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PowerX extends winning streak to five days, hitting new highs on two large orders
PowerX <485A> extended its winning streak to five consecutive days, updating its record high daily. The company announced two large orders after the market close on April 30th, which appears to have stimulated the stock price. The company secured orders from an energy-related business operator for its large-scale stationary battery storage system "PowerX Mega Power 2500" along with peripheral equipment and ancillary services. The combined order value of the two contracts is approximately 8.4 billion yen, and the revenue is scheduled to be recorded in the fiscal year ending December 2027. Both contracts are included in the previously announced order backlog of 34.7 billion yen expected to be recognized as revenue in fiscal 2027.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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