Opinions
Jim Cramer - Mad Money
Hubbell
HUBB-N
BUY ON WEAKNESS
Jul 17, 2024
$366.610
Stock price when the opinion was issued
INDUSTRIAL PRODUCTS
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
Advertising
They make electrical products for data centres, healthcare, utility and residential markets. The demand for and use of AI means surging demand for electricity, which plays into HUBB's products. Margins are wide. Also, companies that are reshoring--bringing back facilities back to the US--will need to connect to the power grid. Meanwhile, grid modernization continues as sustainability energy increases. Also, there's an AI centre boom, again needing electricity. Shares have dipped, so you can buy it now. Their last quarter was strong, but didn't raise their forecast to the street's disappointment. This is a long-term buy.