Pioneer Power Announces e-Bloc And Related Product Orders In Excess Of $10M; The Company Expects To Deliver And Install These Orders Beginning In Q2 Of 2024
Portfolio Pulse from Benzinga Newsdesk
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has announced receiving orders exceeding $10 million for its e-Bloc and related products, with deliveries and installations starting in Q2 of 2024. These orders come from various sectors, including an EV charging infrastructure developer, a solar microgrid developer for a major U.S. airport, a large titanium smelter, and a major natural gas distribution provider. The company anticipates these orders to boost revenue for 2024 and 2025, addressing the robust demand in the distributed power generation market.
December 27, 2023 | 2:16 pm
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Pioneer Power Solutions has secured significant orders for its e-Bloc and related products, indicating a strong revenue outlook for 2024 and 2025. The orders from diverse sectors such as EV charging, solar microgrids, titanium smelting, and natural gas distribution highlight the company's growing presence in the distributed power generation market.
The announcement of orders exceeding $10 million is a significant positive development for Pioneer Power Solutions, suggesting a robust demand for their products and a strong revenue stream in the upcoming years. This news is likely to be viewed favorably by investors and could lead to a short-term increase in the stock price, reflecting the anticipated growth and market confidence in the company's offerings.
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