Powell Industries is trading 5.6% down at $233.09 in pre-market as investors take profits following a sharp two-day run-up that lifted the stock more than 9% between July 13 and July 15.
- Recent gains were driven by strong backlog and demand tied to data centers and industrial markets.
- Near-term volatility is being fueled by cost pressures, supply-chain issues, and mixed earnings surprises, leading to profit-taking after the recent rally.