Pioneer Power Solutions (PPSI)
NASDAQ:PPSI
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Pioneer Power Solutions
(NASDAQ:PPSI)
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Rating:52Neutral
Price Target:
$5.00
▲(76.06% Upside)
Action:Reiterated
Date:05/21/26
The score is held back primarily by weak financial performance (losses, declining TTM revenue, and negative operating/free cash flow) despite a low-leverage balance sheet. Technicals are constructive with the stock trading above major moving averages and positive MACD. Corporate events are a positive offset due to new orders, while valuation is constrained by negative earnings and no stated dividend yield.
Positive Factors
Low leverage balance sheet
A very low debt-to-equity (~0.05) gives Pioneer durable financial flexibility: it can absorb operating losses, pursue incremental project deliveries, or raise capital on better terms without a heavy interest burden. This reduces bankruptcy risk and supports strategic runway.
Negative Factors
Persistent negative operating and free cash flow
Consistent cash burn (TTM OCF -$8.2M, FCF ~-10.5M) is a durable structural weakness: it forces reliance on external financing or equity dilution, limits funds for working capital and product investment, and compresses the time window to reach self-sustaining operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage balance sheet
A very low debt-to-equity (~0.05) gives Pioneer durable financial flexibility: it can absorb operating losses, pursue incremental project deliveries, or raise capital on better terms without a heavy interest burden. This reduces bankruptcy risk and supports strategic runway.
Read all positive factors
Pioneer Power Solutions (PPSI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$53.82M
Dividend YieldN/A
Average Volume (3M)279.55K
Price to Earnings (P/E)―
Beta (1Y)2.04
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees59
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.63
Shares Outstanding11,096,266
10 Day Avg. Volume327,053
30 Day Avg. Volume279,551
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.79
Price to Sales (P/S)1.90
P/FCF Ratio-6.18
Enterprise Value/Market Cap0.77
Enterprise Value/Revenue1.66
Enterprise Value/Gross Profit10.86
Enterprise Value/Ebitda-7.98
Forecast
1Y Price Target
$9.50Price Target Upside234.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.34
Revenue Forecast (FY)$24.50M
Pioneer Power Solutions Business Overview & Revenue Model
Company Description
Pioneer Power Solutions, Inc., together with its subsidiaries, designs, manufactures, sells, and services electric power systems, distributed energy resources, used and new power generation equipment, and mobile EV charging solutions in the United...
How the Company Makes Money
Pioneer Power Solutions makes money primarily by selling electrical power equipment and associated services to utilities, industrial operators, and commercial customers. Key revenue streams include: (1) product sales of power equipment (e.g., engi...
Pioneer Power Solutions Earnings Call Summary
Earnings Call Date:Nov 14, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 17, 2026
Earnings Call Sentiment Neutral
While the company reported strong revenue growth, significant new orders, and an expansion into new markets, it faced challenges with decreased gross margins, increased operating and net losses, and reduced cash reserves. The sentiment is balanced with positive growth prospects but weighed down by financial setbacks.Positive Updates
Revenue Growth
Revenue for the third quarter of 2025 was $6.9 million, an increase of 7.4% year over year. Year-to-date revenue reached $22 million, up 68% compared to the same period last year.
Negative Updates
Decline in Gross Margin
Third quarter gross profit was $640,000 with a gross margin of approximately 9%, down from a gross margin of approximately 20% in the third quarter of the previous year, primarily due to an unfavorable sales mix.
Read all updates
Q3-2025 Updates
Positive
Negative
Revenue Growth
Revenue for the third quarter of 2025 was $6.9 million, an increase of 7.4% year over year. Year-to-date revenue reached $22 million, up 68% compared to the same period last year.
