Hammond Power - Distribution transformer shortageHammond 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/