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Apollo_CB
Jan 9, 2024 1:40 AM

Hammond electric vehicle play Long

Hammond Power Solutions Inc.OTC

Description

Hammond I covered a few times in the past. This illiquid small cap is a larger player in my portfolio and performed exceptionally well last year. Momentum wise, the stock just confirmed the almighty golden fib. I expect great things from this compounder in the future.
My thesis for this stock revolves around the fact they are one of the major players in the transformer market. These transformers simply do not last as long as they used to since they do not have the opportunity to cool down at night. Electricity is being widely used in the used to be off hours, and transformer lifespans are a fraction of what they were. I believe this stock will outperform TSLA and it still goes unnoticed by large institutions due to its size and lack of listing on major US exchanges.
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