Hammond Power Solutions Inc. is trading 4.1% up at $309.11 following news of its upcoming inclusion in the S&P/TSX Composite Index and continued optimism surrounding data center infrastructure.
- The company will join the S&P/TSX Composite Index effective June 22, 2026, a move expected to drive significant demand from institutional and index-tracking funds.
- Investor sentiment remains high due to the company's critical role in electrification and a strong backlog driven by surging demand for data center-related transformers.
- The stock continues to extend its recent strength, supported by bullish management commentary and a broadly risk-on market environment.