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1 month ago
In a recent SEC filing, it was revealed that Michael W. Metcalf, Exec Vice President at Powell Industries (NASDAQ:POWL), made a noteworthy insider purchase on October 2,.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday unveiled that Metcalf made a notable purchase of 900 shares of Powell Industries, valuing at $163,926.
During Thursday's morning session, Powell Industries shares up by 2.69%, currently priced at $237.84.
Discovering Powell Industries: A Closer Look
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: Delving into Financials
Positive Revenue Trend: Examining Powell Industries's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 49.8% as of 30 June, 2024, showcasing a substantial increase in ...
