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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.

Stock Market Today

  • Stocks Likely to Rise Further if Hormuz Strait Reopens After Trump-Iran Deal
    June 15, 2026, 7:07 PM EDT. Stocks surged with the Dow hitting a record close following President Trump's announcement of a deal to end the war with Iran. The move eased geopolitical risks, prompting oil prices to fall and bond prices to rally as investors sought safer assets. The reopening of the strategic Hormuz Strait, a key oil shipping lane, could further boost investor confidence and provide more upside for equities by stabilizing energy markets.

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