Pioneer Power Solutions, Inc

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Important events

Dec 012021

An EV squeeze

Retail traders plugged into small power generation equipment company Pioneer Power this week after a recent EV product piqued their interest, and prices are pumped.

  • Prices gained 32% on Tuesday, and are up 68% on the week as trading volume rockets.
  • It released a bunch of mobile EV charging products on November 8, which led to a jump of 220% after the online army got involved. EV stocks had a supercharged November thanks largely to Rivian’s (RIVN) IPO, so the stock has stayed popular across social platforms.
  • Short interest makes up 40.9% of the float. Over 1.6m shares were shorted in November, compared to October’s 32k.

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