Stock Alert: PowerFleet Up 23%

(RTTNews) - Shares of PowerFleet, Inc. (PWFL) are currently gaining over 23% on Monday morning after the company announced it will be outfitting a large portion of the full Day & Ross trailer fleet with PowerFleet's LV-500 solar tracking solution and the PowerFleet LV-710 Freight Camera.

PWFL is currently trading at $5.52, up $1.04 or 23.32%, on the Nasdaq.

Day & Ross intends on deploying the PowerFleet's LV-500 product across a fleet of over 3,000 trailers, while a portion of these trailers will also be equipped with the PowerFleet LV-710.

PowerFleet is a provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets.