Maxim Power (TSE:MXG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Maxim Power Corp. reported a substantial year-over-year increase in its first quarter financials for 2024, with a revenue of $35 million and a net income of $10 million, which is significantly higher compared to the previous year. The growth is attributed to the continued operations of Milner 2 power station, despite a drop in average realized power prices due to an unplanned outage. These results underscore the company’s resilience and capacity for growth in the face of operational challenges.
For further insights into TSE:MXG stock, check out TipRanks’ Stock Analysis page.
