PPSI Stock Summary and Trading Ideas (Pioneer Power Solutions | NASDAQ:PPSI)

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. Its principal products and services include custom-engineered electrical transformers, switchgear and engine-generator sets and controls, complemented by a national field-service network to maintain and repair power generation assets. Pioneer Power works in two reportable segments: Transmission and Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power). Pioneer generates most of its revenue from the United States of America.

Pioneer Power Solutions trades on the NASDAQ stock market under the symbol PPSI.

As of April 25, 2024, PPSI stock price climbed to $3.92 with 100,352 million shares trading.

PPSI has a beta of 2.15, meaning it tends to be more sensitive to market movements. PPSI has a correlation of 0.16 to the broad based SPY ETF.

PPSI has a market cap of $38.93 million. This is considered a Sub-Micro Cap stock.

Last quarter Pioneer Power Solutions reported $8 million in Revenue and -$.07 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.08.

In the last 3 years, PPSI stock traded as high as $14.43 and as low as $2.33.

The top ETF exchange traded funds that PPSI belongs to (by Net Assets): VTI, VXF, IWC, DFAS, DFAT.

PPSI has underperformed the market in the last year with a price return of -38.2% while the SPY ETF gained +23.6%. PPSI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -22.1% and -10.1%, respectively, while the SPY returned +4.1% and -2.1%, respectively.

PPSI support price is $3.52 and resistance is $3.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PPSI stock will trade within this expected range on the day.