Pioneer Power Announces e-Boost Orders Totaling $3.1M; Expands Placements In Utilities And Transportation Verticals
Portfolio Pulse from Benzinga Newsdesk
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) announced receiving three new orders totaling $3.1 million for its e-Boost mobile electric charging solutions. These orders are expected to contribute significantly to the company's revenue and operating margin in 2024. The orders include two from new customers and one reorder, showcasing the adoption and versatility of the e-Boost solutions across different platforms: Pod, Mobile, and Mini. Deliveries and installations are set to begin in Q1 2024.
December 19, 2023 | 2:08 pm
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Pioneer Power Solutions received $3.1 million in orders for e-Boost mobile EV charging solutions, indicating potential revenue growth and increased market penetration in 2024.
The announcement of new orders totaling $3.1 million is a positive indicator of demand for Pioneer Power's products and potential revenue growth. The fact that the orders include both new and repeat customers suggests a growing customer base and market confidence in the company's e-Boost solutions. This news is likely to be viewed positively by investors and could lead to a short-term increase in PPSI's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100