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Shoals Technologies Group and ON.energy to Deploy Critical-Power Systems for Leading AI Data-Center Operator
Globenewswire· 2026-02-24 12:00
PORTLAND, Tenn., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals”) (NASDAQ: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, and ON.energy, a developer of custom grid-safe power architecture, today announced an agreement to deploy multiple gigawatts of critical power systems into the AI data center market. AI and cloud workloads are accelerating data center growth and raising the bar for power reliability, build speed, and operationa ...
AMSC Reports Third Quarter Fiscal Year 2025 Financial Results and Business Outlook
Globenewswire· 2026-02-04 21:05
Core Insights - AMSC reported strong financial results for the third quarter of fiscal year 2025, with revenues increasing by over 20% year-over-year to $74.5 million, driven by organic growth and the acquisition of Comtrafo [2][5] - The company achieved a net income of $117.8 million, or $2.68 per share, compared to $2.5 million, or $0.07 per share, in the same period of fiscal 2024, largely due to a $113.1 million tax benefit [3][9] - AMSC's cash and cash equivalents totaled $147.1 million as of December 31, 2025, significantly up from $85.4 million at the end of March 2025 [4] Financial Performance - Revenues for the third quarter of fiscal 2025 were $74.5 million, up from $61.4 million in the same quarter of fiscal 2024, marking a year-over-year increase of approximately 21.4% [2] - The gross margin for the quarter exceeded 30%, reflecting strong operational efficiency [5][9] - Non-GAAP net income for the third quarter was $123.5 million, or $2.81 per share, compared to $6.0 million, or $0.16 per share, in the same period of fiscal 2024 [3][22] Business Outlook - For the fourth quarter ending March 31, 2026, AMSC expects revenues to exceed $80 million, with net income projected to exceed $3 million, or $0.07 per share [6] - The company anticipates non-GAAP net income for the fourth quarter to exceed $8 million, or $0.17 per share [6] Market Position - AMSC has established a robust 12-month backlog of over $250 million, driven by strong market demand [5] - The company has marked its sixth consecutive quarter of profitability and its tenth of non-GAAP profitability, indicating a positive trend in financial performance [5]
Power Solutions (PSIX) International Set for Valuation Growth on Data Center Demand and Infrastructure Shifts
Yahoo Finance· 2026-01-01 11:29
Core Viewpoint - Power Solutions International Inc. (NASDAQ:PSIX) is identified as a strong investment opportunity for 2026, driven by increasing demand for data center power systems and significant updates to US infrastructure [1][3]. Group 1: Analyst Ratings and Price Targets - Freedom Capital initiated coverage of Power Solutions with a Buy rating and a price target of $87, citing the company's favorable position in the market [1]. - Jefferies also initiated coverage with a Buy rating and a price target of $101.51, emphasizing the company's role in the diesel generator supply chain amid international competitors' capacity constraints [2]. Group 2: Financial Performance - In Q3 2025, Power Solutions achieved record sales of $203.8 million, marking a 62% increase compared to Q3 2024 [3]. - The company reported a net income of $27.6 million, up 59%, and a diluted EPS of $1.20, which is a $0.45 increase from the previous year's $0.75 [3]. - The revenue growth was primarily driven by an $85.3 million increase in the power systems end market, particularly in the data center and oil and gas sectors [3]. Group 3: Company Overview - Power Solutions International Inc. designs, engineers, manufactures, markets, and sells engines and power systems across various regions, including the US, North America, the Pacific Rim, and Europe [4].
Power Solutions: This Painful Dip Looks Like A Gift
Seeking Alpha· 2025-12-04 01:32
Group 1 - Power Solutions (PSIX) is a small-cap power systems company that has experienced significant stock price growth, rising from $2 per share to over $115 per share within a year, marking it as one of the best-performing stocks [1] - Oakoff Investments provides personal portfolio management and quantitative research, focusing on balancing growth and value by sharing proprietary Wall Street information [1] - The investing group Beyond the Wall Investing offers features such as a fundamentals-based portfolio, weekly analysis from institutional investors, and regular alerts for short-term trade ideas based on technical signals [1]
Polar Power Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-20 21:05
Core Viewpoint - Polar Power, Inc. reported a significant decline in net sales and a net loss for the three months ended September 30, 2025, primarily due to reduced demand from its largest telecommunications customer and geopolitical factors impacting sales [2][10][20]. Financial Performance - Net sales decreased by 74% to $1.3 million compared to $4.9 million in the same period last year [2][10]. - The company experienced a gross loss of $2.26 million, a decrease of 259% from a gross profit of $1.42 million in the previous year [14][20]. - Operating expenses decreased by $0.22 million, but were offset by a $0.45 million impairment of right-to-use assets, leading to a net loss of $4.08 million compared to a net income of $0.01 million in the same period last year [2][20]. Sales and Market Dynamics - Sales to the largest U.S. telecommunications customer accounted for 63% of total net sales, up from 46% in the previous year, indicating increased reliance on this customer [11][12]. - The company's backlog increased to $5.3 million from $1.2 million, showing signs of improvement and diversification in sales [6]. Cost Structure and Margins - Cost of sales increased by 1% to $3.53 million, with cost of sales as a percentage of net sales rising to 277.5% from 71% in the previous year [13][14]. - The gross loss as a percentage of net sales was (177.5)% for the quarter, compared to a gross profit percentage of 29% in the same period last year [14]. Operational Adjustments - The company has reduced sales and marketing expenses by 21% to $198,000, and R&D expenses decreased by 9% to $157,000, reflecting cost-cutting measures [15][16]. - General and administrative expenses decreased by 16% to $807,000, primarily due to a reduction in staff [17]. Strategic Outlook - The CEO highlighted that geopolitical uncertainty and restructuring in the telecom sector have impacted short-term sales, but recovery in the telecom sector and growth in microgrids and EV charging are expected to provide a more sustainable growth platform [9]. - The company is focusing on diversifying its product offerings into microgrids, electric vehicle charging, and foreign military markets to broaden its market opportunities [8].
AMSC Reports Second Quarter Fiscal Year 2025 Financial Results and Business Outlook
Globenewswire· 2025-11-05 21:05
Core Insights - AMSC reported a revenue increase of over 20% year-over-year for the second quarter of fiscal 2025, reaching $65.9 million compared to $54.5 million in the same period of fiscal 2024, driven by organic growth and the acquisition of NWL, Inc. [2][5] - The company achieved a net income of $4.8 million, or $0.11 per share, for the second quarter of fiscal 2025, slightly down from $4.9 million, or $0.13 per share, in the same quarter of fiscal 2024 [3][9] - AMSC's non-GAAP net income for the second quarter was $8.9 million, or $0.20 per share, compared to $10.0 million, or $0.27 per share, in the prior year [3][21] - The company reported cash, cash equivalents, and restricted cash totaling $218.8 million as of September 30, 2025, a significant increase from $85.4 million at the end of March 2025 [4][19] Financial Performance - AMSC's gross margin surpassed 30% for the second quarter, indicating improved profitability [5][9] - The company expects third-quarter revenues to be in the range of $65.0 million to $70.0 million, with net income projected to exceed $2.0 million, or $0.05 per share [6][22] - Non-GAAP net income for the third quarter is anticipated to exceed $6.0 million, or $0.14 per share [6][23] Business Outlook - AMSC's CEO expressed confidence in the company's execution and the strong order demand across energy and military markets, supported by domestic manufacturing and reliable power needs [5][8] - The company is optimistic about the opportunities ahead in fiscal 2025, indicating a positive outlook for growth [5][6] Company Overview - AMSC is a leading provider of megawatt-scale power resiliency solutions, focusing on enhancing the performance and reliability of power networks and naval fleet operations [8][10] - The company operates globally, with a presence in Asia, Australia, Europe, and North America, and is committed to meeting the demand for smarter and cleaner energy solutions [8][10]
