Pioneer Power rises on strong second-half revenue forecast

Pioneer Power Solutions

17/08/2026 19:06

** Shares of heavy electrical equipment maker Pioneer Power Solutions PPSI.O up about 2% at $2.97
** Co forecasts revenue for the second half of fiscal 2026 to be about $15 million, up over 60% from first half of the year, banking on backlog conversions and growing traction for PRYMUS, its on-site power system, ahead of initial deliveries
** Second-quarter gross margin of 19.6% came in above 15.7% from a year ago, owing to improved operating efficiencies associated with sale of co's mobile EV charging solutions, e-Boost
** However, co's quarterly revenue fell about 40% to $5 million from a year ago, logs wider Q2 loss per share of 19 cents, compared to an 11-cent loss in same period last year
** Including session moves, stock down ~36% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))