Pioneer Power Solutions (NASDAQ:PPSI) Lifted to “Hold” at Zacks Investment Research

Pioneer Power Solutions (NASDAQ:PPSIGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “Pioneer Power Solutions, Inc. is specialty manufacturer of electrical transmission and distribution equipment. The company provide solutions in the utility, industrial and commercial segments of the electrical transmission and distribution industry. It operates primarily in the U.S., Canada and Mexico. Pioneer Power Solutions, Inc. is headquartered in Fort Lee, New Jersey. “

Several other research firms also recently weighed in on PPSI. StockNews.com assumed coverage on shares of Pioneer Power Solutions in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. TheStreet cut shares of Pioneer Power Solutions from a “c-” rating to a “d” rating in a research report on Monday, January 3rd. Finally, HC Wainwright initiated coverage on shares of Pioneer Power Solutions in a research report on Monday, January 31st. They set a “buy” rating and a $12.00 price objective for the company.

Pioneer Power Solutions stock opened at $4.96 on Thursday. The company has a fifty day simple moving average of $5.83 and a 200-day simple moving average of $6.16. The firm has a market capitalization of $47.83 million, a price-to-earnings ratio of -19.84 and a beta of -0.52. Pioneer Power Solutions has a 52-week low of $3.09 and a 52-week high of $14.43.

Pioneer Power Solutions (NASDAQ:PPSIGet Rating) last posted its quarterly earnings results on Thursday, March 31st. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.10). The business had revenue of $3.50 million during the quarter, compared to analysts’ expectations of $5.97 million. Pioneer Power Solutions had a negative return on equity of 14.81% and a negative net margin of 11.84%. As a group, equities analysts expect that Pioneer Power Solutions will post -0.2 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC acquired a new stake in Pioneer Power Solutions during the fourth quarter worth about $1,076,000. Morgan Stanley increased its position in shares of Pioneer Power Solutions by 74,988.0% during the first quarter. Morgan Stanley now owns 75,088 shares of the company’s stock valued at $364,000 after acquiring an additional 74,988 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Pioneer Power Solutions by 2.4% during the third quarter. Renaissance Technologies LLC now owns 56,187 shares of the company’s stock valued at $187,000 after acquiring an additional 1,292 shares during the last quarter. Advisor Group Holdings Inc. increased its position in shares of Pioneer Power Solutions by 47.2% during the third quarter. Advisor Group Holdings Inc. now owns 31,175 shares of the company’s stock valued at $104,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Pioneer Power Solutions by 8.9% during the third quarter. Geode Capital Management LLC now owns 31,065 shares of the company’s stock valued at $103,000 after acquiring an additional 2,545 shares during the last quarter.

Pioneer Power Solutions Company Profile (Get Rating)

Pioneer Power Solutions, Inc, together with its subsidiaries, manufactures, sells, and services specialty electrical transmission, distribution, and on-site power generation equipment in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions.

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