Why Powell Industries Surged, Then Plunged on Wednesday

Shares of electrical power control station designer and manufacturer Powell Industries (NASDAQ: POWL) initially surged on Wednesday, only to fall again, ending up down 10.3% as of 1:13 PM EDT.Powell reported fiscal fourth quarter earnings last night that actually beat expectations and showed nice growth, spurring the initial surge in the stock; however, it appears as the underlying order intake was softer than expected, and down on a quarterly basis, leading to the reversal.Powell's traditional end-markets were in Oil and Gas and Petrochemicals, but it's now becoming a player in the Electric Utility markets for the AI data center buildout, so investors may want to look at this stock on the pullback.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool