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Powell Industries Eyes Record Revenue as Data Center Backlog Powers Growth
Source: Nasdaq
Artificial IntelligenceTechnology & InnovationCompany FundamentalsConsumer Demand & RetailCorporate Earnings
Powell Industries (NASDAQ:POWL) said it is on track to exceed last year’s $1B+ revenue, supported by demand for medium-voltage electrical equipment from data centers, utilities, and industrial customers. The update is a positive demand signal tied to AI/data-center buildout, but provides no specific quarterly guidance or figures beyond the annual run-rate.
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