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FORT LEE, N.J. - Pioneer Power Solutions, Inc. (Nasdaq:PPSI), a small-cap company with a market value of $49 million that has seen its stock surge 29% over the past six months, has received a $725,000 order from the City of Long Beach, California for its e-Boost mobile EV charging system, the company announced in a press release. According to InvestingPro analysis, the company maintains a strong balance sheet with more cash than debt, positioning it well for growth opportunities.
The order, placed through reseller partner AssetWorks, is for a 250kW e-Boost Mobile ’Stretch’ system designed to provide flexible charging for Battle Motors EV sanitation trucks and other medium and heavy-duty electric vehicles in the city’s public works fleet.
The mobile charging solution is expected to help Long Beach accelerate its fleet electrification efforts while avoiding potential delays and costs associated with permanent grid infrastructure upgrades.
"This strategic investment in e-Boost highlights our dedication to building a sustainable fleet that not only reduces our environmental footprint but also enhances mobility and quality of life for our residents," said Eric Winterset, Fleet Services Manager for City of Long Beach, in the press release.
The system combines ChargePoint chargers and power modules on skids to provide the functionality of permanent EV charging with the flexibility of a mobile solution.
Nathan Mazurek, CEO of Pioneer, noted that the order "underscores the growing opportunities for scalable charging solutions beyond traditional fleet use cases" and demonstrates the versatility of e-Boost for various municipal applications.
The mobile charging system is expected to be delivered in the fourth quarter of 2025, according to the company’s statement.
Pioneer Power Solutions specializes in the design, manufacture, and integration of distributed energy resources and mobile electric charging solutions for utility, industrial, and commercial markets. While analysts have set price targets ranging from $9 to $12, indicating potential upside, investors should note that comprehensive analysis and detailed growth projections are available in the Pro Research Report, exclusively on InvestingPro.
In other recent news, Pioneer Power Solutions reported its second-quarter earnings for 2025, showcasing a notable increase in revenue. The company’s revenue surpassed forecasts, driven by robust sales growth, although it reported a higher-than-expected loss per share. Pioneer Power also announced securing multiple new contracts for its mobile EV charging solutions across sectors such as emergency services, aerospace, logistics, and clean energy. These agreements involve initial unit purchases and pilot rentals, with deliveries planned through the end of 2025 and into early 2026. The new contracts underscore the company’s capability to supply mobile power and charging systems for diverse applications. Despite the earnings report, which included a narrower net loss compared to the previous year, the company’s stock price experienced a decline. The contracts and earnings results reflect recent developments for Pioneer Power, as they continue to expand their reach across various industries.
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