Why Did Pioneer Power Solutions Stock Soar 61.09%?

Pioneer Power Solutions' stock surged 61.09% in pre-market trading on August 15, 2025, driven by a robust financial performance in the second quarter.

Pioneer Power Solutions reported a significant revenue increase of 147% year-over-year to $8.4 million for the second quarter of 2025. This substantial growth was driven by the completion of several high-value orders, reflecting the company's strong market position and increasing demand for its solutions.

The company's gross profit also saw a notable increase, more than doubling to $1.3 million, with a gross margin of 15.7%. This improvement indicates continued progress toward long-term profitability. The company also secured a multi-year e-Boost award valued at up to $10 million in partnership with a leading Charging-as-a-Service (CaaS) provider, highlighting the growing national demand for mobile, clean, and rapidly deployable EV charging solutions.

Pioneer Power Solutions' management reaffirmed the full-year 2025 revenue guidance of $27 million to $29 million, representing year-over-year growth of approximately 20%. The company's targeted marketing and sales efforts focused on segments actively investing in electrification have positioned it to play a critical role in high-need, high-growth areas such as state and local fleet operators, school districts, and key robotaxi service providers.