Wed Sep 25 03:18:50 UTC 2024: ## Pioneer Power Solutions Downgraded to “Sell” by StockNews.com
**New York, NY** – Pioneer Power Solutions (NASDAQ:PPSI) received a downgrade from StockNews.com, moving from a previous rating to “sell” in a report released Tuesday. This comes on the heels of the company’s latest earnings report which showed a loss of $0.10 per share for the quarter ending September 10th, along with revenue of $8.59 million.
The company’s stock remained flat at $4.65 during Tuesday’s trading, with 119,449 shares changing hands.
Pioneer Power Solutions, a provider of electric power systems, distributed energy resources, and mobile EV charging solutions, operates through two segments: Electrical Infrastructure Equipment and Critical Power Solutions. While analysts expect the company to post 0.32 earnings per share for the current year, the recent downgrade suggests concerns regarding the company’s future performance.
This downgrade comes amidst a mixed bag of news for the broader market. Notably, CareDx (NASDAQ:CDNA) was upgraded to “Buy” by StockNews.com, while Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) also received an upgrade.
Investors will be watching to see if Pioneer Power Solutions can turn around its recent performance and address the concerns highlighted by StockNews.com.
First Piper 