In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Pioneer Power Solutions (PPSI – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $6.36.
Dayal covers the Energy sector, focusing on stocks such as Vertex Energy, Orion Energy Systems, and Plug Power. According to TipRanks, Dayal has an average return of 32.3% and a 38.32% 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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Based on Pioneer Power Solutions’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.51 million and a net profit of $122 thousand. In comparison, last year the company earned a revenue of $6.04 million and had a GAAP net loss of $788 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.
Read More on PPSI:
- Pioneer Power Increases Revenue 149% during the Second Quarter to a Record $12.1 Million; Gross Profit Increases to $2.7 Million, Achieving a 22% Gross Margin
- PPSI Earnings this Week: How Will it Perform?
- Pioneer Power to provide an E-Bloc system to Rove
- Pioneer Power wins $6.2M in E-Bloc orders from new customers
