Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

PPSI has been the subject of several other reports. Zacks Investment Research upgraded Pioneer Power Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. Roth Capital reaffirmed a “buy” rating and set a $8.00 target price on shares of Pioneer Power Solutions in a report on Tuesday, August 15th.

Shares of Pioneer Power Solutions (NASDAQ:PPSI) opened at 6.05 on Friday. The company’s market capitalization is $52.79 million. Pioneer Power Solutions has a 1-year low of $4.85 and a 1-year high of $9.40. The firm’s 50 day moving average price is $6.15 and its 200-day moving average price is $6.70.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings data on Thursday, August 10th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.07. Pioneer Power Solutions had a return on equity of 21.37% and a net margin of 0.09%. The firm had revenue of $30.90 million during the quarter, compared to analysts’ expectations of $29.30 million. Analysts expect that Pioneer Power Solutions will post $0.65 EPS for the current year.

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A number of hedge funds have recently bought and sold shares of PPSI. Kennedy Capital Management Inc. raised its stake in Pioneer Power Solutions by 24.1% in the second quarter. Kennedy Capital Management Inc. now owns 399,268 shares of the industrial products company’s stock valued at $2,615,000 after buying an additional 77,440 shares during the period. Renaissance Technologies LLC bought a new stake in Pioneer Power Solutions during the first quarter valued at approximately $260,000. Finally, North Star Investment Management Corp. raised its stake in Pioneer Power Solutions by 0.8% in the second quarter. North Star Investment Management Corp. now owns 401,175 shares of the industrial products company’s stock valued at $2,628,000 after buying an additional 3,200 shares during the period. 19.51% of the stock is currently owned by hedge funds and other institutional investors.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc manufactures, sells and services a 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 operates through two segments: Transmission & Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power).

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