Pioneer Power Solutions (NASDAQ:PPSI) Upgraded to “Sell” by StockNews.com

StockNews.com upgraded shares of Pioneer Power Solutions (NASDAQ:PPSIGet Rating) to a sell rating in a research report released on Friday morning.

Other equities research analysts have also recently issued research reports about the stock. HC Wainwright began coverage on shares of Pioneer Power Solutions in a report on Monday, January 31st. They issued a buy rating and a $12.00 target price on the stock. Zacks Investment Research upgraded shares of Pioneer Power Solutions from a sell rating to a hold rating in a report on Wednesday. Finally, TheStreet cut shares of Pioneer Power Solutions from a c- rating to a d rating in a report on Monday, January 3rd.

NASDAQ:PPSI opened at $3.98 on Friday. The company’s 50 day moving average price is $5.49 and its 200-day moving average price is $6.19. 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) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.10). Pioneer Power Solutions had a negative net margin of 11.84% and a negative return on equity of 14.81%. The firm had revenue of $3.50 million for the quarter, compared to analysts’ expectations of $5.97 million. As a group, equities analysts predict that Pioneer Power Solutions will post -0.2 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPSI. Morgan Stanley raised its position in Pioneer Power Solutions by 74,988.0% in the first quarter. Morgan Stanley now owns 75,088 shares of the company’s stock worth $364,000 after acquiring an additional 74,988 shares during the period. Advisor Group Holdings Inc. raised its position in shares of Pioneer Power Solutions by 47.2% during the 3rd quarter. Advisor Group Holdings Inc. now owns 31,175 shares of the company’s stock valued at $104,000 after purchasing an additional 10,000 shares during the period. Geode Capital Management LLC raised its position in shares of Pioneer Power Solutions by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 31,065 shares of the company’s stock valued at $103,000 after purchasing an additional 2,545 shares during the period. Renaissance Technologies LLC raised its position in shares of Pioneer Power Solutions by 2.4% during the 3rd quarter. Renaissance Technologies LLC now owns 56,187 shares of the company’s stock valued at $187,000 after purchasing an additional 1,292 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of Pioneer Power Solutions during the 3rd quarter valued at $36,000.

Pioneer Power Solutions Company Profile (Get Rating)

Pioneer Power Solutions, Inc, together with its subsidiaries, designs, manufactures, sells, and services electric power systems, distributed energy resources, used and new power generation equipment, and mobile EV charging solutions in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions.

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