Pioneer Pwr Solutions Inc Stock Price, News & Analysis

Pioneer Power Solutions, Inc. (Nasdaq: PPSI) announced that Chairman and CEO Nathan Mazurek will present at the Taglich Brothers 18th Annual Investment Conference on May 2, 2022, at 9:45 AM ET in New York. The company specializes in the design, manufacture, and service of electrical power systems and mobile EV charging solutions. Interested parties can view the webcast via the provided link. Taglich Brothers is noted for focusing on microcap companies with a market capitalization under $250 million.

Pioneer Power Solutions (PPSI) reported its fourth quarter and full-year results for 2021. Total revenue for Q4 was $3.5 million, down 34.6% year-over-year, attributed to lower sales in the T&D Solutions segment. For the full year, revenue declined 6.0% to $18.3 million, while gross profit increased 58.1% to $1.4 million, reflecting improved cost management. The company's backlog surged to $22.8 million, doubling from the previous quarter. Despite a net loss of $1.4 million in Q4, Pioneer anticipates at least 50% revenue growth in 2022 and expects positive operating cash flow.

Pioneer Power Solutions (Nasdaq: PPSI) received a $120,000 purchase order for two E-BOOST mobile EV charging solutions, marking its second order since the product's launch just five months ago. This comes after a prior order of $788,000 in January 2022. The skid-mounted systems are designed for recharging electric school buses and are portable and powered by green propane. CEO Nathan Mazurek emphasized the growing demand for such solutions in improving EV charging infrastructure.

Pioneer Power Solutions, Inc. (Nasdaq: PPSI) will host a conference call on March 31, 2022, at 4:30 p.m. ET to discuss its 2021 fourth quarter and year-end financial results. Interested participants can join by dialing 1-800-289-0438 within the U.S. or 1-323-794-2423 internationally, using confirmation code 9557363. A replay will be available until April 7, 2022. The call will also be accessible via a live webcast. For more information, visit Pioneer Power's website.

Pioneer Power Solutions (Nasdaq: PPSI) has announced a purchase order valued at $788,000 for its E-Boost mobile EV charging solution. The order, scheduled for delivery in Q1 2022, will be fulfilled for a Native American hotel and casino in Minnesota. E-Boost was launched in November 2021 to provide flexible and sustainable EV charging at various sites. CEO Nathan Mazurek highlighted the potential growth in EV sales, expecting a 20% CAGR through at least 2030, positioning the company favorably in the rapidly advancing electric vehicle market.

Pioneer Power Solutions (Nasdaq: PPSI) announced a major order valued at $12 million for its E-Bloc product, expected to double sales in its T&D Solutions business in 2022. This order includes 62 E-Bloc units for a mass merchandiser aiming to equip around 500 stores with the product. The E-Bloc simplifies power installation, enhancing speed and reducing costs. CEO Nathan Mazurek highlighted the order's significance and the anticipated revenue growth due to rising demand for upgraded electrical infrastructure.

Pioneer Power Solutions (Nasdaq: PPSI) reported a 40.3% increase in Q3 2021 revenue, totaling $5.7 million compared to $4.1 million in Q3 2020, driven by higher switchgear sales. The company launched E-Boost, a mobile EV charging solution, and reported a net loss of $434,000 or $(0.05) per share for the quarter. Despite this, a notable 121% increase in gross profit for the nine months to $1.4 million reflects improved pricing and cost management. The company strengthened its balance sheet with $8.7 million in net proceeds from stock sales.

Pioneer Power Solutions, Inc. (Nasdaq: PPSI) has announced the launch of its E-Boost portfolio, a range of mobile Electric Vehicle (EV) charging solutions. This launch aligns with the growing demand for high-capacity mobile charging as the EV market expands. The E-Boost lineup includes the E-Boost G.O.A.T., E-Boost Mobile, and E-Boost Pod, designed to facilitate convenient charging in various settings, thereby addressing 'range anxiety' among EV owners. Geo Murickan has been appointed President of Pioneer Power Mobility to oversee this new initiative.

Pioneer Power Solutions, Inc. (PPSI) will host a conference call on November 16, 2021, at 4:30 p.m. ET to discuss its Q3 2021 financial results with investors. Interested participants can dial 1-800-289-0438 (US) or 1-323-794-2423 (International) using confirmation code 9337111. A recording of the call will be available until November 23, 2021. The company specializes in distributed generation and EV charging infrastructure and offers a variety of electrical distribution and power generation equipment.