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)
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