Pioneer Power Solutions, Inc. (PPSI) Lifted to “Hold” at Zacks Investment Research
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.
According to Zacks, “Pioneer Power Solutions, Inc. is specialty manufacturer of electrical transmission and distribution equipment. The company provide solutions in the utility, industrial and commercial segments of the electrical transmission and distribution industry. It operates primarily in the U.S., Canada and Mexico. Pioneer Power Solutions, Inc. is headquartered in Fort Lee, New Jersey. “
Separately, Roth Capital set a $8.00 target price on Pioneer Power Solutions and gave the company a “buy” rating in a research note on Tuesday, March 14th.
Pioneer Power Solutions (NASDAQ:PPSI) opened at 6.60 on Friday. Pioneer Power Solutions has a 1-year low of $4.75 and a 1-year high of $9.40. The company’s market cap is $57.50 million. The stock has a 50 day moving average price of $6.93 and a 200 day moving average price of $6.69.
Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings data on Thursday, May 11th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. Pioneer Power Solutions had a positive return on equity of 13.35% and a negative net margin of 0.18%. The firm had revenue of $27.26 million during the quarter, compared to the consensus estimate of $29 million. Equities analysts forecast that Pioneer Power Solutions will post $0.60 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/05/19/pioneer-power-solutions-inc-ppsi-lifted-to-hold-at-zacks-investment-research.html.
Large investors have recently made changes to their positions in the company. Heartland Advisors Inc. boosted its stake in shares of Pioneer Power Solutions by 16.8% in the first quarter. Heartland Advisors Inc. now owns 350,500 shares of the industrial products company’s stock worth $2,629,000 after buying an additional 50,500 shares during the period. Vanguard Group Inc. boosted its stake in shares of Pioneer Power Solutions by 76.0% in the first quarter. Vanguard Group Inc. now owns 48,128 shares of the industrial products company’s stock worth $359,000 after buying an additional 20,789 shares during the period. Kennedy Capital Management Inc. boosted its stake in shares of Pioneer Power Solutions by 14.6% in the first quarter. Kennedy Capital Management Inc. now owns 321,828 shares of the industrial products company’s stock worth $2,414,000 after buying an additional 41,069 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Pioneer Power Solutions during the first quarter worth approximately $260,000. 15.48% of the stock is owned by institutional investors and hedge funds.
Pioneer Power Solutions Company Profile
Pioneer Power Solutions, Inc manufactures, sells and services a range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company operates through two segments: Transmission & Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pioneer Power Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Power Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.