In a report released today, Amit Dayal from H.C. Wainwright reiterated a Buy rating on Pioneer Power Solutions (PPSI – Research Report), with a price target of $12.00. The company’s shares opened today at $2.89.
According to TipRanks, Dayal is a top 100 analyst with an average return of 41.6% and a 39.70% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Pioneer Power Solutions, Electrovaya, and TOMI Environmental Solutions.
Currently, the analyst consensus on Pioneer Power Solutions is a Moderate Buy with an average price target of $12.00.
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Based on Pioneer Power Solutions’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.29 million and a GAAP net loss of $2.52 million. In comparison, last year the company earned a revenue of $5.63 million and had a GAAP net loss of $686 thousand
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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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