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Bullboard - Stock Discussion Forum Hammond Power Solutions Inc T.HPS.A

Alternate Symbol(s):  HMDPF

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... see more

TSX:HPS.A - Post Discussion

Hammond Power Solutions Inc > Hammond Power - Distribution transformer shortage
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Post by Kiln on Feb 13, 2023 6:38pm

Hammond Power - Distribution transformer shortage

Hammond is the largest NA manufacturer of dry transformers.  High speed electric car chargers require tansformers.  Hammond is in that market supplying Tesla.  If the US plans to invest $7.5 billion to electrify their highways, they will need a lot of Hammond transformers.

However, as the attachment below points out, there is already a shortage of transformers and transformer costs have tripled, with procurement times  now stretching out over 12-months.  

The transformer shortage is fueling Hammond's revenues, earnings and share price.  If demand for transformers continues to increase, the share price has a long way to go.  

Utilities sound alarm over distribution transformer shortage as procurement times surpass 1 year and costs triple | Utility Dive
https://www.utilitydive.com/news/distribution-transformer-shortage-appa-casten/639059/
Comment by Catscratch on Feb 14, 2023 12:17pm
They should continue to be successful with above average pricing increases as a result.
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