With US trade policy becoming harder to predict and talks with Canada breaking down, a growing share of global trade and investment attention is swinging toward so called middle powers. That shift could affect where production gets built, which exporters win new contracts and which stocks feel the shock. This article walks through three stocks exposed to these trade rifts and how they could fit, or not, in a diversified portfolio.
The three stocks below are a sample of this theme, and the full screen on Simply Wall St surfaced 67 more mid to large non US exporters with similarly interesting trade diversification stories that are not covered here. To go straight to the full set and focus on your own highest conviction ideas, analyze and compare companies directly in the Non-US Middle-Power Exporters Benefiting from Trade Diversification screener.
Hiab Oyj (HLSE:HIAB)
Hiab Oyj is a Helsinki based specialist in on road load handling, supplying cranes, truck mounted forklifts, hooklifts and tail lifts to sectors like construction, waste and recycling, defense logistics and retail. This directly ties it to the Non US Middle Power Exporters theme as trade and infrastructure projects spread beyond the US. The business is split between about €1.1b of equipment sales and €472.6 million of higher margin services such as maintenance, warranties and spare parts. With a market cap of about €4.0b, Hiab sits in the mid to large company bracket that many investors look at for global trade exposure.
Hiab Oyj may appeal if you want exposure to global trade and infrastructure without relying on the US alone. A growing eco friendly product mix, a larger base of connected units and service contracts, and an upgraded 2026 profit margin target together indicate a business that is working to improve earnings quality while benefiting from diversified demand across Europe and Asia Pacific. At the same time, recent earnings softness, heavy reliance on external borrowing and sensitivity to tariff changes keep the risk side of the story very real. If trade blocs continue to shift and Hiab executes on efficiency and green equipment demand, the gap between current pricing and its long term potential could become more significant.
Hiab Oyj’s push into eco friendly equipment and higher margin services could be masking a very different earnings profile than many expect, and the full analysis report for Hiab Oyj might change how you see its trade exposed risks and upside.
Sieyuan Electric (SZSE:002028)
Sieyuan Electric is a Shanghai based supplier of power transmission and distribution equipment that sells into North America, Australia, Europe, Southeast Asia and other regions. This naturally links it to the Non US Middle Power Exporters theme as grid and infrastructure investment spreads across multiple trade blocs. The company generated about CN¥23.8b from its Transmission and Distribution Equipment Industry segment, reflecting a focused business model around substations, high voltage equipment, distribution gear and energy storage systems. With a market cap of roughly CN¥137.1b, Sieyuan Electric provides large scale, export oriented exposure to global grid buildout.
Sieyuan Electric may merit closer attention if you want exposure to the rewiring of global trade and energy systems rather than focusing solely on tariff developments. The company combines a single, large transmission and distribution segment with products that already carry certifications for key markets, which can matter when trade flows tilt toward non US partnerships and grid interconnections. Forecasts point to strong revenue and earnings growth, high returns on equity and solid profit margins, yet the stock carries a P/E near 40x that reflects a significant amount of anticipated progress. The funding base leans heavily on external borrowing, creating a mix of quality signals and balance sheet risk that may warrant deeper research beyond the headline story.
Sieyuan Electric’s growth story and near 40x P/E suggest investors may be missing something in how future demand, margins and funding risk intersect. Get the full analyst forecasts for Sieyuan Electric to see what the market might be underestimating.
Nova (NVMI)
Nova is an Israel based semiconductor metrology company that sells process control systems into chip fabs across Taiwan, China, Korea, the US and other regions. This fits neatly with the Non US Middle Power Exporters theme as semiconductor investment spreads across multiple trade blocs. The business generated about US$937 million from semiconductor equipment and services, reflecting a focused revenue base that ties directly to wafer fab and advanced packaging spend. With a market cap of roughly US$12.0b, Nova sits firmly in the mid to large cap bracket that many investors use for global export exposure.
Nova provides exposure to the build out of global chip capacity rather than a single country’s trade policy. Its advanced metrology and analytics tools are deeply embedded in customers’ production lines and are increasingly used in advanced packaging. The company combines strong profitability, a growing mix of higher margin services and a sizeable cash position. This comes with clear risks around rich expectations, dependence on large chipmakers and ongoing trade and tariff friction that has already reduced gross margins by an estimated 30 to 50 basis points. For investors who can accept those trade and concentration risks, Nova’s role in diversified non US chip capital expenditure and AI related packaging could be important to consider.
Nova’s metrology tools sit at the crossroads of global chip expansion and rich expectations, yet markets may not fully price that mix. Read the analyst forecasts for Nova to see where optimism and concentration risk quietly intersect.
Seeking Fresh Alternatives Before They Fly
Some of the most interesting breakout stories stay under the radar for now. Use that information gap while it matters and, before momentum is fully caught, get in early.
- Spot strong balance sheets before the crowd rotates and focus on companies in the list of solid balance sheet and fundamentals (427 results) that still trade like the market has not woken up yet.
- Ride structural themes instead of chasing headlines and review the curated 292 resilient stocks with low risk scores that aim to keep downside controlled while compounding quietly in the background.
- Target income opportunities that others overlook by scanning the hand picked 424 dividend fortresses that could keep paying while prices drop elsewhere.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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