Bullboard - Stock Discussion Forum Hammond Power Solutions Inc T.HPS.A

Alternate Symbol(s): HMDPF

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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... see more

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TSX:HPS.A - Post Discussion

Hammond Power Solutions Inc > Saturday's wall street Journal

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Post by microcaphobby on Feb 28, 2021 9:36pm

Saturday's wall street Journal

Article said the biggest stumbling block to EVs are lack of power stations. Biden proposes building a network of 500,000 charging stations in the next 5 years. Every one of those need a transformer. And that is just the US. Hammond is the largest transformer manufacturer in North America.

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Comment by Possibleidiot01 on Mar 05, 2021 10:12am

I think you may be simplying , not absolutely sure ?, the market share question. Crompton Greaves Ltd, Alstom SA, ABB Ltd, Siemens AG, GE Co., Toshiba Corp dominate power transformer market share. On HPS's site , they say "HPS is the largest manufacturer of dry-type transformers in North America." This makes me think that they are not number #1 in various other categories. Do you ...more

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Comment by microcaphobby on Mar 05, 2021 1:51pm

They are the largest dry transformer manufacturers in NA but not for other types of transformers. EV stations do use dry transformers but not exclusivly. . If you go on their website they have literature regarding EV. These guys do supply a very good product: Google, Microsoft and Tesla use them.

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