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Pioneer Power Solutions Inc - PPSI STOCK NEWS

Welcome to our dedicated news page for Pioneer Power Solutions (Ticker: PPSI), a resource for investors and traders seeking the latest updates and insights on Pioneer Power Solutions.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pioneer Power Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pioneer Power Solutions's position in the market.

News
Pioneer Receives Nasdaq Notification of Non-Compliance Related to Delayed Annual Report on Form 10-K
Rhea-AI Summary
Pioneer Power Solutions, Inc. (Nasdaq: PPSI) received a Nasdaq notification of non-compliance due to a delayed Annual Report on Form 10-K. The company failed to file its Annual Report for the year ended December 31, 2023, leading to a 60-day deadline to submit a compliance plan. If accepted, Nasdaq may grant an extension of up to 180 days. The delinquency notification letter has no immediate impact on the company's stock listing, and Pioneer expects to file the Annual Report in the coming weeks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.81%
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none
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News
Pioneer Achieves 51% Year-Over-Year Increase in Revenue, Reaching $40.8 Million
Rhea-AI Summary
Pioneer Power Solutions, Inc. (PPSI) reports positive full-year net income in 2023, surpassing the net loss in 2022. Revenue surges to $40.8 million, up by 51.1%, with gross margin increasing to 25.5%. The company expects continued growth in revenue, EPS, and operating margins in 2024, projecting $52 to $54 million in revenue and $0.31 to $0.34 in EPS. Backlog reaches $45.9 million, up by 36% sequentially, indicating strong business performance and growth prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.9%
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none
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News
Pioneer Power Enters $2.4 Billion Residential Power and EV Charging Market with HOMe-Boost, an Integrated Distributed Generation and EV Charging Product for U.S. Homeowners
Rhea-AI Summary
Pioneer Power Solutions, Inc. (Nasdaq: PPSI) launches HOMe-Boost, a residential platform for fast EV charging. The platform offers 30 kVA prime power, Level 2 or Level 3 charging options, and flexibility between grid and generator power. HOMe-Boost aims to provide reliable power during extreme weather and natural disasters, offering homeowners economic power generation choices. The product comes in L2 and L3 versions, providing easy installation, mobile app control, load balancers, and premium features like fast charging without costly infrastructure upgrades.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
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none
News
Pioneer Power to Host 2023 Fourth Quarter and Year-End Financial Results Conference Call on Monday, April 1, 2024 at 5:00 p.m. ET
Rhea-AI Summary
Pioneer Power Solutions, Inc. (PPSI) will host a conference call to discuss its 2023 fourth quarter and year-end financial results on April 1, 2024. The company will release the results after the markets close on the same day. Interested parties can participate by calling in or accessing the webcast. A replay will be available until April 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
conferences earnings
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News
Pioneer Power Launches New Modular, E-Bloc Charge Port Series and Immediately Books Initial Orders Valued at More Than $2 Million
Rhea-AI Summary
Pioneer Power Solutions, Inc. (Nasdaq: PPSI) has announced the launch of its new E-Bloc Charge Port series, receiving initial purchase orders valued at over $2 million. The CEO anticipates that the new product line will drive growth and capitalize on the market opportunity created by California's environmental standards. The E-Bloc Charge Port series is expected to provide enhanced performance and flexibility for EV charging stations, withstand power surges and inclement weather, and offer easy installation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.8%
Tags
none
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News
Pioneer Power Partners with NOMAD Transportable Power Systems to Launch New Zero-Emission, Mobile EV Charging Platform and Re-charging Solutions
Rhea-AI Summary
Pioneer Power Solutions, Inc. (Nasdaq: PPSI) announced the launch of its first zero-emission platforms, ZEeB and EXZELCR, developed in partnership with NOMAD Transportable Power Solutions, Inc. The new platforms offer mobile, zero-emission EV charging with battery energy storage for a wide range of markets, including events, remote locations, disaster response, and fleet management. The initial ZEeB has a 500 kW power capacity unit powered by KORE Power lithium-ion battery cells with 1.3 MWh energy storage capacity. The ZEeB is EV charger brand agnostic and can be easily recharged within hours by EXZELCR for continuous availability. The launch of ZEeB and EXZELCR represents a significant step forward for EV deployment, offering unrivaled EV charging flexibility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
partnership
News
Pioneer Power Announces e-Bloc and Related Product Orders in Excess of $10 Million
Rhea-AI Summary
Pioneer Power Solutions, Inc. (Nasdaq: PPSI) has announced the receipt of four new orders valued at over $10 million in aggregate for its e-Bloc and related products, which are expected to bolster revenue for 2024 and into 2025. The orders include contracts for EV charging infrastructure, solar microgrid, titanium smelter, and a large utility provider.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.03%
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none
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News
Pioneer Power Announces e-Boost Orders Totaling $3.1 Million
Rhea-AI Summary
Pioneer Power Solutions, Inc. (Nasdaq: PPSI) announced $3.1 million worth of new orders for its e-Boost mobile electric charging solutions, expected to significantly contribute to the company's revenue and margin in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.67%
Tags
none
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News
Pioneer to Provide e-Boost Solution to Launch MACAW Energies' Low Carbon LNG to EV Charging in Texas
Rhea-AI Summary
Pioneer Power Solutions, Inc. (Nasdaq: PPSI) has announced a significant expansion in the South Central Region by providing an e-Boost electric vehicle charging solution to MACAW Energies. This solution will support MACAW's low carbon LNG to ultra high-speed EV charging in Texas, aiming to accelerate EV adoption for fleet customers through a pilot project.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
none
News
Pioneer's Third Quarter Revenue Increases 99.1% to a Record $12.4 Million; Grows Profitability to $0.10 in Quarterly EPS
Rhea-AI Summary
Pioneer Power Solutions, Inc. (Nasdaq: PPSI) reiterates full-year revenue guidance of $42 to $45 million and positive EPS. The company maintains a $33.6 million backlog after a record revenue quarter. Financial highlights include a 99.1% increase in third-quarter revenue, a gross profit of $3.7 million, and a net income of $1.0 million. The company also expects continued growth in its E-Bloc and e-Boost product platforms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.67%
Tags
none
Stock PPSI logo
Pioneer Power Solutions Inc

Nasdaq:PPSI

PPSI Rankings

#4863 Ranked by Market Cap
#179 Ranked by Stock Gains
N/A Ranked by Dividends

PPSI Stock Data

42.80M
7.77M
23.03%
10.95%
0.51%
Power, Distribution, and Specialty Transformer Manufacturing
Manufacturing
Link
United States
Fort Lee

About PPSI

pioneer power solutions, inc. is an industry leader in the design and manufacture of electrical equipment for customers in the north american utility, industrial, commercial, oem and critical power markets. our product portfolio includes a wide range of liquid-filled and dry-type power, distribution and specialty electrical transformers, magnetic products used in the control and conditioning of electrical current for critical processes. recently, we increased our capabilities to include specialized forms of switchgear and controls that protect facilities against power outages and can manage the generation and distribution of electricity in concert with the power grid. through our business units, we pride ourselves in a 95+ year tradition of meeting the highest standards for design technology, product quality, durability and on-time delivery in a demanding and rapidly changing marketplace. while we manufacture many types of transmission and distribution equipment for general purpose app