Is Helios Technologies (HLIO) Using CODESYS-Enabled OpenView To Quietly Redefine Its Automation Moat?

• On 2 February 2026, Helios Technologies announced that Enovation Controls has expanded the OpenView display platform by adding CODESYS functionality, enabling customers to program both uControl controllers and OpenView HMI displays within a single industrial development environment and access CODESYS WebVisu for remote monitoring.
• This move deepens Helios’ open software approach, potentially making its platforms more attractive to OEMs and system integrators seeking interoperable, remotely manageable control solutions across diverse industrial applications.
• We’ll now examine how this CODESYS-enabled OpenView upgrade could influence Helios Technologies’ investment narrative and its broader automation ambitions.

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Helios Technologies Investment Narrative Recap

To own Helios Technologies, you need to believe its pivot toward electronics and software can offset pressure on legacy hydraulics and cyclically exposed end markets. The CODESYS-enabled OpenView upgrade supports that shift by tightening the link between Helios’ controllers and HMIs, but it does not fundamentally change the near term risk that margins remain constrained by cost inflation and integration challenges, or that demand from construction and agriculture customers could soften again.

Among recent announcements, the September 2025 sale of Custom Fluidpower and the exclusive distribution agreement with Questas Group stands out here. That move trimmed traditional hydraulics exposure while freeing capital for debt reduction and new product investment, which ties directly into Helios’ push for more interoperable, software-centric offerings like the CODESYS-enabled OpenView platform and could be important for sustaining earnings quality if end-market volatility persists.

Yet while the product story is improving, investors should still be mindful of how prolonged weakness in cyclical construction and agriculture demand could...

Read the full narrative on Helios Technologies (it's free!)

Helios Technologies' narrative projects $881.8 million revenue and $95.2 million earnings by 2028. This requires 4.1% yearly revenue growth and a $60.3 million earnings increase from $34.9 million today.

Uncover how Helios Technologies' forecasts yield a $65.20 fair value, a 11% downside to its current price.

Exploring Other Perspectives

Compared with consensus, the most pessimistic analysts assume only about 4 percent annual revenue growth to roughly US$879,000,000 and earnings of about US$93,900,000 by 2028, highlighting how execution risks around electrification and digitalization can look very different depending on how you weigh this CODESYS announcement against that concern.

Explore 2 other fair value estimates on Helios Technologies - why the stock might be worth 11% less than the current price!

Build Your Own Helios Technologies Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Helios Technologies research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Helios Technologies research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Helios Technologies' overall financial health at a glance.

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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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