Panic-Proof Portfolio TOP PICK
Hammond Power Solutions Inc.(HPS.A-T)
09/07/2024
Stockchase Research Editor: Michael O'Reilly
HPS-A is the manufacturer of electric transformer systems used by electric utilities, the oil & gas sector and for EV charging stations. Recently reported earnings indicated record high quarterly sales and a 6% increase in earnings. We like that cash reserves are growing, while debt is retired. It trades at 22x earnings and supports a 25% ROE. We recommend setting a stop-loss at $75, looking to achieve $130 -- upside potential of 28%. Yield 1.0%
(Analysts’ price target is $162.00)
Electrical / Electronic
$101.100