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Quanta Services Inc. (PWR)
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Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A)
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Powell Industries Inc. (POWL)
Q: Hi,
Currently holding 2.46% position in HPS.A. With its larger revenue exposure to Canada and Mexico and impact of potential tariffs, does it make sense to diversify/trim and move some funds into POWL or PWR and which would you choose between the two currently? Thanks!
Currently holding 2.46% position in HPS.A. With its larger revenue exposure to Canada and Mexico and impact of potential tariffs, does it make sense to diversify/trim and move some funds into POWL or PWR and which would you choose between the two currently? Thanks!
5i Research Answer:
Please see this answer from last week on the comparison of POWL/PWR. HPS.A has taken a big hit on tariff news and we would be reluctant to sell into this panic, but on a calmer day we think some diversification within the sector would make sense.