Pioneer Power gains on partnership with UAE-based Savvy Charging
ReutersDec 2, 2025 3:02 PM
Shares of heavy electrical equipment maker Pioneer Power Solutions PPSI.O rise ~2% at $3.78
Company's e-Boost business unit signs a Memorandum of Understanding (MoU) with Savvy Charging Technologies, an EV charging operator in the United Arab Emirates
The MoU leads PPSI's entry into the Middle East while generating recurring franchise revenue and other revenue-sharing opportunities beginning in 2026
Partnership will deliver a mobile e-Boost G.O.A.T. pilot unit in Q1 2026
Including session's moves, PPSI down 8.5% YTD
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