RTTNews | Oct 6, 2020 10:05AM EDT

10:04 Tuesday, October 6, 2020 (RTTNews.com) - Shares of nano-cap compan Pioneer Power Solutions, Inc. (PPSI) more than doubled on Tuesday morning despite no stock-related news to drive the shares.

PPSI is currently trading at $3.19, up $1.62 or 103.1847%, on the Nasdaq.

Pioneer Power Solutions, Inc., together with its subsidiaries, manufactures, sells, and services specialty electrical transmission, distribution, and on-site power generation equipment in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions.

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