Pioneer Pwr Solutions Inc Stock Price, News & Analysis

Pioneer Power Solutions, a leader in electrical power systems, will present at the Planet MicroCap Showcase: VEGAS 2023 on April 26, 2023, at 5:30 PM ET (2:30 PM PT). Nathan Mazurek, CEO, will lead the presentation. Interested parties can access the live webcast here. For those wishing to engage in 1x1 meetings with the company, registration is required at the conference's site. Meetings will occur in person at the Las Vegas venue. If unable to attend live, recorded presentations will be accessible through the conference's agenda tab. Pioneer specializes in power generation and mobile electric vehicle charging solutions across various markets. To learn more, visit Pioneer’s website.

Pioneer Power Solutions (Nasdaq: PPSI) announced a significant contract with a major northeastern transportation agency for the long-term rental of a 75KW e-Boost Mobile unit. This mobile charging solution, which includes fast-charging and Level 2 chargers, was deployed in Q1 2023 to charge multiple EV shuttle buses and vehicles at various facilities. The e-Boost system presents a new revenue stream for Pioneer, allowing customers to charge EVs without investing in fixed infrastructure. The company anticipates increased adoption and follow-on orders due to the success of initial deployments.

Pioneer Power Solutions (Nasdaq: PPSI) reported strong financial performance for 2022, with full-year revenue increasing 48% to $27.0 million. The fourth quarter saw revenues surge 172% year-over-year, reaching $9.5 million. The company's backlog increased 63% from the previous year to a record $37.2 million. Despite a full-year net loss of $3.6 million, Pioneer achieved a fourth-quarter net income of $948,000 or $0.10 per share. Management expects revenue growth of at least 50% in 2023, predicting total revenues between $42 and $45 million, and anticipates positive earnings per share for the year.

Pioneer Power Solutions, Inc. (Nasdaq: PPSI) will participate in the Electric Vehicle & Auto Tech Virtual Conference on March 30, 2023, at 8:00 a.m. ET. President and CEO Geo Murickan will discuss trends in EV charging, focusing on the success of the e-Boost platform, which offers mobile, high-speed EV charging. The conference will cover topics such as innovations in EV charging and building a new EV supply chain. Analysts and industry leaders will explore opportunities from ongoing EV adoption and advancements in battery technology. Participation is available via M-Vest membership.

Pioneer Power Solutions, Inc. (Nasdaq: PPSI) will host a conference call on March 30, 2023, at 5:00 p.m. ET to discuss its 2022 fourth quarter and year-end financial results. Interested participants can join by calling 1-877-423-9813 (U.S.) or 1-201-689-8573 (internationally). A replay will be available until April 6, 2023, via 1-844-512-2921 (U.S.) or 1-412-317-6671 (international). The call will also be available via a live webcast accessible at the official site.

Pioneer Power Solutions (Nasdaq: PPSI) announced expected 2022 revenue exceeding $27.5 million, reflecting over 50% annual growth driven by its E-Bloc solutions. For Q4 2022, revenue surpassed $10 million, the highest since the transformer business sale in 2019. The backlog as of December 31, 2022, rose to approximately $37 million, a 60% increase from 2021. CEO Nathan Mazurek emphasized strong demand for E-Bloc and e-Boost products, with further revenue expected in 2023. The company reported $10.3 million in cash, supporting continued marketing of its solutions. A formal outlook will be shared in March 2023.

Pioneer Power Solutions (Nasdaq: PPSI) has received multiple orders for its innovative e-Boost mobile EV charging solution, indicating strong market acceptance. Merchants Fleet has ordered two trailer-mounted e-Boost units to complement their EV charging offerings. Additionally, an existing customer has purchased two skid-mounted e-Boost systems for medium-duty EV trucks, reaffirming the product's effectiveness. CEO Nathan Mazurek projects that e-Boost revenue will double in 2023, emphasizing its role in accelerating EV infrastructure deployment.

Pioneer Power Solutions (Nasdaq: PPSI) announced a cash inflow of $6.2 million from the full payment of notes related to the 2019 sale of its transformer business. This payment strengthens Pioneer’s financial position, increasing its cash reserves to approximately $11.0 million. The company emphasized its commitment to invest in EV charging infrastructure and related solutions, bolstered by a now debt-free balance sheet. As stated by CEO Nathan Mazurek, the completion of this transaction allows for continued development and commercialization efforts through 2023.