Hammond Power Solutions Inc T.HPS.A

Alternate Symbol(s): HMDPF

Industrials

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.

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Hammond Power Solutions Inc > stop losses

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Post by Catscratchon Aug 14, 2023 2:25pm

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Post# 35587444

stop losses

Seems like some motivated stop losses are getting filled... creating a good buying opportunity for long term investors.

Don't forget the fundamentals:

- Record Revenue, Net Income and EBITDA
- Record Backlog (up 44% in Q2/23)... paves way for strong Q3.
- TTM EBITDA of $87M (7x trailing EBITDA)
- On track to deliver $90- $100M EBITDA within next two quarters (6x forward EBITDA)
- net cash positive (no nebt debt).

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