HC Wainwright Has Optimistic Outlook of PPSI FY2029 Earnings

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) – Stock analysts at HC Wainwright raised their FY2029 EPS estimates for shares of Pioneer Power Solutions in a report issued on Wednesday, May 21st. HC Wainwright analyst A. Dayal now forecasts that the company will earn $0.47 per share for the year, up from their previous estimate of $0.46. HC Wainwright currently has a “Buy” rating and a $12.00 price target on the stock. The consensus estimate for Pioneer Power Solutions’ current full-year earnings is $0.32 per share.

Separately, Wall Street Zen raised Pioneer Power Solutions from a “sell” rating to a “hold” rating in a research note on Monday.

Pioneer Power Solutions Stock Up 0.8%

Shares of Pioneer Power Solutions stock opened at $2.57 on Thursday. The stock has a 50-day moving average price of $2.79 and a 200 day moving average price of $3.90. The company has a market cap of $28.58 million, a P/E ratio of -3.78 and a beta of 0.95. The company has a current ratio of 1.41, a quick ratio of 0.69 and a debt-to-equity ratio of 0.01. Pioneer Power Solutions has a 1 year low of $2.25 and a 1 year high of $7.00.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.11). The firm had revenue of $6.74 million during the quarter, compared to analysts’ expectations of $6.70 million. Pioneer Power Solutions had a negative net margin of 20.91% and a negative return on equity of 45.67%.

Institutional Investors Weigh In On Pioneer Power Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PPSI. Marshall Wace LLP purchased a new stake in Pioneer Power Solutions in the 4th quarter worth approximately $107,000. Two Sigma Securities LLC purchased a new stake in shares of Pioneer Power Solutions during the 4th quarter worth about $78,000. Northern Trust Corp raised its stake in shares of Pioneer Power Solutions by 64.3% during the 4th quarter. Northern Trust Corp now owns 41,898 shares of the company’s stock worth $173,000 after purchasing an additional 16,392 shares in the last quarter. Manatuck Hill Partners LLC purchased a new stake in shares of Pioneer Power Solutions during the 4th quarter worth about $310,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of Pioneer Power Solutions during the 4th quarter worth about $64,000. Hedge funds and other institutional investors own 10.92% of the company’s stock.

About Pioneer Power Solutions

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.