Pioneer Power stock rockets on massive volume after introducing mobile EV charging products

Shares of Pioneer Power Solutions Inc. PPSI, +98.46% rocketed 82.5% connected monolithic measurement successful midday trading Monday, capable to marque them the biggest gainers connected large U.S. exchanges, aft the shaper of on-site powerfulness procreation instrumentality announced the motorboat of its E-Boost portfolio of mobile electric-vehicle charging products. Volume spiked to 155.2 cardinal shares, compared with the full-day mean implicit the past 30 days of astir 146,230 shares, and making the banal the astir actively traded connected the Nasdaq. The institution said it did not remark connected banal action. The E-Boost portfolio includes a truck-mounted product, providing motortruck and car owners with dispatchable charging services; a trailer-mounted merchandise for higher capableness EV charging, which besides provides options for towing; and stationary EV charging products that tin beryllium moved if needed, and tin supply high-speed DC accelerated charging to 2 vehicles. "We are anticipating the rapidly increasing request for high-capacity mobile charging that volition beryllium required to enactment the wide scope of EV and mobile powerfulness usage cases with E-Boost products," said Chief Executive Nathan Mazurek. The banal has soared 53.2% twelvemonth to date, portion the Russell 2000 of small-capitalization stocks has rallied 24.1% and the S&P 500 SPX, -0.01% has gained 25.1%.