By Kelly Cloonan
Shares of Pioneer Power Solutions climbed after the company swung to a profit in the fourth quarter.
The stock rose 11% to $3.03 in after-hours trading. Shares have fallen 27% over the past 12 months through the close of trading Tuesday.
The power solutions company swung to a profit of $36.3 million for the fourth-quarter ended Dec. 31, from a loss of $4.5 million in the same period a year before.
The results include income of $35.5 million from discontinued operations of the electrical infrastructure segment.
Revenue rose to $9.8 million, from $2.7 million for the same quarter the year prior.
The company said an increase in shipments and rentals of its mobile EV charging equipment drove the revenue growth.
Pioneer Power reaffirmed its view for 2025 revenue of $27 million to $29 million.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 15, 2025 17:32 ET (21:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。