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.

ILLEGAL ACTIVITY NOTICE: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/08/15/pioneer-power-solutions-inc-ppsi-stock-rating-reaffirmed-by-roth-capital.html.

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).

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.