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.

TSX:HPS.A - Post by User

Hammond Power Solutions Inc

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Post by retiredcfon Apr 18, 2024 5:49am

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Post# 35995296

Yesterday

Why has the stock dropped almost 9% today ? Is the market just nervous before upcoming results ?

There is no news other than the annoucement of its earnings release for April 30. It has been a bad market week and the stock is up 76% this year. It is a relatively small company still and nervous nellies or profit taking can swing the price around.

We continue to think HPS.A has a strong outlook. It recently raised its dividend by a substantial amount and reported very good earnings. (5iResearch)

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