3 Canadian Data Centre Stocks to Buy Now, Ranked: Celestica, Hammond Power, and Brookfield
Celestica (TSX: CLS) leads as a top Canadian data centre stock due to its 83% YoY revenue growth and expanding role in AI infrastructure, despite a 9% YTD stock decline. Hammond Power Solutions (TSX: HPS.A) follows, with revenue doubling and strong demand for electrical equipment. Brookfield (TSX: BN) rounds out the list, offering indirect exposure to data centres through its infrastructure investments.
How this was made
The 30-second read
Why it matters
The piece provides no new data; it merely recaps existing earnings and partnership announcements, offering limited actionable insight.
Market read
The article reiterates known earnings and partnership details; it does not introduce fresh market‑moving information.
What to watch
Potential headwinds such as supply‑chain constraints for hardware and rising electricity costs for power‑equipment firms are not discussed.
Background
The article is a list‑style recommendation of three Canadian data‑centre related stocks, summarizing recent financial results and growth narratives.
Ticker impact
Celestica's Q3 revenue surged 83% YoY and adjusted earnings more than doubled, but the article only recaps these results without new disclosure.
likely little movement as the earnings are already priced in
The article repeats known Q3 numbers; traders have already digested the data.
Brookfield's partnership with Bloom Energy and its $210 bn capital pool are mentioned, but these facts were previously reported and add no fresh information.
minimal impact; market has likely priced the partnership
The piece is a recommendation list that restates existing data without new disclosure.
Market effects
Highlights continued AI‑driven demand for data‑centre infrastructure, reinforcing bullish bias on the broader data‑centre sector.
Focuses on Canadian issuers, but no immediate effect on U.S. markets.
Limited; the article is a regional recommendation without macro‑level impact.
Counterpoint
Given the strong earnings already priced in, the suggested buys may be overvalued; a pull‑back could be expected.
Key entities
- CompanyCelestica Inc.
Canadian electronics manufacturing services firm.
- CompanyHammond Power Solutions
Guelph‑based maker of transformers and power equipment.
- CompanyBrookfield Corp.
Global asset manager with a large infrastructure portfolio.
