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Pioneer Power Solutions, Inc. - PPSI STOCK NEWS

Welcome to our dedicated page for Pioneer Power Solutions news (Ticker: PPSI), a resource for investors and traders seeking the latest updates and insights on Pioneer Power Solutions stock.

Pioneer Power Solutions, Inc. (symbol: PPSI) is a distinguished leader in the design and manufacture of specialized electrical equipment, serving a vast array of markets across North America. With a history spanning over 95 years, the company has built a stellar reputation for innovation, quality, and reliability. Pioneer Power's product portfolio is extensive, featuring a diverse range of liquid-filled and dry-type power, distribution, and specialty electrical transformers designed to meet the needs of the utility, industrial, commercial, OEM, and critical power sectors.

In addition to transformers, the company has expanded its capabilities to include advanced switchgear and controls, ensuring seamless protection against power outages and efficient management of electricity generation and distribution. This strategic enhancement allows Pioneer Power to offer comprehensive solutions that align with the evolving demands of the power grid and critical infrastructure.

Operating through two primary segments - Transmission and Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power) - Pioneer Power Solutions provides a wide range of products and services. These include custom-engineered electrical transformers, switchgear, engine-generator sets, and controls. The company also offers a national field-service network dedicated to maintaining and repairing power generation assets, ensuring the longevity and optimal performance of its products.

The company's commitment to excellence is reflected in its adherence to stringent design technology standards, superior product quality, and durability. Pioneer Power's steadfast dedication to on-time delivery further underscores its role as a reliable partner in a dynamic and rapidly changing marketplace.

Pioneer Power generates the majority of its revenue from the United States, demonstrating a strong domestic presence. Recent achievements highlight the company's innovative approach to product development and its ability to adapt to market changes, solidifying its position as a key player in the electrical equipment industry.

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Pioneer Power Solutions, Inc. (Nasdaq: PPSI) announced $3.1 million worth of new orders for its e-Boost mobile electric charging solutions, expected to significantly contribute to the company's revenue and margin in 2024.
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Pioneer Power Solutions, Inc. (Nasdaq: PPSI) has announced a significant expansion in the South Central Region by providing an e-Boost electric vehicle charging solution to MACAW Energies. This solution will support MACAW's low carbon LNG to ultra high-speed EV charging in Texas, aiming to accelerate EV adoption for fleet customers through a pilot project.
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Pioneer Power Solutions, Inc. (Nasdaq: PPSI) reiterates full-year revenue guidance of $42 to $45 million and positive EPS. The company maintains a $33.6 million backlog after a record revenue quarter. Financial highlights include a 99.1% increase in third-quarter revenue, a gross profit of $3.7 million, and a net income of $1.0 million. The company also expects continued growth in its E-Bloc and e-Boost product platforms.
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Pioneer Power Solutions, Inc. will host a conference call on November 15, 2023, to discuss its 2023 third quarter financial results. The company will release the results on November 14th after the market close. The call will be accessible via phone and webcast.
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Pioneer Power Solutions, Inc. has received purchase orders worth $7 million for its E-Bloc distributed generation solution and related equipment. The orders are from various customers and cover diverse use-cases, including electric vehicle supercharging stations. Delivery is scheduled to start in Q2 2024, with the majority of revenue recognized in the second half of 2024.
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Pioneer Power Solutions, Inc. announces upcoming conference presentations and meetings.
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Pioneer Power Solutions reiterates full year revenue guidance of $42-45 million and positive EPS; Q2 revenue increased 149% to $12.1 million; Q2 gross profit was $2.7 million with a 22.4% margin; Q2 net loss was $319,000; Cash on hand at June 30, 2023, was $9.6 million; Management expects at least 50% revenue growth in 2023 and positive earnings per share.
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Pioneer Power Solutions, Inc. will host a conference call on August 14, 2023, to discuss their second quarter financial results. The call will be accessible via phone and webcast. A replay will be available until August 21, 2023.
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FAQ

What is the current stock price of Pioneer Power Solutions (PPSI)?

The current stock price of Pioneer Power Solutions (PPSI) is $4.03 as of December 20, 2024.

What is the market cap of Pioneer Power Solutions (PPSI)?

The market cap of Pioneer Power Solutions (PPSI) is approximately 45.0M.

What does Pioneer Power Solutions, Inc. specialize in?

Pioneer Power Solutions, Inc. specializes in the design and manufacture of electrical equipment, including transformers, switchgear, and control systems for utility, industrial, commercial, OEM, and critical power markets.

What are the main product offerings of Pioneer Power Solutions?

Pioneer Power Solutions offers a variety of products including liquid-filled and dry-type power transformers, distribution transformers, specialty electrical transformers, magnetic products, switchgear, and engine-generator sets.

Which markets does Pioneer Power Solutions serve?

Pioneer Power Solutions serves the North American utility, industrial, commercial, OEM, and critical power markets.

How long has Pioneer Power Solutions been in operation?

Pioneer Power Solutions has been in operation for over 95 years.

What are the two primary business segments of Pioneer Power Solutions?

The two primary business segments of Pioneer Power Solutions are Transmission and Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power).

Where does Pioneer Power Solutions generate most of its revenue?

Pioneer Power Solutions generates most of its revenue from the United States of America.

Does Pioneer Power Solutions offer services in addition to manufacturing products?

Yes, Pioneer Power Solutions offers a national field-service network to maintain and repair power generation assets.

What recent capabilities has Pioneer Power Solutions added?

Pioneer Power Solutions recently expanded its capabilities to include specialized forms of switchgear and controls for protecting facilities against power outages and managing electricity in concert with the power grid.

What distinguishes Pioneer Power Solutions in the marketplace?

Pioneer Power Solutions is distinguished by its high standards for design technology, product quality, durability, and on-time delivery in a rapidly changing marketplace.

What are some recent achievements of Pioneer Power Solutions?

Recent achievements of Pioneer Power Solutions include innovative approaches to product development and adapting to market changes, reinforcing its position as a key player in the electrical equipment industry.

Pioneer Power Solutions, Inc.

Nasdaq:PPSI

PPSI Rankings

PPSI Stock Data

45.04M
8.48M
22.27%
8.07%
1.78%
Electrical Equipment & Parts
Power, Distribution & Specialty Transformers
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United States of America
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