Pioneer Power Solutions (NASDAQ:PPSI) Earns Buy Rating from HC Wainwright

Pioneer Power Solutions (NASDAQ:PPSI - Get Free Report)'s stock had its "buy" rating reissued by research analysts at HC Wainwright in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $12.00 price target on the stock. HC Wainwright's target price would indicate a potential upside of 95.12% from the stock's previous close.

Separately, StockNews.com raised shares of Pioneer Power Solutions to a "sell" rating in a report on Tuesday, September 24th.

Pioneer Power Solutions Stock Performance

Shares of NASDAQ:PPSI traded down $0.47 during mid-day trading on Thursday, reaching $6.15. The company had a trading volume of 261,666 shares, compared to its average volume of 103,743. The company has a current ratio of 1.51, a quick ratio of 0.93 and a debt-to-equity ratio of 0.01. The firm has a market cap of $61.07 million, a price-to-earnings ratio of 33.78 and a beta of 0.68. The company's 50-day moving average price is $5.04 and its 200-day moving average price is $4.45. Pioneer Power Solutions has a one year low of $3.35 and a one year high of $7.30.

Pioneer Power Solutions (NASDAQ:PPSI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 8th. The company reported ($0.21) EPS for the quarter. The company had revenue of $6.34 million during the quarter. Pioneer Power Solutions had a negative return on equity of 30.16% and a negative net margin of 14.02%. As a group, equities research analysts anticipate that Pioneer Power Solutions will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Pioneer Power Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in Pioneer Power Solutions during the 1st quarter valued at $91,000. Evernest Financial Advisors LLC bought a new position in shares of Pioneer Power Solutions in the third quarter worth $385,000. Dimensional Fund Advisors LP increased its holdings in shares of Pioneer Power Solutions by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company's stock worth $222,000 after purchasing an additional 8,401 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Pioneer Power Solutions by 138.1% in the first quarter. GSA Capital Partners LLP now owns 80,490 shares of the company's stock worth $460,000 after purchasing an additional 46,680 shares during the period. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of Pioneer Power Solutions by 20.0% in the third quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company's stock worth $70,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 10.92% of the company's stock.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments.