Pioneer Power Solutions, Inc. (PPSI)

NASDAQ: PPSI · IEX Real-Time Price · USD
6.27
-0.11 (-1.72%)
Sep 27, 2023, 4:30 PM EDT - Market closed
-1.72%
Market Cap 63.00M
Revenue (ttm) 36.41M
Net Income (ttm) -560,000
Shares Out 10.05M
EPS (ttm) -0.05
PE Ratio n/a
Forward PE 61.47
Dividend n/a
Ex-Dividend Date n/a
Volume 26,752
Open 6.43
Previous Close 6.38
Day's Range 6.20 - 6.45
52-Week Range 2.33 - 9.84
Beta 0.40
Analysts Strong Buy
Price Target 12.00 (+91.39%)
Earnings Date Nov 13, 2023

About PPSI

Pioneer Power Solutions, Inc., together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions. The Transmission & Distribution Solutions segment provides electric power systems that help customers effectively and efficiently protect, control, transfer, monitor, and manage their electri... [Read more]

Sector Industrials
Founded 2008
Employees 99
Stock Exchange NASDAQ
Ticker Symbol PPSI
Full Company Profile

Financial Performance

In 2022, PPSI's revenue was $27.00 million, an increase of 47.45% compared to the previous year's $18.31 million. Losses were -$3.64 million, 67.9% more than in 2021.

Financial Statements

Analyst Forecast

According to one analyst, the rating for PPSI stock is "Strong Buy" and the 12-month stock price forecast is $12.0.

Price Target
$12.0
(91.39% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Pioneer Power's Momentum Continues, Winning $7 Million in E-Bloc and Other Related Equipment Orders during August, Supporting Increased Growth Expectations for 2024

Additional Purchase Orders from a Variety of Customers for Diverse Use-Cases including Electric Vehicle Supercharging Stations, Demonstrating Broad-Based Adoption of Pioneer's Unique Distributed Gener...

22 days ago - PRNewsWire

Pioneer Power to Participate at Upcoming Conferences in September

FORT LEE, N.J. , Aug. 31, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer", "Pioneer Power" or the "Company"), a leader in the design, manufacture, service and integration ...

27 days ago - PRNewsWire

Pioneer Power Increases Revenue 149% during the Second Quarter to a Record $12.1 Million; Gross Profit Increases to $2.7 Million, Achieving a 22% Gross Margin

Management Reiterates Guidance of Full Year Revenue of $42 to $45 Million, Full year positive EPS; Company Maintains $33.6 Million Backlog FORT LEE, N.J. , Aug. 14, 2023 /PRNewswire/ -- Pioneer Power ...

6 weeks ago - PRNewsWire

Pioneer Power's e-Boost to Support Fairfield, California's Municipal Electric Bus Fleet

First Order from Municipality to Service Public Transportation Sector FORT LEE, N.J., Aug. 9, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer", "Pioneer Power" or the "Comp...

7 weeks ago - PRNewsWire

Pioneer Power to Provide E-Bloc Solution to Support Rove Full-Service EV Charging Centers in California

Multi-Million Dollar Order Significantly Expands E-Bloc Backlog; Will Support Its Full-Service, Ultra High-Speed Charging Locations in California FORT LEE, N.J. , Aug. 7, 2023 /PRNewswire/ -- Pioneer ...

7 weeks ago - PRNewsWire

Pioneer Power to Host Second Quarter Financial Results Conference Call on Monday, August 14, 2023 at 5:00 p.m. ET

FORT LEE, N.J., Aug. 3, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer"), a leader in the design, manufacture, service and integration of electrical power systems, distrib...

7 weeks ago - PRNewsWire

Pioneer Power Wins $6.2 Million in E-Bloc Orders from New Customers to Support EV Charging and Microgrid Applications

Wins from Major Aviation and Solar Customers Support Expectations of At Least 50% Year-Over-Year Revenue Growth for 2023 FORT LEE, N.J., July 13, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Na...

2 months ago - PRNewsWire

Pioneer Power's e-Boost Mobile Solution Selected by Major Automaker to Support Multi-City Autonomous Electric Vehicle Rollout

Initial order for multiple 400 kW e-Boost units and a transaction value of approximately $1 million FORT LEE, N.J. , June 2, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer...

4 months ago - PRNewsWire

Pioneer Power Revenue Increases 34% to $8.5 Million from Prior Year Quarter; Company Reports Earnings Per Share of $0.01

Management Reiterates Guidance of Full Year Revenue of $42 to $45 Million, Full year positive EPS; Company Maintains $37.2 Million Backlog with Strong Quarterly Revenue Growth FORT LEE, N.J. , May 15,...

4 months ago - PRNewsWire

Pioneer Power to Host First Quarter Financial Results Conference Call on Monday, May 15, 2023 at 4:30 p.m. ET

FORT LEE, N.J. , May 4, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer," "Pioneer Power" or the "Company"),  a leader in the design, manufacture, service and integration o...

5 months ago - PRNewsWire

Pioneer Power to Participate in 1x1 Meetings at The Inaugural EF Hutton Global Conference

FORT LEE, N.J. , May 2, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer", "Pioneer Power" or the "Company"), a leader in the design, manufacture, service and integration of...

