Pioneer Power Solutions (NASDAQ:PPSI) Trading Up 1.2% – What’s Next?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI)’s share price 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 were traded 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.

Analyst Upgrades and Downgrades

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

Pioneer Power Solutions Price Performance

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 company’s 50 day moving average price is $4.23 and its 200 day moving average price is $3.56. The company has a market cap of $41.33 million, a price-to-earnings ratio of -8.10 and a beta of 1.38.

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

Institutional Investors Weigh In On Pioneer Power Solutions

A number of large investors have recently bought and sold shares of the business. Stratos Wealth Advisors LLC raised its position in Pioneer Power Solutions by 66.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 25,000 shares of the company’s stock valued at $108,000 after purchasing an additional 10,000 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Pioneer Power Solutions by 19.6% during the third quarter. Dimensional Fund Advisors LP now owns 65,550 shares of the company’s stock worth $283,000 after purchasing an additional 10,741 shares during the last quarter. Group One Trading LLC increased its stake in shares of Pioneer Power Solutions by 1,860.3% in the third quarter. Group One Trading LLC now owns 11,762 shares of the company’s stock valued at $51,000 after buying an additional 11,162 shares in the last quarter. Legacy Advisors LLC bought a new position in shares of Pioneer Power Solutions in the third quarter valued at about $69,000. Finally, XTX Topco Ltd bought a new position in shares of Pioneer Power Solutions in the second quarter valued at about $55,000. 10.92% of the stock is currently 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.