Pioneer Power Stock Soars 43% On Q2 Revenue Surge

(RTTNews) - Pioneer Power Solutions, Inc. (PPSI) jumped 43.21 percent to $4.46 on Friday, up $1.35, after the previous day's report on its second-quarter revenue of $8.4 million, a 147 percent increase from $3.4 million in the prior-year period. The company posted a net loss of $1.3 million, including a $100,000 loss from discontinued operations, narrowing from a $2.3 million loss in the same quarter last year.

Shares opened at $4.84 and traded between $4.10 and $5.70, with 89.63 million shares changing hands versus an average of 64,661 on the Nasdaq.

Pioneer Power's 52-week range is $2.25 to $7.00.