Pioneer Power Solutions (NASDAQ:PPSI) Releases Earnings Results, Misses Estimates By $0.06 EPS

Pioneer Power Solutions (NASDAQ:PPSI) announced its earnings results on Monday. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06), FiscalAI reports. Pioneer Power Solutions had a negative return on equity of 26.64% and a negative net margin of 38.11%.The company had revenue of $5.02 million during the quarter, compared to analysts’ expectations of $4.78 million.

Pioneer Power Solutions Trading Down 4.4%

Pioneer Power Solutions stock opened at $2.81 on Wednesday. The stock has a 50-day moving average of $3.50 and a two-hundred day moving average of $3.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.68. Pioneer Power Solutions has a one year low of $2.35 and a one year high of $6.29. The stock has a market cap of $31.19 million, a PE ratio of -5.62 and a beta of 1.85.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. HC Wainwright restated a “buy” rating on shares of Pioneer Power Solutions in a report on Tuesday. Wall Street Zen cut shares of Pioneer Power Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings cut shares of Pioneer Power Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.00.

Institutional Investors Weigh In On Pioneer Power Solutions

A number of large investors have recently made changes to their positions in the stock. Group One Trading LLC increased its holdings in 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 period. XTX Topco Ltd purchased a new stake in shares of Pioneer Power Solutions in the 4th quarter valued at $65,000. Legacy Advisors LLC acquired a new stake in shares of Pioneer Power Solutions in the third quarter worth $69,000. NewEdge Advisors LLC purchased a new position in shares of Pioneer Power Solutions during the third quarter worth $94,000. Finally, State Street Corp raised its holdings in shares of Pioneer Power Solutions by 12.6% during the fourth quarter. State Street Corp now owns 34,028 shares of the company’s stock worth $161,000 after purchasing an additional 3,800 shares during the last quarter. 10.92% of the stock is owned by hedge funds and other institutional investors.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.