Wall Street Zen Upgrades Pioneer Power Solutions (NASDAQ:PPSI) to "Hold"

Key Points

• Pioneer Power Solutions (NASDAQ:PPSI) has been upgraded to a "hold" rating by Wall Street Zen, indicating a cautious stance on the stock's future performance.
• The company reported a negative earnings per share of ($0.11) for the last quarter, surpassing analysts' expectations of ($0.18).
• Institutional investors have been actively increasing their holdings in PPSI, with Northern Trust Corp boosting its stake by 64.3% during the fourth quarter.

Wall Street Zen upgraded shares of Pioneer Power Solutions (NASDAQ:PPSI - Free Report) to a hold rating in a report published on Saturday.

Pioneer Power Solutions Trading Down 1.1%

Shares of PPSI stock traded down $0.05 during trading hours on Friday, reaching $4.45. 82,646 shares of the stock were exchanged, compared to its average volume of 236,062. Pioneer Power Solutions has a 12-month low of $2.25 and a 12-month high of $7.00. The company has a current ratio of 5.42, a quick ratio of 4.35 and a debt-to-equity ratio of 0.01. The company's 50-day moving average price is $3.59 and its 200-day moving average price is $3.07. The firm has a market capitalization of $49.37 million, a price-to-earnings ratio of -6.54 and a beta of 1.08.

Pioneer Power Solutions (NASDAQ:PPSI - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.07. Pioneer Power Solutions had a net margin of 105.23% and a negative return on equity of 11.16%. The firm had revenue of $8.37 million during the quarter, compared to analysts' expectations of $6.89 million. Pioneer Power Solutions has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Pioneer Power Solutions will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Pioneer Power Solutions

A number of large investors have recently made changes to their positions in PPSI. AAF Wealth Management LLC bought a new stake in Pioneer Power Solutions during the 4th quarter valued at about $184,000. Northern Trust Corp lifted its holdings in Pioneer Power Solutions by 64.3% during the 4th quarter. Northern Trust Corp now owns 41,898 shares of the company's stock valued at $173,000 after buying an additional 16,392 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Pioneer Power Solutions during the 4th quarter valued at about $102,000. XTX Topco Ltd bought a new stake in Pioneer Power Solutions during the 2nd quarter valued at about $55,000. Finally, Legacy Advisors LLC bought a new stake in Pioneer Power Solutions during the 1st quarter valued at about $51,000. 10.92% of the stock is owned by hedge funds and other institutional investors.

About Pioneer Power Solutions

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.