Pioneer Power Solutions (NASDAQ:PPSI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pioneer Power Solutions (NASDAQ:PPSI) to a hold rating in a research note published on Saturday morning.

Pioneer Power Solutions Price Performance

Shares of NASDAQ:PPSI opened at $4.57 on Friday. The firm has a market cap of $50.70 million, a price-to-earnings ratio of -6.72 and a beta of 1.08. The firm has a fifty day moving average price of $3.49 and a 200 day moving average price of $3.04. Pioneer Power Solutions has a fifty-two week low of $2.25 and a fifty-two week high of $7.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.35 and a current ratio of 5.42.

Pioneer Power Solutions (NASDAQ:PPSI) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.07. Pioneer Power Solutions had a negative return on equity of 11.16% and a net margin of 105.23%.The business had revenue of $8.37 million for the quarter, compared to the consensus estimate of $6.89 million. Pioneer Power Solutions has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Pioneer Power Solutions will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pioneer Power Solutions

A number of institutional investors and hedge funds have recently modified their holdings of PPSI. XTX Topco Ltd bought a new position in shares of Pioneer Power Solutions during the 2nd quarter valued at approximately $55,000. Legacy Advisors LLC bought a new position in Pioneer Power Solutions during the first quarter valued at $51,000. AAF Wealth Management LLC purchased a new stake in shares of Pioneer Power Solutions in the fourth quarter valued at $184,000. Squarepoint Ops LLC bought a new stake in shares of Pioneer Power Solutions in the 4th quarter worth about $102,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Pioneer Power Solutions in the 4th quarter worth about $64,000. Hedge funds and other institutional investors own 10.92% of the company’s stock.

Pioneer Power Solutions Company Profile

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.