Read all positive updates
Company Guidance
During the third quarter of 2025, Pioneer Power Solutions, Inc. reported significant achievements including a 7.4% increase in quarterly revenue to $6.9 million, with year-to-date revenue reaching $22 million, up 68% from the previous year. This growth was driven by increased service sales and demand for their eBoost mobile charging solutions. The company highlighted key deliveries, such as completing a 25-unit eBoost order for a large school district, and securing a $725,000 order from Long Beach, California for an eBoost mobile stretch unit. Additionally, strategic partnerships and new orders were established, including a multiyear purchase plan with SparkCharge and ongoing discussions with a major online retailer for further deployments in 2026. Pioneer Power Solutions reaffirmed their full-year revenue guidance of $27 million to $29 million, representing a 20% growth over the previous year, and announced the upcoming launch of their PowerCore product, aimed at expanding their market reach beyond large fleets to permanent installations. Despite a decrease in gross profit margin to 9% due to an unfavorable sales mix, the company remains confident in future margin improvements and strategic growth initiatives.Pioneer Power Solutions Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
67
Positive
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 27.63M | 22.88M | 11.12M | 25.88M | 18.31M |
| Gross Profit | 3.43M | 5.51M | 2.23M | 2.83M | 1.39M |
| EBITDA | -5.43M | -4.40M | -6.31M | -5.34M | -3.42M |
| Net Income | -6.45M | 31.86M | -1.90M | -5.42M | -2.17M |
Balance Sheet | |||||
| Total Assets | 36.24M | 65.95M | 33.02M | 37.17M | 27.93M |
| Cash, Cash Equivalents and Short-Term Investments | 14.96M | 41.62M | 3.58M | 10.30M | 9.92M |
| Total Debt | 1.50M | 775.00K | 1.21M | 2.27M | 1.22M |
| Total Liabilities | 6.92M | 30.52M | 18.80M | 20.24M | 8.38M |
| Stockholders Equity | 29.32M | 35.43M | 14.22M | 16.93M | 19.55M |
Cash Flow | |||||
| Free Cash Flow | -8.49M | -9.97M | -6.39M | -7.28M | -3.43M |
| Operating Cash Flow | -5.82M | -6.21M | -3.90M | -5.77M | -3.19M |
| Investing Cash Flow | -3.90M | 38.88M | -2.50M | 4.72M | -237.00K |
| Financing Cash Flow | -16.95M | 5.38M | -323.00K | -353.00K | 7.56M |
Pioneer Power Solutions Technical Analysis
Positive
2.84
Price Trends
3.43
Positive
3.87
Positive
3.96
Positive
Market Momentum
0.28
Negative
69.22
Neutral
66.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PPSI, the sentiment is Positive. The current price of 2.84 is below the 20-day moving average (MA) of 3.94, below the 50-day MA of 3.43, and below the 200-day MA of 3.96, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 69.22 is Neutral, neither overbought nor oversold. The STOCH value of 66.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PPSI.
Pioneer Power Solutions Risk Analysis
Pioneer Power Solutions disclosed 31 risk factors in its most recent earnings report. Pioneer Power Solutions reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Pioneer Power Solutions Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | $69.77M | -2.17 | -94.91% | ― | 33.32% | 1.39% | |
52 Neutral | $53.82M | -3.59 | -23.29% | ― | ― | ― | |
45 Neutral | $26.48M | -0.54 | -926.77% | ― | -73.24% | 53.32% | |
44 Neutral | $24.35M | -793.40 | 1227.16% | ― | 6.76% | 56.18% | |
42 Neutral | $6.79M | -0.30 | -119.92% | ― | -54.88% | -92.82% |
* Industrials Sector Average
PPSI
Pioneer Power Solutions
4.85
2.30
90.20%
IPWR
Ideal Power
5.74
0.65
12.77%
POLA
Polar Power
1.87
0.07
4.19%
GWH
ESS Tech
0.90
-0.94
-51.03%
DFLI
Dragonfly Energy Holdings Corp
1.90
-1.85
-49.33%
RAYA
Erayak Power Solution Group Incorporation Class A
3.03
-3,406.97
-99.91%
Pioneer Power Solutions Corporate Events
Business Operations and StrategyProduct-Related Announcements
Pioneer Power Secures $6 Million PRYMUS Systems Award
Positive
May 18, 2026
On May 18, 2026, Pioneer Power Solutions announced a $6 million award for two PRYMUS distributed generation systems from one of the nation’s largest package delivery companies, marking early adoption just months after PRYMUS was introduced i...
Business Operations and StrategyFinancial Disclosures
Pioneer Power Secures New e-Boost Orders to Start 2026
Positive
Feb 24, 2026
Pioneer Power Solutions, Inc. is a U.S.-based provider of distributed energy resources, power generation equipment and mobile electric vehicle charging solutions serving utility, industrial and commercial markets. Through its e-Boost portfolio of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.