Pioneer Power Wins $6.2M In E-Bloc Orders From New Customers To Support EV Charging And Microgrid Applications
Portfolio Pulse from Happy Mohamed
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has won approximately $6.2 million in E-Bloc orders from several new customers, including a major global designer and manufacturer of aerospace products and services, and three solar-centric developers. The orders support Pioneer Power's expectations of at least 50% year-over-year revenue growth for 2023.
July 13, 2023 | 12:40 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Pioneer Power Solutions' $6.2 million E-Bloc orders from new customers, including a major aerospace company and three solar developers, support its expectations of 50% YoY revenue growth for 2023.
The new orders worth $6.2 million from new customers, including a major aerospace company and three solar developers, are a positive development for Pioneer Power Solutions. This supports the company's expectations of 50% YoY revenue growth for 2023, which could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100