5 months ago - PRNewsWire

Pioneer Power to Present at the Planet MicroCap Showcase: VEGAS 2023 on Wednesday, April 26, 2023 & 1x1 Meetings on Thursday, April 27, 2023

FORT LEE, NJ / ACCESSWIRE / April 10, 2023 / Pioneer Power Solutions, Inc. (NASDAQ:PPSI) ("Pioneer", "Pioneer Power" or the "Company"), a leader in the design, manufacture, service and integration of ...

6 months ago - Accesswire

Pioneer Power to Provide e-Boost Mobile Solution to Major Transportation Agency

Long-term Rental of e-Boost Systems to Charge Multiple EV Shuttle Buses, and Other EV Vehicles for Operating Facilities FORT LEE, N.J. , April 5, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Na...

6 months ago - PRNewsWire

Pioneer Power Delivers Quarterly Revenue of $9.5 Million, Up 172% Year-over-Year and 52% Sequentially, Driven by Demand for E-Bloc Solution

Full-Year Revenue Up 48% to $27.0 Million, Backlog Grows 63% Year-Over-Year to $37.2 Million; Fourth Quarter Earnings per Share of $0.10; Management Expects Positive EPS for Full-Year of 2023; Company...

6 months ago - PRNewsWire

Pioneer Power to Participate in the Electric Vehicle & Auto Tech Virtual Conference Presented by Maxim Group LLC and hosted by M-Vest on Thursday, March 30th at 8:00 A.M. ET

Geo Murickan, President and CEO of Pioneer Power Mobility, to Discuss Trends in EV Charging and Opportunities for Innovators FORT LEE, N.J. , March 27, 2023 /PRNewswire/ -- Pioneer Power Solutions, In...

6 months ago - PRNewsWire

Pioneer Power to Host Fourth Quarter and Year End Financial Results Conference Call on Thursday, March 30, 2023 at 5:00 p.m. ET

FORT LEE, N.J. , March 16, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer," "Pioneer Power" or the "Company"), a leader in the design, manufacture, service and integration...

6 months ago - PRNewsWire

Pioneer Power Expects Full-Year 2022 Revenue Projected to Exceed its 50% Growth Target

E-Bloc Solution Drives Robust Organic Growth, Record Revenue and Backlog Since Transformer Division Sale;  Accelerating e-Boost Revenue and Continued Strong Demand for E-Bloc Expected to Exceed 2022 P...

8 months ago - PRNewsWire

Pioneer Power Continues Accelerating e-Boost Commercialization,Generates Additional Orders

Unique Anytime, Anywhere EV Charging Solution, e-Boost, Continues to Service New Use-Cases and Create Market Opportunities for EV Charging Infrastructure FORT LEE, N.J. , Jan. 9, 2023 /PRNewswire/ -- ...

9 months ago - PRNewsWire

Pioneer Power Confirms Payment in Full of Notes Related to 2019 Sale of Transformer Business

Additional $6.2 Million in Cash Significantly Bolsters Balance Sheet FORT LEE, N.J. , Dec. 28, 2022 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer", "Pioneer Power" or the "Com...

9 months ago - PRNewsWire

Pioneer Wins $5 Million-Plus E-Bloc Order from for California-Based U.S. Water Utility

New End-User, Further Expanding E-Bloc Use-Cases and Significantly Increasing E-Bloc Backlog FORT LEE, N.J. , Dec. 1, 2022 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer", "Pio...

10 months ago - PRNewsWire

Pioneer Reports 10% Revenue Growth for the Third Quarter of 2022, Driven By 79% Growth in E-Bloc Sales

Backlog Increases 157% Year-Over-Year and 15% Sequentially to $27.9 Million, Company Reiterates Expectation of 50% Year-over-Year Full Year Revenue Growth for 2022 FORT LEE, N.J. , Nov. 14, 2022 /PRNe...

11 months ago - PRNewsWire

Pioneer Power to Host Third Quarter Financial Results Conference Call on Monday, November 14, 2022 at 5:00 p.m. ET

FORT LEE, N.J. , Nov. 1, 2022 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer," "Pioneer Power" or the "Company"), a leader in the design, manufacture, service and integration o...

11 months ago - PRNewsWire

Heliox Energy Selects Pioneer's e-Boost Solution to Recharge VinFast EVs at Port of Entry

e-Boost to Ensure Charged EVs are Delivered Quickly to Consumers FORT LEE, N.J. , Oct. 28, 2022 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer," "Pioneer Power" or the "Company...

11 months ago - PRNewsWire

Pioneer Power Solutions to Present at the LD Micro Main Event XV

To Discuss New, EV-Focused Solutions and Significant Recent WinsFort Lee, New Jersey--(Newsfile Corp. - October 18, 2022) - Pioneer Power Solutions, Inc. (NASDAQ: PPSI) ("Pioneer," "Pioneer Power" or ...

1 year ago - Newsfile Corp

One of the World's Largest Automakers Awards $8 Million Contract to Pioneer Power for E-Bloc Solution

Major win with global auto OEM for new EV-focused campus FORT LEE, N.J. , Oct. 12, 2022 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer," "Pioneer Power" or the "Company"), a le...

1 year ago - PRNewsWire