HC Wainwright Weighs in on Pioneer Power Solutions, Inc.’s Q1 2024 Earnings (NASDAQ:PPSI)

Pioneer Power Solutions, Inc. (NASDAQ:PPSIFree Report) – Stock analysts at HC Wainwright issued their Q1 2024 earnings per share (EPS) estimates for shares of Pioneer Power Solutions in a research report issued to clients and investors on Tuesday, April 2nd. HC Wainwright analyst A. Dayal expects that the company will post earnings of $0.05 per share for the quarter. HC Wainwright has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Pioneer Power Solutions’ current full-year earnings is $0.12 per share. HC Wainwright also issued estimates for Pioneer Power Solutions’ Q2 2024 earnings at $0.06 EPS, Q3 2024 earnings at $0.09 EPS, Q4 2024 earnings at $0.12 EPS, FY2024 earnings at $0.32 EPS, FY2025 earnings at $0.66 EPS, FY2027 earnings at $0.99 EPS and FY2028 earnings at $1.22 EPS.

A number of other equities analysts also recently weighed in on the stock. StockNews.com downgraded shares of Pioneer Power Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, December 23rd. Lake Street Capital reduced their target price on Pioneer Power Solutions from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday.

Get Our Latest Stock Analysis on Pioneer Power Solutions

Pioneer Power Solutions Price Performance

PPSI opened at $4.58 on Wednesday. Pioneer Power Solutions has a 1 year low of $3.51 and a 1 year high of $9.84. The company’s 50 day simple moving average is $5.21 and its 200 day simple moving average is $5.64. The stock has a market capitalization of $45.48 million, a PE ratio of 25.44 and a beta of 0.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.82.

Institutional Investors Weigh In On Pioneer Power Solutions

Institutional investors have recently bought and sold shares of the business. Northern Trust Corp acquired a new position in shares of Pioneer Power Solutions during the 2nd quarter valued at $37,000. Renaissance Technologies LLC purchased a new position in shares of Pioneer Power Solutions in the second quarter valued at $66,000. Jump Financial LLC acquired a new stake in Pioneer Power Solutions during the 3rd quarter valued at $67,000. FNY Investment Advisers LLC purchased a new stake in Pioneer Power Solutions during the 4th quarter worth $70,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Pioneer Power Solutions during the second quarter worth about $87,000. 10.92% of the stock is currently owned by hedge funds and other institutional investors.

About Pioneer Power Solutions

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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 in two segments, Transmission & Distribution Solutions and Critical Power Solutions.

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