Power Solutions initiated with a Buy at Freedom Capital

Freedom Capital initiated coverage of Power Solutions (PSIX) with a Buy rating and $87 price target which implies 48% upside. The firm says the company is well positioned to capitalize on the “two major trends” of surging demand for data center power infrastructure and long-term U.S. infrastructure modernization. Power Solutions “can establish a credible path to multiple expansion and enhance free-cash-flow durability,” the analyst tells investors in a research note.