Pioneer Power Solutions (PPSI) Stock Forecast, Price & News

Pioneer Power Solutions' stock was trading at $2.68 at the start of the year. Since then, PPSI stock has increased by 109.0% and is now trading at $5.60.
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Pioneer Power Solutions saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 119,100 shares, an increase of 76.2% from the April 30th total of 67,600 shares. Based on an average trading volume of 130,600 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.6% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our PPSI earnings forecast.

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) released its quarterly earnings data on Thursday, March, 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.17. The firm earned $9.52 million during the quarter, compared to analysts' expectations of $10.96 million. Pioneer Power Solutions had a negative net margin of 9.65% and a negative trailing twelve-month return on equity of 16.48%.

Pioneer Power Solutions issued an update on its FY earnings guidance on Sunday, April, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $42.00 million-$45.00 million, compared to the consensus revenue estimate of $54.53 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pioneer Power Solutions investors own include Co-Diagnostics (CODX), FuelCell Energy (FCEL), iBio (IBIO), Ocugen (OCGN), S&W Seed (SANW), Sierra Oncology (SRRA), Tonix Pharmaceuticals (TNXP), Canadian Natural Resources (CNQ), GSK (GSK) and Inovio Pharmaceuticals (INO).

Pioneer Power Solutions trades on the NASDAQ under the ticker symbol "PPSI."

Pioneer Power Solutions' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (0.46%), Thompson Davis & CO. Inc. (0.13%) and Stratos Wealth Advisors LLC (0.10%).
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Shares of PPSI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PPSI stock can currently be purchased for approximately $5.60.

Pioneer Power Solutions (NASDAQ:PPSI) has a market capitalization of $54.71 million and generates $27 million in revenue each year. The company earns $-3,640,000.00 in net income (profit) each year or ($0.28) on an earnings per share basis.

Pioneer Power Solutions' mailing address is 400 KELBY STREET 12TH FLOOR, FORT LEE NJ, 07024. The official website for the company is www.pioneerpowersolutions.com. The company can be reached via phone at (212) 867-0700, via email at ppsi@haydenir.com, or via fax at 212-867-1325.