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PPSI’s stock price has gained 142.6% over the past month and 111.9% year-to-date. The company’s upbeat E-Bloc sales, with more than $1.8 million of equipment sold and delivered in the last reported quarter, and continued investments in new EV charging products, should help it drive continued operational and business improvement.
However, the company reported a wider loss in the third quarter of 2021. In addition, its weak cash balance could dent investor and analyst sentiment in the stock. Although PPSI’s accelerating sales momentum could bode well as the demand for high-capacity charging installation continues to rise, heavy competition in the EV space could limit its growth potential.
