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 closed yesterday at $5.40.
Dayal covers the Industrial Goods sector, focusing on stocks such as Broadwind Energy, Ballard Power Systems, and Ceco Environmental. According to TipRanks, Dayal has an average return of 36.1% and a 37.47% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pioneer Power Solutions with a $12.00 average price target.
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PPSI market cap is currently $52.74M and has a P/E ratio of -14.29.
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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.
Read More on PPSI:
- Pioneer Power Revenue Increases 34% to $8.5 Million from Prior Year Quarter; Company Reports Earnings Per Share of $0.01
- Pioneer Power announces contract for a 75KW e-Boost Mobile
- Pioneer Power reports Q4 EPS 10c vs. (16c) a year ago
- Pioneer Power Delivers Quarterly Revenue of $9.5 Million, Up 172% Year-over-Year and 52% Sequentially, Driven by Demand for E-Bloc Solution
- Pioneer Power Solutions (PPSI) Q4 Earnings Cheat Sheet
