StockNews.com Initiates Coverage on Pioneer Power Solutions (NASDAQ:PPSI)

StockNews.com began coverage on shares of Pioneer Power Solutions (NASDAQ:PPSI – Get Rating) in a research report issued on Monday. The brokerage set a “sell” rating on the stock.

Separately, TheStreet upgraded shares of Pioneer Power Solutions from a “d” rating to a “c-” rating in a research note on Friday, March 31st.

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Pioneer Power Solutions Stock Down 1.1 %

Shares of PPSI opened at $3.64 on Monday. Pioneer Power Solutions has a twelve month low of $2.33 and a twelve month high of $5.31. The stock has a market capitalization of $35.09 million, a P/E ratio of -9.84 and a beta of 0.22. The company has a 50 day moving average of $2.92 and a 200-day moving average of $2.92.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PPSI. Renaissance Technologies LLC acquired a new stake in shares of Pioneer Power Solutions in the 2nd quarter valued at approximately $66,000. Dimensional Fund Advisors LP lifted its stake in Pioneer Power Solutions by 148.8% in the first quarter. Dimensional Fund Advisors LP now owns 36,052 shares of the company’s stock valued at $204,000 after acquiring an additional 21,564 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Pioneer Power Solutions in the 3rd quarter valued at about $56,000. Northern Trust Corp acquired a new position in shares of Pioneer Power Solutions during the 2nd quarter worth about $37,000. Finally, Vanguard Group Inc. raised its holdings in shares of Pioneer Power Solutions by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 165,314 shares of the company’s stock valued at $936,000 after purchasing an additional 5,300 shares during the period. 4.56% of the stock is currently owned by institutional investors.

About Pioneer Power Solutions

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Pioneer Power Solutions, Inc designs and manufactures electrical equipment. The firm also engages in integration, refurbishment, service and distribution of electric power systems, distributed energy resources, used and new power generation equipment and mobile EV charging solutions for applications in the utility, industrial and commercial markets.

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