The Globe and Mail reports in its Thursday edition that according to National Bank analyst Rupert Merer, Hammond Power Solutions is a robust company with significant growth potential. The Globe's David Leeder writes in the Eye On Equities column that Mr. Merer says Hammond Power is an ideal candidate for investors seeking to invest in reshoring, electrification and the rapidly growing demand for data centres. However, pointing to "rapid" share price appreciation and near-term capacity constraints, Mr. Merer commenced coverage on the manufacturer of dry electrical transformers with a "sector perform" recommendation. Mr. Merer set a share target of $164. Analysts on average target the shares at $140.50. Mr. Merer says in a note: "Hammond has a manufacturing presence across the North America, and India and a dominant share of the dry-type transformer market in North America. ... Revenues grew 87 per cent over the last two years along with demand for its products and the market should continue to grow at more than 10 per cent per year. Growth is coming from residential, commercial, industrial and transportation markets, and supported by sectoral tailwinds from reshoring, electrification and rising data center demand."