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Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A)
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Q: Hello

In just 2 days of trading, this week, stock has dropped from $152 to $136, on no news !
Any thoughts or concerns ?

Thank You

Asked by rajeev on October 17, 2024

5i Research Answer:

The company announced its earnings date (October 29) but there was no other news. But the Canada dispute with India may have scared off some holders. HPS.A had $45M in revenue from India last year, not quite 10% of revenue.

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