Pioneer Announces e-Boost Order Of $7.1M From One Of The Largest U.S. School Districts; Contract Likely To Grow To More Than $8M With The Expected Addition Of Planned Contingency Measures
Portfolio Pulse from Benzinga Newsdesk
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has received a $7.1 million order from a major U.S. school district for 25 e-Boost Mobile units to power its electric school bus fleet. The contract may increase to over $8 million with planned contingency measures, with full delivery expected in Q1 2025.
June 11, 2024 | 1:09 pm
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POSITIVE IMPACT
Pioneer Power Solutions, Inc. (PPSI) has secured a significant $7.1 million order from a major U.S. school district for 25 e-Boost Mobile units, with potential growth to over $8 million. This order is expected to positively impact PPSI's revenue and market position in the EV charging solutions sector.
The $7.1 million order, with potential to grow to $8 million, represents a significant revenue boost for PPSI. The contract with a major U.S. school district enhances PPSI's market position in the EV charging solutions sector, likely leading to positive short-term stock price movement.
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