Power Solutions International Inc. (NASDAQ:PSIX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Power Solutions International, Inc. is engaged in producing and distributing power solutions for original equipment manufacturers of off-highway industrial equipment in the United States. The Company sells engines for stationary generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment. It also offers low-emission standard fuel and hybrid power solutions, and diesel power systems. Power Solutions International, Inc. is based in Wood Dale, Illinois. “

Several other research firms also recently commented on PSIX. Roth Capital raised their price target on shares of Power Solutions International from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Vetr raised shares of Power Solutions International from a “hold” rating to a “buy” rating and set a $17.30 target price on the stock in a research report on Monday, June 13th. Lake Street Capital downgraded shares of Power Solutions International from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Tuesday, August 16th. Finally, Wunderlich started coverage on shares of Power Solutions International in a research report on Thursday, August 25th. They set a “buy” rating and a $50.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Power Solutions International presently has an average rating of “Buy” and a consensus price target of $22.48.

Analyst Recommendations for Power Solutions International (NASDAQ:PSIX)

Power Solutions International (NASDAQ:PSIX) traded up 1.9328% on Wednesday, hitting $11.0801. 11,324 shares of the stock traded hands. Power Solutions International has a 12 month low of $7.63 and a 12 month high of $28.92. The company has a market capitalization of $120.54 million, a PE ratio of 113.0622 and a beta of 2.64. The firm has a 50-day moving average price of $11.55 and a 200-day moving average price of $14.27.

A number of hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Power Solutions International by 6.4% in the first quarter. Wellington Management Group LLP now owns 1,240,860 shares of the company’s stock worth $17,124,000 after buying an additional 74,980 shares during the period. Royce & Associates LP boosted its stake in Power Solutions International by 25.9% in the second quarter. Royce & Associates LP now owns 670,906 shares of the company’s stock worth $11,976,000 after buying an additional 138,196 shares during the period. Elk Creek Partners LLC boosted its stake in Power Solutions International by 14.3% in the second quarter. Elk Creek Partners LLC now owns 544,000 shares of the company’s stock worth $5,681,000 after buying an additional 68,248 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in Power Solutions International by 2.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 380,000 shares of the company’s stock worth $6,783,000 after buying an additional 10,000 shares during the period. Finally, Gagnon Securities LLC boosted its stake in Power Solutions International by 4.5% in the second quarter. Gagnon Securities LLC now owns 357,433 shares of the company’s stock worth $6,380,000 after buying an additional 15,478 shares during the period. Institutional investors own 48.32% of the company’s stock.

Power Solutions International Company Profile

Power Solutions International, Inc is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment.

5 Day Chart for NASDAQ:PSIX

Receive News & Stock Ratings for Power Solutions International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Solutions International Inc. and related stocks with our FREE daily email newsletter.