In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Pioneer Power Solutions, with a price target of $12.00.
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Amit Dayal has given his Buy rating due to a combination of factors including Pioneer Power Solutions’ strong financial performance and strategic positioning in the electric vehicle (EV) charging market. The company reported a significant year-over-year revenue increase of 32% in the second quarter of 2025, surpassing expectations. This growth was supported by improved gross margins and a reduction in net loss compared to the previous quarter.
Additionally, Pioneer Power Solutions has secured substantial new orders in its EV charging business, indicating a promising future revenue stream. The company’s management has maintained optimistic revenue guidance for 2025 and expects gross margins to remain strong. With a robust pipeline of potential customers transitioning to electric vehicles, and plans to launch new offerings in 2026, the company is well-positioned for future growth. Furthermore, the absence of debt and strategic focus on high-demand markets like California enhance the company’s financial stability and growth prospects.
According to TipRanks, Dayal is an analyst with an average return of -6.6% and a 34.15% success rate. Dayal covers the Industrials sector, focusing on stocks such as Joby Aviation, Archer Aviation, and Vertical Aerospace.