Streetbeat News

PSIX

Power Solutions International Inc

http://www.psiengines.com/

CEO

John Miller

Employees

700

Industry

Motor and Generator Manufacturing

Open

23.75

Mkt cap

598M

Volume

102K

High

26.00

P/E Ratio

13.27

52-wk high

26.00

Low

23.02

Div yield

N/A

52-wk low

1.70

Power Solutions International (PSIX) has experienced a significant increase in share price due to its strategic focus on high-growth markets such as data centers. The company's Q3 earnings report reveals a 9% year-over-year revenue growth, with the Power Systems segment growing by nearly 40%, enhancing profitability. PSIX's clean balance sheet and successful debt refinancing offer financial flexibility for future growth, with a projected 50% upside potential.

Portfolio Pulse from

November 08, 2024 | 12:00 pm

Power Solutions International reported a significant increase in net income for Q3 2024, with a 122% rise to $17.3 million compared to the previous year.

Portfolio Pulse from

November 07, 2024 | 10:00 pm

Craig-Hallum analyst Eric Stine maintains a Buy rating on Power Solutions Intl (OTC:PSIX) and raises the price target from $10 to $22.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:50 pm

Insiders at Power Solutions International, Riverview Bancorp, and RENN Fund have recently made significant stock purchases, signaling potential confidence in their companies' futures. Power Solutions International's 10% owner bought shares following a credit agreement extension. Riverview Bancorp insiders bought shares after the company posted a quarterly loss. RENN Fund's CEO purchased shares as the stock rose over the past month.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 12:15 pm

Insiders are buying shares in four companies under $4: Power Solutions International, VerifyMe, PHX Minerals, and Retractable Technologies. These purchases may indicate insider confidence in the companies' prospects. Power Solutions International recently announced its financial results, VerifyMe reported a profit, PHX Minerals posted upbeat sales, and Retractable Technologies reported a loss from operations.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 12:50 pm

Insiders at AIM ImmunoTech, Citizens, Inc., Power Solutions International, and Brightcove have recently made significant stock purchases. These transactions indicate insider confidence in the companies' prospects. Notably, these stocks are priced under $3, attracting attention from investors interested in penny stocks. Each company has had recent developments, such as executive appointments and financial results announcements, which could influence investor perception and stock performance.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 10:33 am

Insiders at Charles & Colvard, E.W. Scripps Company, AMMO, Inc., and Power Solutions International have recently made significant stock purchases. These transactions indicate insider confidence in these companies, despite mixed financial results and corporate developments reported by some. Charles & Colvard reported a quarterly loss, while AMMO posted upbeat third-quarter results. Power Solutions International announced a new General Counsel appointment, and E.W. Scripps reported mixed fourth-quarter financial results.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:43 pm

Retractable Technologies, Nanophase Technologies, and Power Solutions International are stocks under $5 with recent insider buying activity. Retractable Technologies' CEO bought shares at $1.24 each, following an operational loss report. Nanophase Technologies saw purchases by its Director and CEO amid a rights offering announcement. Power Solutions International's 10% owner bought shares at $1.99 each, after extending a shareholder loan agreement.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 11:52 am

Power Solutions International (PSIX) has amended its $50 million shareholder loan agreement with Weichai America to extend the loan maturity date to November 30, 2024. The loan is fully drawn and subordinated to the company's $130 million senior secured revolving credit facility with Standard Chartered Bank, of which $65 million has been borrowed as of December 5, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:59 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.