Hammond Power Solutions (TSE:HPS.A) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Hammond Power Solutions, a key player in the manufacturing of transformers and related magnetics, has announced a $20 million increase in its capital investment plan. This investment is set to boost production capabilities, particularly for custom power transformers at its Monterrey facility, aiming to relieve existing bottlenecks and enhance revenue potential. The company’s strategic expansion is expected to improve delivery times and strengthen its North American market position.
For further insights into TSE:HPS.A stock, check out TipRanks’ Stock Analysis page.
