Pioneer Power Solutions (NASDAQ:PPSI) Issues Quarterly Earnings Results

Pioneer Power Solutions (NASDAQ:PPSI) released its earnings results on Friday. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03), FiscalAI reports. Pioneer Power Solutions had a negative net margin of 30.13% and a negative return on equity of 22.96%. The company had revenue of $5.02 million during the quarter, compared to analysts’ expectations of $4.78 million.

Pioneer Power Solutions Stock Performance

NASDAQ:PPSI traded down $0.11 on Friday, reaching $2.91. 117,858 shares of the company’s stock were exchanged, compared to its average volume of 156,498. The firm has a market cap of $32.29 million, a price-to-earnings ratio of -5.82 and a beta of 1.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 3.53. The stock has a fifty day simple moving average of $3.55 and a 200-day simple moving average of $3.73. Pioneer Power Solutions has a 52 week low of $2.35 and a 52 week high of $6.29.

Wall Street Analyst Weigh In

PPSI has been the topic of a number of research reports. Wall Street Zen cut shares of Pioneer Power Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Pioneer Power Solutions in a research report on Friday, July 10th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.00.

Hedge Funds Weigh In On Pioneer Power Solutions

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of Pioneer Power Solutions by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 112,226 shares of the company’s stock valued at $531,000 after purchasing an additional 3,099 shares in the last quarter. State Street Corp boosted its stake in Pioneer Power Solutions by 12.6% in the 4th 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 period. Dimensional Fund Advisors LP boosted its stake in Pioneer Power Solutions by 9.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 71,693 shares of the company’s stock worth $339,000 after purchasing an additional 6,143 shares during the period. Renaissance Technologies LLC grew its holdings in Pioneer Power Solutions by 40.2% during the 4th quarter. Renaissance Technologies LLC now owns 34,700 shares of the company’s stock valued at $164,000 after buying an additional 9,948 shares in the last quarter. Finally, Group One Trading LLC grew its holdings in Pioneer Power Solutions by 1,860.3% during the 3rd quarter. Group One Trading LLC now owns 11,762 shares of the company’s stock valued at $51,000 after buying an additional 11,162 shares in the last quarter. 10.92% of the stock is owned by institutional investors.

About Pioneer Power Solutions

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.