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The latest announcement is out from Hammond Power Solutions ( ($TSE:HPS.A) ).
Hammond Power Solutions reported a strong third quarter in 2025, with sales reaching $218 million, marking a 13.7% increase compared to the same period in 2024. The company experienced significant growth in the U.S. market, particularly in private label and distribution channels, despite facing challenges such as material cost inflation and tariffs. The backlog increased by 27.7% since the beginning of the year, with substantial orders from data centers expected to be fulfilled primarily in 2026 from their new facilities in Mexico. This growth trajectory is supported by strategic pricing actions and capital investments to accommodate the rising demand.
The most recent analyst rating on ($TSE:HPS.A) stock is a Buy with a C$156.00 price target. To see the full list of analyst forecasts on Hammond Power Solutions stock, see the TSE:HPS.A Stock Forecast page.
Spark’s Take on TSE:HPS.A Stock
According to Spark, TipRanks’ AI Analyst, TSE:HPS.A is a Outperform.
Hammond Power Solutions demonstrates strong financial performance with robust revenue growth and strategic expansions. Technical indicators support a positive trend, though cash flow challenges and valuation concerns slightly temper the outlook. The earnings call provided positive guidance, reinforcing the company’s growth trajectory.
To see Spark’s full report on TSE:HPS.A stock, click here.
More about Hammond Power Solutions
Hammond Power Solutions Inc. is a leading manufacturer in the electrical industry, specializing in dry-type transformers, power quality products, and related magnetics. The company focuses on markets such as data centers, switchgear manufacturers, motor control, and mining, with significant operations in the U.S., Canada, and India.
Average Trading Volume: 51,031
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.64B
Learn more about HPS.A stock on TipRanks’ Stock Analysis page.