Zacks Investment Research cut shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) from a hold rating to a sell rating in a research report released on Wednesday, May 3rd.

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. “

Separately, Roth Capital set a $8.00 price target on shares of Pioneer Power Solutions and gave the stock a buy rating in a research note on Tuesday, March 14th.

Pioneer Power Solutions (NASDAQ:PPSI) remained flat at $6.60 during trading on Wednesday. The company’s market capitalization is $57.50 million. The company’s 50-day moving average is $6.93 and its 200-day moving average is $6.69. Pioneer Power Solutions has a 12-month low of $4.75 and a 12-month high of $9.40.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings results on Thursday, May 11th. The industrial products company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. The company had revenue of $27.26 million during the quarter, compared to analysts’ expectations of $29 million. Pioneer Power Solutions had a negative net margin of 0.18% and a positive return on equity of 13.35%. Equities research analysts predict that Pioneer Power Solutions will post $0.60 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Heartland Advisors Inc. increased its stake in Pioneer Power Solutions by 16.8% in the first quarter. Heartland Advisors Inc. now owns 350,500 shares of the industrial products company’s stock valued at $2,629,000 after buying an additional 50,500 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Pioneer Power Solutions by 76.0% in the first quarter. Vanguard Group Inc. now owns 48,128 shares of the industrial products company’s stock valued at $359,000 after buying an additional 20,789 shares in the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Pioneer Power Solutions by 14.6% in the first quarter. Kennedy Capital Management Inc. now owns 321,828 shares of the industrial products company’s stock valued at $2,414,000 after buying an additional 41,069 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Pioneer Power Solutions during the first quarter valued at about $260,000. 15.48% of the stock is owned by institutional investors.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc manufactures, sells and services a range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company operates through two segments: Transmission & Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power).

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