Powell Industries Soars on AI Data Center Orders

Powell Industries stock surged 11.1% on Tuesday, reaching a high of $15.60, despite missing quarterly earnings estimates. The company, which manufactures power systems for industrial sites, saw a significant boost from its shift towards AI data centers. New orders nearly doubled, totaling $490 million, with a $400 million AI data center project secured post-quarter. The stock has risen 181% year-to-date, trading at 58 times earnings, as Powell positions itself for future growth in the power sector. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4ff9f77d7b4213a0