Pioneer Power Solutions, Inc. (PPSI) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) from a buy rating to a hold rating in a research report report published on Wednesday morning.

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 objective on shares of Pioneer Power Solutions and gave the company a buy rating in a research report on Tuesday, March 14th.

Shares of Pioneer Power Solutions (NASDAQ:PPSI) opened at 6.95 on Wednesday. Pioneer Power Solutions has a 12 month low of $3.78 and a 12 month high of $9.40. The stock has a 50 day moving average of $7.79 and a 200-day moving average of $6.26. The firm’s market capitalization is $60.46 million.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its quarterly earnings data on Thursday, March 9th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. Pioneer Power Solutions had a negative net margin of 0.18% and a positive return on equity of 13.35%. On average, equities research analysts anticipate that Pioneer Power Solutions will post $0.65 EPS for the current fiscal year.

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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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