Todays Report: The Zacks Investment Research Upgrades Pioneer Power Solutions Inc. (PPSI) to “Hold”

The Zacks Investment Research Upgrades Pioneer Power Solutions Inc. (PPSI) to “Hold”

Pioneer Power Solutions Inc. (NASDAQ:PPSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.

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. “

Shares of Pioneer Power Solutions (NASDAQ:PPSI) opened at 5.90 on Friday. The stock’s 50 day moving average is $5.55 and its 200 day moving average is $5.41. The firm’s market cap is $51.32 million. Pioneer Power Solutions has a 12 month low of $2.78 and a 12 month high of $6.38.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.03. Pioneer Power Solutions had a positive return on equity of 11.05% and a negative net margin of 3.79%. The firm earned $29.90 million during the quarter, compared to analysts’ expectations of $28 million. Analysts forecast that Pioneer Power Solutions will post $0.53 EPS for the current fiscal year.

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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