The present invention provides methods and systems for an electrical motor or power generator device that includes a housing having a front end cap and a rear end cap, and a shaft rotationally engaged to the front end cap and rear end cap. The device includes at least one in-line stator including an external ring disposed around a centrally located bore for receiving the shaft, and at least one opening within the external ring for receiving a coil assembly. The device further includes at least one in-line rotor that includes a plate with a centrally located bore for receiving the shaft, and at least one opening within the plate for receiving a magnet assembly.