PPSI - Pioneer Power contract shows share gains continue, says H.C. Wainwright
TheFlyontheWall.com - Oct 12 11:35 EDT
H.C. Wainwright analyst Amit Dayal reiterates a Buy rating on Pioneer Power Solutions with a $12 price target after the company received an $8M order for its E-Bloc electrical solution from one of the world's largest automakers. The analyst says the contract falls in line with his expectations of Pioneer Power continuing to gain share of the distributed power and power generation equipment market. The deal with a leading global automaker is indicative of the technology and service that Pioneer Power is offering to customers, Dayal tells investors in a research note. The analyst believes the stock "remains underappreciated relative to the continuing improvements in its business fundamentals and significant future growth prospects supported by a highly favorable macro environment for cleaner energy solutions."
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.
