Power Solutions price target raised to $22 from $10 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Power Solutions to $22 from $10 and keeps a Buy rating on the shares. The clear financial inflection underway was again illustrated by stellar Q2 results for Power Solutions, the firm says. While revenue was just shy of its expectations, Craig-Hallum notes another quarter of record gross margin led to a substantial adjusted EBITDA/EPS beat.