Pioneer Power Solutions, Inc. (PPSI) Stock Rating Reaffirmed by Roth Capital
Pioneer Power Solutions, Inc. (NASDAQ:PPSI)‘s stock had its “buy” rating restated by equities research analysts at Roth Capital in a research report issued on Tuesday. They presently have a $8.00 price objective on the industrial products company’s stock. Roth Capital’s price target points to a potential upside of 34.45% from the stock’s current price.
Several other brokerages have also recently weighed in on PPSI. Zacks Investment Research cut shares of Pioneer Power Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. ValuEngine cut shares of Pioneer Power Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 3rd.
Shares of Pioneer Power Solutions (PPSI) opened at 5.95 on Tuesday. Pioneer Power Solutions has a 1-year low of $4.85 and a 1-year high of $9.40. The company’s market cap is $51.84 million. The company has a 50-day moving average of $6.30 and a 200-day moving average of $6.94.
Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings data on Thursday, August 10th. The industrial products company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.07. Pioneer Power Solutions had a net margin of 0.09% and a return on equity of 21.53%. The business had revenue of $30.90 million during the quarter, compared to analysts’ expectations of $29.30 million. Equities analysts forecast that Pioneer Power Solutions will post $0.60 EPS for the current year.
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Hedge funds have recently modified their holdings of the company. Kennedy Capital Management Inc. raised its position in Pioneer Power Solutions by 24.1% in the second quarter. Kennedy Capital Management Inc. now owns 399,268 shares of the industrial products company’s stock valued at $2,615,000 after buying an additional 77,440 shares in the last quarter. North Star Investment Management Corp. raised its position in Pioneer Power Solutions by 0.8% in the second quarter. North Star Investment Management Corp. now owns 401,175 shares of the industrial products company’s stock valued at $2,628,000 after buying an additional 3,200 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Pioneer Power Solutions during the first quarter valued at approximately $260,000. Finally, Heartland Advisors Inc. raised its position in 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 valued at $2,629,000 after buying an additional 50,500 shares in the last quarter. Institutional investors and hedge funds own 18.86% of the company’s stock.
About Pioneer Power Solutions
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).
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