SBGSY - Hubbell Benefiting From Strong Outlook Electrification Demand Is Sparking Across Its Markets

• Hubbell's second quarter didn't offer the same revenue and profit upside as many other industrials, but were definitely in line with other electrical products companies.
• Demand is strengthening everywhere outside the utility markets, with strong growth among industrial customers, and even utility demand isn't bad.
• Utility grid hardening and modernization, as well as renewables transmission, remain ongoing growth opportunities, the infrastructure bill will help.
• Hubbell shares don't look notably cheap, but they're not that expensive relative to most other industrials and the company has both strong underlying secular growth and potential margin upside.

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