Pioneer Power Solutions Reiterates FY2024 Revenue Guidance Of $52M-$54M, 30% YoY Growth; EPS Guidance $0.31-$0.34
Portfolio Pulse from Benzinga Newsdesk
Pioneer Power Solutions has reiterated its FY2024 revenue guidance of $52M-$54M, indicating a 30% year-over-year growth. The company also provided EPS guidance of $0.31-$0.34. Their backlog has increased by 46% sequentially to $67M, with significant orders contributing to this growth.
October 09, 2024 | 12:18 pm
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Pioneer Power Solutions has reiterated its FY2024 revenue guidance of $52M-$54M, indicating a 30% YoY growth. The company also provided EPS guidance of $0.31-$0.34. Their backlog has increased by 46% sequentially to $67M, with significant orders contributing to this growth.
The reiteration of revenue and EPS guidance, along with a significant increase in backlog and new orders, suggests strong future performance for Pioneer Power Solutions. This is likely to positively impact the stock price in the short term.
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