Water Tower Research Publishes Initiation of Coverage Report on Hydrofarm Holdings Group, Inc. “Best-in-Class Execution in a Long-Term Favorable Growth Category”
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 12 2024
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Source: Globenewswire
Hydrofarm Holdings Overview: Water Tower Research has initiated coverage on Hydrofarm Holdings Group, a leading manufacturer and distributor of hydroponics equipment, highlighting its potential for growth in the controlled environment agriculture sector despite current market challenges.
Investment Insights: The report indicates that Hydrofarm is trading at a low sales multiple but is expected to see revenue and EBITDA growth in 2025, positioning it favorably within the ancillary business model akin to "pick-and-shovel" investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
