Fintel reports that on December 19, 2023, Lake Street initiated coverage of Pioneer Power Solutions (NASDAQ:PPSI) with a Buy recommendation.
Analyst Price Forecast Suggests 115.49% Upside
As of December 17, 2023, the average one-year price target for Pioneer Power Solutions is 12.24. The forecasts range from a low of 12.12 to a high of $12.60. The average price target represents an increase of 115.49% from its latest reported closing price of 5.68.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Pioneer Power Solutions is 56MM, an increase of 30.55%. The projected annual non-GAAP EPS is -0.14.
What is the Fund Sentiment?
There are 48 funds or institutions reporting positions in Pioneer Power Solutions. This is an increase of 9 owner(s) or 23.08% in the last quarter. Average portfolio weight of all funds dedicated to PPSI is 0.02%, a decrease of 36.04%. Total shares owned by institutions increased in the last three months by 4.57% to 1,232K shares. 
The put/call ratio of PPSI is 1.50, indicating a bearish outlook.
What are Other Shareholders Doing?
EAM Investors holds 142K shares representing 1.43% ownership of the company. In it's prior filing, the firm reported owning 296K shares, representing a decrease of 108.14%. The firm decreased its portfolio allocation in PPSI by 62.70% over the last quarter.
Ameriprise Financial holds 124K shares representing 1.25% ownership of the company.
Atria Wealth Solutions holds 117K shares representing 1.18% ownership of the company. In it's prior filing, the firm reported owning 295K shares, representing a decrease of 152.65%. The firm decreased its portfolio allocation in PPSI by 69.72% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 107K shares representing 1.08% ownership of the company. No change in the last quarter.
Susquehanna International Group, Llp holds 92K shares representing 0.92% ownership of the company. In it's prior filing, the firm reported owning 24K shares, representing an increase of 73.92%. The firm increased its portfolio allocation in PPSI by 192.44% over the last quarter.
Pioneer Power Solutions Background Information
(This description is provided by the company.)
Pioneer Power Solutions, Inc. manufactures, sells and services a broad range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company's principal products include switchgear and engine-generator controls, complemented by a national field-service network to maintain and repair power generation assets.
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