODE ELECTRONICS (MEI): A Short Circuit or Just a Blown Fuse?

If you want to clear a room at a cocktail party in 2026, tell them you’re excited about an auto-parts supplier undergoing a "transformation" during an EV slowdown. If you want to clear the room even faster, mention that its revenue is down double-digits and it just missed earnings.

Enter Methode Electronics (MEI).

At first glance, MEI looks like a textbook value trap. The stock is down nearly 40% over the last year, hovering around $7.50. Wall Street has effectively ghosted the company, treating it like a legacy relic that got lost on the way to the electric vehicle revolution. The consensus view is simple: the EV transition is stalling, Methode’s sales are shrinking, and the turnaround is taking too long.