Overview
- The company unveiled a new Houston, Texas plant to make medium-voltage distribution transformers, instrument transformers and switchgear.
- Sanmina said production is expected to begin in 2027 and noted that initial customer commitments are already in place.
- A new agreement with Croatia’s Končar calls for co-designing a custom medium-voltage transformer for the U.S. market and exploring broader cooperation.
- Shares fell about 7.3% through midday after the announcement, according to Yahoo Finance’s market update.
- Analysts polled by S&P Global Market Intelligence, as reported by Yahoo Finance, expect significant free-cash-flow outflows in 2025–2026, with commentary pointing to higher capex and profit-sharing concerns as drivers of the sell-off.