Hammond Power Solutions Inc T.HPS.A

Alternate Symbol(s): HMDPF

Industrials

Hammond Power Solutions Inc. is a manufacturer of dry-type transformers in North America. It is engaged in engineering and manufacturing a range of standard and custom transformers that are exported in electrical equipment and systems. It enables electrification through its range of dry-type transformers, power quality products and related magnetics. Its standard and custom-designed products are essential and ubiquitous in electrical distribution networks through a range of end-user applications. Its products include power transformers, furnace transformers, converter transformers, unitized substations, control & automation products, low voltage distribution products, medium voltage distribution products and others. It supports solid industries, such as oil and gas, mining, steel, waste and water treatment, commercial construction, data centers and wind power generation. It has manufacturing plants in Canada, the United States, Mexico and India and sells its products around the globe.

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Hammond Power Solutions Inc

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Post by microcaphobbyon Jul 23, 2023 8:05am

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Post# 35553272

Barron's magazine

7 Stocks to Play the Revival of American Manufacturing

It would also mean vast new investment. UBS reckons the U.S. underspent by $5 trillion on domestic factories and equipment over the past 20 years.

Among listed companies, obvious beneficiaries include smart-factory specialists Rockwell Automation (ROK) and Emerson Electric (EMR). Snyder’s top reshoring pick is Eaton (ETN), which makes electrical systems and thus has a hand in factory construction, equipment installation, data centers, and more. Other well-positioned companies include Trane Technologies (TT), which makes air-conditioning systems; Amphenol (APH) for sensors and other electronic doodads; Keysight Technologies (KEYS) for test equipment and software; and W.W. Grainger (GWW) for industrial supplies.

Several industrial names will report quarterly results at the end of July and in early August. Snyder says that investors don’t yet fully appreciate the strength and durability of the reshoring movement, and that estimates for Eaton and others will have to move “materially higher.” We’ll see soon.

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