NEW YORK (TheStreet) -- Shares of Digital Power Corp. (DPW) are up 25.65% to $1.47 on very heavy trading volume after the company announced it was awarded two contracts, one to develop a custom switching power solutions for cloud based data centers, and the other to develop a custom power solution for converged cable TV edge router and gateway nodes.
The manufacturer of PV Solar mounting solutions for commercial and residential solar panel installations expects to generate $1.3 million each year for five years from the contracts.
"We hope that these engagements will lead to additional opportunities to serve these growing market segments," said president and CEO Amos Kohn.
TheStreet Ratings team rates DIGITAL POWER CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate DIGITAL POWER CORP (DPW) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good."