Curt Schuelein

[Curt Schuelein @ValueInvest2020]

@Heady_Creek There is no exclusivity with Weichai. They just supply some engine blocks and components for $PSIX enclosures. Hyperscalers decide what engines/gensets go into the enclosures and that has been $CAT/ $CMI, not Weichai.

[Curt Schuelein @ValueInvest2020]

@InvestorCanna @undrvalue Yes. I am hoping for some improvement in the GM% to 23-24%. It was 23.9% in 3Q25.

[Curt Schuelein @ValueInvest2020]

@InvestorCanna @undrvalue The main problem is that the GM% comparisons will certainly be negative in the 1st 2 quarters. I would just like to know what caused the 20% price decline in 20 minutes on heavy volume with no public filings.

[Curt Schuelein @ValueInvest2020]

@InvestorCanna @undrvalue Q4 sales were up 33% hardly little growth. Everyone knows about the tax benefit. They are having CC at 5pm today. Weichai owns 46% and has no impact on governance. Only issue is whether gross margins will start to turn around from the Q4 low.

[Curt Schuelein @ValueInvest2020]

@anonymouskeepit @linglingfool Rosen Law Firm filed an identical lawsuit on March 23rd. In April 2024, the Supreme Court ruled that a company’s failure to disclose certain information about future business risks, absent a direct duty to disclose, cannot form the basis of a private securities fraud claim.

[Curt Schuelein @ValueInvest2020]

@CompoundRich @apppro1 A practical $CGEH MultiPac deployment caps around 30MW before controls complexity and reliability architecture become challenging. The main $BE Server advantages are emissions permitting time and electrical efficiency (Greener) with installation complexity as the tradeoff.

[Curt Schuelein @ValueInvest2020]

$PSIX They provided quite a lot of background on the Power Systems business. There are 2 components.

[Curt Schuelein @ValueInvest2020]

@CompoundRich @apppro1 $CGEH is competing with $RR, $CAT and $CMI (and to a small extent $GNRC) for the genset business. $PSIX is agnostic to genset supplier, which is selected by the hyperscaler. With $CGEH, controls are fully integrated into every unit, and external switchgear is not required.

[Curt Schuelein @ValueInvest2020]

@CompoundRich @apppro1 As noted, gensets are now relatively small compared to enclosures. Its 88L is rated at 3.3GW. The dominant suppliers with US hyperscalers that go into $PSIX enclosures are $RR.L, $CAT and $CMI for diesel/natural gas reciprocating gensets (2.5-3.5GW),which involve 1/3 fewer units.

[Curt Schuelein @ValueInvest2020]

@CompoundRich @apppro1 $CGEH is not going to get any hyperscaler (100MW+) business.

[Curt Schuelein @ValueInvest2020]

@CompoundRich @apppro1 (2) Edge nodes — very small facilities, sometimes a few racks in a hardened enclosure, deployed at cell towers, substations, factory floors, retail locations, or street-level infrastructure. Power demand might be 50 kW to 2 MW.

[Curt Schuelein @ValueInvest2020]

@CompoundRich I believe that 3-5MW is only achieved by stacking C1000S modular units. A recent project in Oceania deployed 2 C1000S to deliver an initial 2MW, with the system designed to scale up to 5MW with additional units. There is a maintenance/management issue with 100s of these.

[Curt Schuelein @ValueInvest2020]

@CompoundRich The main drawback is that $CGEH largest engine/genset (C1000S) is only 1 Mw, which is just too small for large hyperscaler data centers. It requires too many units. I don't believe that they are developing anything larger.

[Curt Schuelein @ValueInvest2020]

@CompoundRich $PSIX revenue is now dominated by the enclosure business, but they won't disclose the engines vs. enclosures breakdown. They don't want disclose too much since their competitors are private.

[Curt Schuelein @ValueInvest2020]

@CompoundRich Yes. The hyperscaler makes the decision on the engine/genset. The integrator that $PSIX sells its engines to markets the full enclosure package and $PSIX isn't involved in the customer sale.

[Curt Schuelein @ValueInvest2020]

@CompoundRich $PSIX has stated that they are agnostic about the engine/genset supplier. This is decided by the hyperscaler. They then design and produce the enclosure package. Their engines are sold on a private label basis to avoid competing with the engine suppliers.

[Curt Schuelein @ValueInvest2020]

@CompoundRich The enclosure business is the largest, fastest-growing segment due to a significant industry supply-demand gap. The company focuses on large, complex projects on L-T contracts for better returns. $PSIX sees a clear, gradual market shift from diesel to natural gas for prime power.