Hammond Power Solutions is trading 6.7% up today at $269.12 as investors continue to react to a significant Q2 earnings beat, which featured adjusted EPS of C$2.76 and a 44.7% year-over-year revenue increase, both exceeding market forecasts.
- The stock's upward momentum is supported by record sales and surging demand from U.S. data centers, alongside a broader rally in the industrials sector driven by strong manufacturing data.
- Sentiment remains positive as the company reports higher adjusted EBITDA margins and progress on the integration of its AEG Power Solutions acquisition, amid a general risk-on market environment.