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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 retiredcfon Jul 10, 2024 5:58am
222 Views
Post# 36125761

Panic-Proof Portfolio

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
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