Hammond Power (HPS-A) was up 14% on the back of its Q4 results, which beat big on revenue thanks to ~24% growth north and south of the border…

… and beat bigger on EPS, with only modest margin compression linked to cost inflation and unabsorbed capacity. Both should be short-lived, with costs passed on and the backlog at record levels (up 122% Y/Y)…

… driven by increased data center activity. Combined with its recent $365M acquisition, the street now has multiple years of revenue visibility - prompting positive revisions and multiple compression.

You might be interested in…

About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.