Xos Shares Double in Post-Market Trading on Launch of Power Systems Targeted at Data Centers

Dow Jones05:12

By Elias Schisgall

Shares of Xos soared on the company's plan to launch a series of power systems designed in part to support the energy needs of artificial-intelligence data centers.

Shares more than doubled to $4.68 in after-hours trading Tuesday, after closing down 4.7% at $2.23. The stock is up 23% this year.

The maker of electric vehicle charging stations on Tuesday said after the close its new 2.5MWh Power Hub series, a series of behind-the-meter energy storage and hybrid power systems, is built on the same architecture as its mobile EV charging platform.

"The IEA projects global data center electricity consumption will roughly double by 2030, with AI as the primary driver, yet the transformers, switchgear, and grid connections required to serve that demand carry lead times of up to five years," the company said. "Behind-the-meter power has shifted from contingency to strategic necessity, and the 2.5MWh Power Hub was engineered to meet that moment."

The series comes in three core configurations with capacities of 1.2 megawatt-hours, 2.5 megawatt-hours, and 4 mega-watt-hours.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

June 02, 2026 17:12 ET (21:12 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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