Hubbell: Two Growth Engines Driving An Electrification Opportunity

Hubbell (HUBB) benefits from AI infrastructure and grid modernization, driving strong growth in both Electrical and Utility Solutions segments. HUBB posted 25% YoY revenue growth and 14% adjusted EPS growth in Q3 FY2026, fueled by 80% data center sales growth and accretive M&A. Despite increased leverage from acquisitions, HUBB maintains strong free cash flow and higher net income margins than larger peers, trading at a valuation discount.