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1 month ago
A significant insider buy by Brett A. Cope, President & CEO at Powell Industries (NASDAQ:POWL), was executed on October 2, and reported in the recent SEC filing.
What Happened: Cope demonstrated confidence in Powell Industries by purchasing 3,100 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the transaction is $564,634.
As of Thursday morning, Powell Industries shares are up by 2.69%, currently priced at $237.84.
Get to Know Powell Industries Better
Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States.
Powell Industries: A Financial Overview
Revenue Growth: Powell Industries's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 49.8%. ...
