Digital Power Corporation (NYSEAMERICAN: DPW) is having yet another incredibly strong day in the market today as investors continue to see opportunity in the stock. Below, we’ll talk about recent news surrounding DPW, what we’re seeing from the stock today, and what we’ll be watching for ahead.
What We’ve Seen From DPW
As mentioned above Digital Power Corporation is having a strong day in the market today. For those of you who haven’t been following the company, there’s been quite a bit of news surrounding it lately. Most recently, there was an announcement of various offerings. Of course, with concerns of dilution, DPW fell the day of the announcement, but the stock has been headed up recently.
At the end of the day, there has been quite a bit of news surrounding the company, and other than the offering, the news has been overwhelmingly positive. Ultimately, there have been two big updates that we will likely learn more about on the 20th, when the company holds an investor webinar. Nonetheless, here’s what we’ve seen from DPW most recently:
- Guidance – Recently, Digital Power Corporation released an update with regard to guidance. Previously, it was expected that in the year 2018, the company would generate revenue in the amount of $25 million. However, with the most recent update, the company said that it is now expecting revenue to be in the range between $36 million and $38 million – a massive increase from previous guidance. In the announcement, the company said that the growth is largely the result of strong demand from the commercial and defense businesses.
- Coolisys Technologies – Another big update from the company recently surrounded their subsidiary known as Coolisys Technologies. In an announcement, DPW said they launched a new product line designed for powering systems for cryptocurrency mining. The new advanced power system is expected to have incredibly high demand as the cryptocurrency industry continues to grow. In a statement, Amos Kohn, President and CEO at Coolisys, had the following to offer:
“We have a competitive advantage given our expertise in developing and providing advanced power solutions for the tech, military, industrial and healthcare sectors. To power the AntMiner S9, we will utilize our field-proven platform, previously implemented to power cloud-based computing networks and services, that employ highly-efficient power switching with fully synchronous rectification and advanced digital signal processing. Our power solutions are based on next-generation design and we believe we are among the most technologically advanced power processing solutions available. We project our cryptocurrency initiatives and products could have a material effect on the Company’s revenue and net income for this component of our operations during 2018. We look forward to presenting what we are developing.”
What We’re Seeing From The Stock Today
As mentioned above, Digital Power Corporation is having an overwhelmingly strong day in the market today, continuing the recent growth we’ve seen on the stock. At the moment (11:01), DPW is trading at $4.42 per share after a gain of $0.60 per share (15.71%) thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on DPW. In particular, we’re interested in following the story surrounding the cryptocurrency initiatives at Coolisys, and we’re excited to learn more about the growth in the commercial and defense sectors. All of this should be updated on the 20th at the next investor presentation. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it break!
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