What is making it so successful? It seems like a ‘boring’ low tech company. What is its future expected growth and what is its addressable market?
Any comments would be helpful to understand how electrical infrastructure widgets became such a big new thing.
HPS.A is a crucial player in the EV space, particularly the infrastructure and manufacturing side of things which has lagged the actual production of cars themselves which has been a driver for growth. It has seen a rapid demand for its products, driven by custom power units that serve renewable and data center applications. Its dry type transformers have seen significant growth. Secular tailwinds related to electrification in addition to HPS.A's generally strong business have driven the company's growth recently. HPS.A has seen steady growth and execution is a big part of what is making them so sucessful. 2024 forecasts indicate revenue growth of 9.22% and EPS growth of 12.45%. The company has not identified a TAM but its products are crucial in areas like renewables, EV/Charging stations, distribution centers, oil and gas, railway electrification, commercial infrastructure, and data centers.