This summary was created by AI, based on 1 opinions in the last 12 months.
Hubbell manufactures electrical products for various markets including data centres, healthcare, utility, and residential. The increasing demand for AI and reshoring of facilities to the US is expected to drive the demand for electricity and play into HUBB's products. Additionally, grid modernization and the rise of sustainable energy further support the company's growth potential. Although shares have dipped, experts recommend it as a long-term buy, citing strong performance in the last quarter.
Hubbell is a American stock, trading under the symbol HUBB-N on the New York Stock Exchange (HUBB). It is usually referred to as NYSE:HUBB or HUBB-N
In the last year, 1 stock analyst published opinions about HUBB-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Hubbell.
Hubbell was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Hubbell.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of Hubbell published on Stockchase.
On 2024-12-13, Hubbell (HUBB-N) stock closed at a price of $453.62.
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.