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NASDAQ:PSIX 12 May 2026

Power Solutions International Stock Plunges After Profit Sinks 62%; Data Center Bet Faces New Test

Power Solutions International Stock Plunges After Profit Sinks 62%; Data Center Bet Faces New Test

Power Solutions International reported first-quarter net income of $7.3 million, down 62% from a year earlier, with revenue falling 5% to $128.6 million. Shares plunged 17.5% to $62.45 at the Nasdaq close and dropped further in after-hours trading. The company did not issue full-year guidance. Gross margin fell to 22.9% from 29.7% a year earlier.
12 May 2026
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Stock Market Today

  • Asia's Diverging Economies Amid Tech Boom and Oil Crisis Signal Global Risks
    May 12, 2026, 6:29 PM EDT. Asia's economy is splitting into two contrasting realities amid a global energy crunch triggered by the Iran war. Tech-driven powerhouses like South Korea and Taiwan see record corporate profits and surging stock markets, fueled by booming semiconductor and artificial intelligence sectors. Meanwhile, countries reliant on traditional manufacturing, such as India and the Philippines, confront fuel scarcity and soaring costs that slow growth and heighten inflationary pressures. The crisis centers on disrupted crude flows through the Strait of Hormuz, sending oil prices to four-year highs. Economists warn this growing divide threatens economic inequality, monetary policy, and political stability across Asia and beyond, spotlighting risks for global trade and development.

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Nextpower’s Late Jump Says Investors Are Buying the Platform Story—For Now

Nextpower’s Late Jump Says Investors Are Buying the Platform Story—For Now

13 May 2026
Nextpower shares rose about 10% to $138 in after-hours trading Tuesday after Q4 results beat estimates and management raised fiscal 2027 revenue guidance to $3.8–$4.1 billion. Q4 revenue fell to $881 million from $924 million a year earlier, but backlog climbed above $5.25 billion. The company also announced an acquisition of power conversion assets, including Apex Power.
Oklo Stock Drops After Q1 Loss Widens — Why Its $2.5 Billion Cash Pile Matters

Oklo Stock Drops After Q1 Loss Widens — Why Its $2.5 Billion Cash Pile Matters

13 May 2026
Oklo reported a first-quarter net loss of $33.1 million, more than triple last year’s figure, as research and administrative costs surged. The nuclear startup posted no revenue and spent $17.9 million in operating cash, but ended March with $2.54 billion in cash and marketable securities after a major share sale. Shares fell after earnings.
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