National Bank lifts target for Hammond Power Solutions stock to CAD 380.00

Published on 10/17/2026 at 19:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 29, 2026. Hammond Power Solutions stock was CAD 245.75 on October 16, 2026, down 4.39 percent versus prior close.

Targets and operating dates

National Bank Financial lifted its target to CAD 380.00 on October 13, 2026.
Second-quarter revenue reached CAD 324.80 million, up 44.70 percent year over year.
Hammond Power Solutions stock last traded at CAD 245.75 on October 16, 2026 at 4:00 p.m. ET, down 4.39 percent versus the prior close.
Quarterly results are scheduled for October 29, 2026.

HPS.A, CA4085491039, Illustration mit AI erstellt.

National Bank Financial raised its Hammond Power Solutions target from CAD 355.00 to CAD 380.00 on October 13, 2026, while keeping an Outperform rating, according to MarketBeat. The new target stands 54.62 percent above the last price of CAD 245.75. Hammond Power Solutions stock last traded at CAD 245.75 on October 16, 2026 at 4:00 p.m. ET, down 4.39 percent from the prior close of CAD 257.04.

Revenue growth remains the key measure

Hammond Power Solutions reported second-quarter 2026 revenue of CAD 324.80 million, an increase of 44.70 percent from the year-ago quarter, according to Yahoo Finance. Adjusted earnings per share rose 60.50 percent to CAD 2.76, while data center sales exceeded 30.00 percent of total revenue in the second quarter.

Stock remains below its yearly high

The October 16 price stood 32.69 percent below the 52-week high of CAD 365.12 and 85.49 percent above the 52-week low of CAD 132.49. Trading volume reached 83,488 shares against an average of 65,077, while the price-to-earnings ratio was 47.53.

On October 2, 2026, Hammond Power Solutions appointed Gervais Jacques to its board, as reported by Simply Wall St. The appointment adds a governance event to a period in which the share price has also been sensitive to expectations for capacity expansion and demand.

Valuation and reporting date

Hammond Power Solutions had a market capitalization of CAD 2.9 billion and a 0.00 percent dividend yield as of October 16, 2026. The company is scheduled to report quarterly results on October 29, 2026, according to Simply Wall St.

Comparison with peers

HPS.A (TSX, CAD): minus 4.39 percent, P/E 47.53, market capitalization CAD 2.9 billion
Eaton (NYSE, USD): minus 2.79 percent, P/E 39.80, market capitalization USD 152.0 billion
Schneider Electric (Euronext Paris, EUR): minus 1.82 percent, P/E 30.44, market capitalization EUR 142.8 billion

Price and the next report

The October 29 reporting date gives investors the next scheduled checkpoint for revenue, adjusted earnings and demand from data center projects. The latest target changes also place the valuation discussion above the current market price, while the 52-week range shows that the stock remains materially below its recent high.

The last available price was CAD 245.75 on the TSX on October 16, 2026 at 4:00 p.m. ET, with the Toronto Stock Exchange closed on October 17, 2026.