Hammond Power Solutions stock gets CAD 250 million Texas expansion

Published on 10/08/2026 at 05:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hammond Power Solutions stock gets a CAD 250 million Fort Worth capacity plan dated October 2, 2026. Q2 revenue reached CAD 324.8 million, up 45 percent year over year.

HPS.A, CA4085491039, Illustration mit AI erstellt.

Hammond Power Solutions (ISIN CA4085491039) was last at CAD 293.28 on the Toronto Stock Exchange on October 7, 2026 at 4:00 p.m. ET, down 1.58 percent on the session. The latest company catalyst is a Fort Worth expansion that adds a stated CAD 250 million of initial manufacturing capacity.

Fort Worth adds capacity

As Electrical Industry News Week reported on October 2, 2026, Hammond Power Solutions signed a long-term lease for a manufacturing facility in Fort Worth, Texas. Production is planned to begin in stages in Q4 2027, with full production anticipated in Q1 2028.

The company expects to invest CAD 50 million in the initial production phase, funded through existing cash and credit facilities, while the site could eventually support CAD 400 million of annual capacity. The expansion targets large standard and custom-engineered transformers for U.S. customers, tying the investment to data centers, electrification and power infrastructure.

Revenue growth meets margin pressure

In Q2 2026, revenue reached CAD 324.8 million, up 45 percent from Q2 2025, while diluted EPS fell to CAD 0.79 from CAD 1.12. Net income was CAD 9.394 million, down from CAD 13.4 million in the year-ago quarter, and the profit margin declined to 2.9 percent from 6.0 percent, according to Simply Wall St.

That contrast is central to the stock story: sales are expanding quickly, but earnings conversion weakened in the latest reported quarter. The Fort Worth project therefore adds future capacity before the Q2 margin picture has fully recovered.

Analysts see a higher target

StockAnalysis reports a Buy consensus from eight analysts and an average price target of CAD 377.88, which is 28.85 percent above the CAD 293.28 share price. Its figures were updated on October 7, 2026.

The next confirmed earnings date is October 29, 2026, according to StockAnalysis. That report will show whether the strong revenue run rate is translating into improved profitability before the Texas facility begins production.

Stock remains below its yearly high

Hammond Power Solutions stock was last at CAD 293.28 on October 7, 2026, with a market capitalization of CAD 3.5 billion. The 52-week range is CAD 126.50 to CAD 365.12, leaving the latest price 19.68 percent below the high.