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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 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

Post by bigbird11on May 06, 2023 11:34am
202 Views
Post# 35434601

MY OBSERVATIONS

MY OBSERVATIONSStock up approx 12% for the week and new high
Friday noticed 2 large trades..... Acumen----Acumen  about  15,000 shares, BMO buying up 10,000 shares. Accounting for nearly 40% of the trades for the day.    Anonymous very active on buy and sell side------ possible accumulatng the stock. 
Second quarter earnings will be around August 2 . Last year earnings .55 cents  on  137 million  rev
This year ?  I expect a heck of a lot more than that . This should move the stock above the $50 range.
With all the orders getting filled up to te end of this year............ expect a $60 stock by first quarter 2024
In the meantime, will someone offer a sweetheart deal to Mr. Hammond ? If not, then I will keep on clipping my coupon every three months. Eventually we will get to $80 +  

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