Data Center Leader American Superconductor Above Key Level Ahead Of Earnings
Investors· 2025-11-03 18:57
Group 1 - American Superconductor (AMSC) is highlighted as a key stock to watch ahead of its fiscal second-quarter earnings report, maintaining a strong position above a critical level [1] - The company is recognized for providing systems that support electric grids, indicating its role in the clean energy sector [1] - AMSC's stock has seen significant growth, with a reported increase of 107% this year, showcasing its resilience amid market fluctuations [4] Group 2 - Agnico-Eagle Mines is mentioned as one of the top-rated gold miners, earning a spot on IBD's stock lists, reflecting strong performance in the gold mining sector [2] - The overall stock market is experiencing mixed results, influenced by external factors such as Trump's China tariff threat, yet certain sectors, including AI and clean energy, are showing resilience [4] - Construction Partners is also noted for reaching new highs, indicating positive trends in the construction sector [4]
AMSC to Report Second Quarter Fiscal Year 2025 Financial Results on November 5, 2025
Globenewswire· 2025-10-31 20:33
Core Insights - AMSC plans to release its second quarter fiscal year 2025 financial results on November 5, 2025, after market close [1] - A conference call with investors and analysts will take place on November 6, 2025, at 10:00 a.m. Eastern Time to discuss recent accomplishments, financial results, and business outlook [1] Company Overview - AMSC is a leading provider of megawatt-scale power resiliency solutions, focusing on optimizing power grid performance and enhancing Navy fleet capabilities [1][3] - The company offers various solutions including Gridtec™ for grid systems, Marinetec™ for ship protection and power management, and Windtec™ for wind energy systems [3] - AMSC was founded in 1987 and is headquartered near Boston, Massachusetts, with operations across Asia, Australia, Europe, and North America [3]
Mission Critical Group Appoints Julie Peffer as Chief Financial Officer
Globenewswire· 2025-10-21 12:05
Core Insights - Mission Critical Group (MCG) has appointed Julie Peffer as Chief Financial Officer, bringing over 30 years of experience in financial operations and strategic growth from various global organizations [1][2] - Peffer previously served as CFO at BigBear.ai, guiding financial strategy during rapid expansion in defense and AI sectors, and is also a Board Member at Nine Energy Service [2] - Her role at MCG will involve overseeing financial, accounting, and IT operations to support the company's growth as a U.S.-based manufacturer in mission critical power systems [2][3] Company Overview - MCG specializes in designing, manufacturing, delivering, and servicing innovative solutions for critical power challenges, leveraging over 1,000 employees with 200+ years of combined leadership experience [5] - The company operates in over one million square feet of manufacturing space, positioning itself to effectively meet evolving industry demands [5] - MCG's companies include JTS, Point Eight Power, and DVM Power + Control, indicating a diverse portfolio within the power infrastructure sector [5]
Hybrid Power Solutions Partners with Tire Butler to Power Mobile Fleet
Thenewswire· 2025-09-25 12:30
Core Insights - Hybrid Power Solutions Inc. has partnered with Tire Butler, a leading mobile tire service provider in Canada, to utilize the Batt Pack Pro as the preferred power system for its fleet [1][3] - Tire Butler aims to replace traditional onboard generators with a cleaner, quieter, and more reliable power solution, which the Batt Pack Pro provides through its plug and play functionality and high surge power capacity [2][3] - The partnership emphasizes the growing demand for sustainable mobile services and positions both companies as leaders in the transition towards cleaner operational practices in the service and transportation industries [4] Company Overview - Tire Butler is recognized as North America's first premier at-home service provider for automotive goods and services, focusing on innovation, convenience, and trust [5] - The company offers a comprehensive range of services including tire swaps, storage, rotations, and balancing, catering to the needs of modern drivers [6] - Hybrid Power Solutions Inc. specializes in developing portable power systems aimed at eliminating fossil fuel dependency in off-grid applications, highlighting its commitment to environmental responsibility and technological innovation [7]