Hammond Power Solutions Inc. (TSX: HPS.A), a leading manufacturer of dry-type transformers and power quality solutions, has been named the top-performing company in the 2024 TSX30 ranking. This prestigious list recognizes the highest-performing companies on the Toronto Stock Exchange, highlighting innovation and significant growth in the Canadian market.

Adrian Thomas, CEO of Hammond Power Solutions, credited the company's success to its employees and customers, stating, "Being named the top company in the 2024 TSX30 underscores the commitment from our employees and customers as we drive progress to further electrify the global energy system."

The 2024 TSX30 ranking underscores the growth of Canada’s energy ecosystem, with energy-related companies dominating the list. Hammond Power Solutions stands out for its role in providing critical infrastructure to renewable energy projects, contributing to the decarbonization of global energy systems.

Other highlights from the 2024 TSX30 include a significant presence of companies in energy security, base metals for EV batteries, and clean energy technologies. Celestica Inc. (TSX: CLS) ranked second, focusing on clean energy generation and EV infrastructure, while more than half of the ranked companies are involved in energy and mining, critical for Canada’s transition to a sustainable future.

The 2024 TSX30 companies collectively represent a market capitalization increase of over 50% in just three years, showcasing the value creation in the Canadian economy.

Sources: ien.eu