Shares of Global Power Equipment Group Inc. (GLPW) soared more than 25% in intraday trading on Thursday. However, it's not exactly clear what the catalyst for the surge is.
Global Power's wholly-owned subsidiary Williams Industrial Services Group recently said that it has entered into a strategic growth alliance with CarterBrothers Services. Under this arrangement, Global Power's Williams and CarterBrothers will work closely together to identify opportunities and collectively provide more comprehensive maintenance and construction services to customers throughout the U.S.
Global Power Equipment Group, a design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries, is estimated to report earnings on October 29, 2015
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