Earnings GrowthOther companies like GEV, VRT, ETN, and NVT are expected to grow earnings at a faster rate than HUBB, justifying a more premium valuation.
Market OutlookThe outlook for 2025 is disappointing in the context of lingering pressure in Utility distribution and telecom markets driven by customer inventory rebalancing.
ValuationThere is only a 3% upside from the current share price, leading to a downgrade from Buy to Hold.