Power Solutions International Soars 10.59% on Strong Q4 Earnings

Generated by AI AgentAinvest Movers Radar
Tuesday, Mar 25, 2025 5:19 am ET1min read
PSIX--

On March 25, 2025, Power Solutions International's stock price surged by 10.59% in pre-market trading, reflecting a significant upward momentum.

Power Solutions International reported a strong fourth-quarter performance, with revenue exceeding Wall Street's estimates. This positive earnings report has driven investor confidence, leading to a notable increase in the company's stock price.

The company's gross profit for the fourth quarter saw a substantial increase of 57% to $43.2 million, with a gross margin of 29.9%, up from 26.3% in the previous year. This improvement in profitability has been a key factor in the stock's recent surge.

Power Solutions International reported earnings of $23.3 million for the fourth quarter, with a net income of $1.01 per share. This financial performance has been well-received by investors, contributing to the stock's upward trajectory.

The company's annual run rate of earnings is now at $4.04 per share, indicating a strong financial outlook for the coming year. This positive projection has further bolstered investor confidence in the company's future prospects.

Knowing stock market today at a glance

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet