Pioneer Power Solutions (NASDAQ:PPSI) Trading 1.2% Higher – Here’s Why

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was up 1.2% during mid-day trading on Friday . The stock traded as high as $3.84 and last traded at $3.7250. Approximately 23,337 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 524,062 shares. The stock had previously closed at $3.68.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PPSI shares. Wall Street Zen upgraded shares of Pioneer Power Solutions to a “hold” rating in a research note on Saturday, September 13th. Lake Street Capital reissued a “buy” rating and set a $7.00 target price on shares of Pioneer Power Solutions in a research report on Friday, November 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pioneer Power Solutions in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Pioneer Power Solutions Trading Up 1.2%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.35 and a current ratio of 5.42. The firm has a 50 day simple moving average of $4.23 and a two-hundred day simple moving average of $3.56. The firm has a market capitalization of $41.33 million, a P/E ratio of -8.10 and a beta of 1.38.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its earnings results on Thursday, November 13th. The company reported ($0.16) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.16). Pioneer Power Solutions had a net margin of 105.23% and a negative return on equity of 11.16%. The firm had revenue of $6.89 million during the quarter, compared to analyst estimates of $6.59 million. Pioneer Power Solutions has set its FY 2025 guidance at EPS. Equities research analysts forecast that Pioneer Power Solutions, Inc. will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Pioneer Power Solutions

Several institutional investors have recently modified their holdings of PPSI. James Investment Research Inc. bought a new stake in Pioneer Power Solutions during the third quarter worth $94,000. NewEdge Advisors LLC purchased a new stake in shares of Pioneer Power Solutions during the 3rd quarter valued at $94,000. XTX Topco Ltd bought a new stake in shares of Pioneer Power Solutions during the 2nd quarter worth $55,000. Legacy Advisors LLC bought a new stake in shares of Pioneer Power Solutions during the 3rd quarter worth $69,000. Finally, Group One Trading LLC boosted its holdings in shares of Pioneer Power Solutions by 1,860.3% in the 3rd quarter. Group One Trading LLC now owns 11,762 shares of the company’s stock worth $51,000 after buying an additional 11,162 shares during the last quarter. 10.92% of the stock is owned by institutional investors.

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.