H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Pioneer Power Solutions today and set a price target of $12.00.
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Amit Dayal has given his Buy rating due to a combination of factors that highlight Pioneer Power Solutions’ potential for growth and market expansion. The company has maintained its revenue guidance for 2025, suggesting strong market demand and early traction in various end markets, including vehicle and fleet charging, commercial entities, and distributed power. Additionally, Pioneer Power Solutions is developing a significant natural gas-fired power solution for data centers, expected to be ready by the end of the year, and is exploring international franchising opportunities for its e-Boost product, which could enhance its global presence.
Furthermore, the company’s strategic organization of sales and marketing resources aims to capture the increasing demand for power-related solutions, positioning it well for continued revenue growth. Amit Dayal projects a significant increase in revenues and gross margins over the next decade, with a forecasted rise in revenues from $28.9 million in 2025 to $201.9 million in 2036. Despite potential risks such as dilution, customer concentration, and global supply chain delays, the company’s growth prospects and strategic initiatives underpin the Buy rating, with a price target of $12.00 based on a discounted cash flow analysis.
According to TipRanks, Dayal is a 3-star analyst with an average return of 1.3% and a 37.35% success rate. Dayal covers the Industrials sector, focusing on stocks such as Plug Power, Vertical Aerospace, and Ceco Environmental.