- Specialist power converters are mission critical products enabling customer loyalty and recurring revenue streams.
- Looking beyond near-term pandemic disruption, XP Power will benefit from structural growth drivers such as automation the dawn of 5G.
Tip style
Growth
Risk rating
Medium
Timescale
Long Term
Bull points
Robust margins
Analyst upgrades
Structural growth drivers
Fund manager pick
Bear points
Cyclical exposure
Valuation
XP Power (XPP) is a manufacturer and distributor of specialist power converters – these are essential products that convert the electrical current from the mains supply to the correct voltage required by a piece of equipment. Serving more than 4,500 customers, including a growing number of blue-chip companies, the group has four end markets – industrials, semiconductor fabricators, healthcare and technology. Its products have a wide variety of applications in everything from 3D printing and robotics to MRI machines and ventilators.