HC Wainwright Reaffirms “Buy” Rating for Pioneer Power Solutions (NASDAQ:PPSI)

Pioneer Power Solutions (NASDAQ:PPSI)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a report issued on Thursday, Benzinga reports. They currently have a $12.00 price objective on the stock. HC Wainwright’s price objective indicates a potential upside of 97.21% from the company’s current price.

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

Pioneer Power Solutions Stock Performance

NASDAQ:PPSI opened at $6.09 on Thursday. The company’s 50-day moving average price is $5.08 and its 200-day moving average price is $4.47. 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 company has a market cap of $66.43 million, a P/E ratio of -12.92 and a beta of 0.68. Pioneer Power Solutions has a twelve month low of $3.35 and a twelve month high of $7.30.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings results on Tuesday, October 8th. The company reported ($0.21) earnings per share for the quarter. Pioneer Power Solutions had a negative net margin of 14.02% and a negative return on equity of 30.16%. The company had revenue of $6.34 million for the quarter. On average, sell-side analysts forecast that Pioneer Power Solutions will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Pioneer Power Solutions

Several institutional investors and hedge funds have recently bought and sold shares of PPSI. Stratos Wealth Advisors LLC raised its position in Pioneer Power Solutions by 20.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company’s stock worth $70,000 after buying an additional 2,500 shares during the last quarter. Virtu Financial LLC purchased a new position in Pioneer Power Solutions during the 1st quarter worth $91,000. Dimensional Fund Advisors LP raised its position in Pioneer Power Solutions by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock worth $222,000 after buying an additional 8,401 shares during the last quarter. Evernest Financial Advisors LLC purchased a new position in Pioneer Power Solutions during the 3rd quarter worth $385,000. Finally, GSA Capital Partners LLP raised its position in Pioneer Power Solutions by 138.1% during the 1st quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock worth $460,000 after buying an additional 46,680 shares during the last quarter. Hedge funds and other institutional investors own 10.92% of the company’s stock.

Pioneer Power Solutions Company Profile

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.