H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Pioneer Power Solutions (PPSI – Research Report) today and set a price target of $12.00. The company’s shares opened today at $3.51.
According to TipRanks, Dayal is a top 25 analyst with an average return of 49.9% and a 46.87% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Orion Energy Systems, Pioneer Power Solutions, and Electrovaya.
Currently, the analyst consensus on Pioneer Power Solutions is a Moderate Buy with an average price target of $12.00.
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The company has a one-year high of $14.43 and a one-year low of $2.77. Currently, Pioneer Power Solutions has an average volume of 569.5K.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PPSI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Pioneer Power Solutions, Inc. engages in the manufacture, sale, and service of electrical transmission, distribution, and on-site power generation equipment in the field of utility, industrial, commercial original equipment manufacturer, and backup power markets. It operates through the Transmission and Distribution Solutions, and Critical Power Solutions segment. The Transmission and Distribution Solutions segment provides electrical transformers and switchgear for the management of electrical power distribution systems to desired specifications. The Critical Power Solutions segment offers power generation equipment, paralleling switchgear, related electrical distribution infrastructure, as well as advanced data collection and monitoring platform and preventive maintenance and monitoring platform. The company was founded on September 16, 2008 and is headquartered in Fort Lee, NJ.
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