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Hammond Power Solutions Inc T.HPS.A

Alternate Symbol(s):  HMDPF

Hammond Power Solutions Inc. is a Canada-based company, which enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. The Company's standard and custom-designed products are essential in electrical distribution networks through an extensive range of end user applications. The Company has manufacturing plants in Canada, the United States, Mexico and India and sells its products around the globe. Its products include power transformers, furnace transformers, converter transformers, regulating transformers, multi-pulse transformers, distribution transformers, pad mounted transformers and unitized substations. Its converter transformers are used in industries such as cement and steel plants, and other related applications. It serves various industries, including renewable energy, commercial infrastructure and industrial markets. It offers a variety of transformer and reactor solutions for the solar and wind energy market.


TSX:HPS.A - Post by User

Post by bigbird11on May 06, 2023 11:34am
231 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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