Pioneer Power Solutions (PPSI) AI Stock Analysis

• Market Cap: $42.49M
• Dividend Yield: N/A
• Average Volume (3M): 127.05K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.20
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 59
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.16
• Shares Outstanding: 11,095,266
• 10 Day Avg. Volume: 73,474
• 30 Day Avg. Volume: 127,051
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 1.94
• P/FCF Ratio: -4.45
• Enterprise Value/Market Cap: 0.59
• Enterprise Value/Revenue: 0.91
• Enterprise Value/Gross Profit: 5.73
• Enterprise Value/Ebitda: -4.79
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: $5.00 ▲(26.90% Upside)
• Action: Reiterated Date: 01/23/26
• Date: Action: Reiterated 01/23/26

The score is held back primarily by weak underlying profitability and negative operating/free cash flow despite a low-leverage balance sheet. Technicals are supportive with an uptrend across key moving averages and positive MACD, while valuation is inconclusive due to a negative P/E and no dividend. Earnings commentary is constructive on revenue/order momentum and reaffirmed guidance, but offset by margin compression, wider losses, and reduced cash.

Positive Factors

Product diversification & new product launch

The launch and rebranding of the HomeBoost as PowerCore broadens the company’s addressable market into residential and light commercial installations. A sustained product expansion reduces dependency on fleet projects, supporting revenue mix diversification and longer-term growth avenues if adoption scales.

Strong order momentum and partnerships

Large, repeatable orders and emerging multiyear purchase plans (e.g., school bus fleet deployments) validate product-market fit in fleet electrification. Durable institutional customers and partner arrangements can underpin predictable backlog and rampable production, supporting multi-quarter revenue visibility.

Conservative leverage

Very low financial leverage preserves balance sheet flexibility for product development, opportunistic M&A, or working capital needs. This reduces refinancing risk and supports multi-quarter resilience as the company invests in commercialization and scales operations.

Negative Factors

Margin compression

A sustained drop in gross margin driven by unfavorable sales mix signals challenges in achieving profitable scale. If higher-margin products don't gain share, persistent margin pressure will require structural cost reductions or pricing power to restore durable profitability.

Negative operating cash flow

Ongoing negative operating cash flow and shrinking free cash flow undermine self-funding of growth and mandate reliance on existing cash or external financing. Over several quarters this limits reinvestment capacity and elevates execution risk for product launches and commercial expansion.

Widening operating and net losses

Growing operating and net losses indicate current revenues are insufficient to cover fixed costs and investment needs. If losses persist, they erode reserves and can force cost cuts or delayed strategic initiatives, impairing long-term market share gains and product rollout effectiveness.

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 States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions. The Transmission & Distribution Solutions segment provides electric power systems, including e-Bloc, and distributed energy resources that help customers effectively and efficiently protect, control, transfer, monitor, and manage their electric energy requirements. It also provides low voltage switchgears and transfer switches. The Critical Power Solutions segment provides new and used power generation equipment, and aftermarket field-services to ensure smooth and uninterrupted power to operations during times of emergency. The company serves utility, industrial, commercial, and backup power markets. The company was incorporated in 2008 and is headquartered in Fort Lee, New Jersey. Pioneer Power Solutions, Inc. is a subsidiary of Provident Pioneer Partners, L.P.

How the Company Makes Money

Pioneer Power Solutions generates revenue through multiple key streams. The primary revenue model is based on the sale of its proprietary products, including power management systems and energy storage solutions. Additionally, PPSI earns income through service contracts, which provide maintenance and support for its systems, and consultancy services for energy management. The company may also engage in partnerships with utility companies and other organizations to provide tailored solutions, further enhancing its revenue potential. Strategic alliances and collaborations in research and development can lead to expanded offerings and access to new markets, contributing significantly to overall earnings.

Pioneer Power Solutions Financial Statement Overview

Summary

Mixed fundamentals: revenue and gross margin declined in the TTM period and EBIT/EBITDA margins remain negative, while the balance sheet is conservatively levered (low debt-to-equity). Cash generation is a key weakness with negative operating cash flow and declining free cash flow; net income metrics are distorted by a one-time gain.

Income Statement

Pioneer Power Solutions has experienced a decline in revenue growth, with a negative growth rate of -17.45% in the TTM period. The gross profit margin has decreased from 24.10% in 2024 to 19.93% in the TTM period, indicating reduced efficiency in generating profit from sales. The net profit margin is positive at 142.75% due to a one-time gain, but EBIT and EBITDA margins remain negative, reflecting ongoing operational challenges.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.03, indicating conservative leverage. Return on equity is strong at 111.90% in the TTM period, driven by the net income gain. However, the equity ratio has decreased, suggesting a lower proportion of equity financing relative to total assets.

Cash Flow

Operating cash flow remains negative, and free cash flow has declined further in the TTM period. The free cash flow to net income ratio is high at 144.17%, but this is due to the net income gain rather than operational improvements. The company faces challenges in generating positive cash flow from operations.

Breakdown	TTM	Mar 2025	Mar 2024	Dec 2022	Mar 2022	Dec 2020
Income Statement
Total Revenue	27.26M	22.88M	11.12M	25.88M	18.31M	19.49M
Gross Profit	4.35M	5.51M	2.23M	2.83M	1.39M	881.00K
EBITDA	-5.20M	-4.40M	-6.31M	-5.34M	-3.42M	-3.82M
Net Income	32.27M	31.86M	-1.90M	-5.42M	-2.17M	-2.99M
Balance Sheet
Total Assets	37.58M	65.95M	33.02M	37.17M	27.93M	21.29M
Cash, Cash Equivalents and Short-Term Investments	17.34M	41.62M	3.58M	10.30M	9.92M	7.57M
Total Debt	752.00K	775.00K	1.21M	2.27M	1.22M	1.41M
Total Liabilities	6.88M	30.52M	18.80M	20.24M	8.38M	7.43M
Stockholders Equity	30.70M	35.43M	14.22M	16.93M	19.55M	13.86M
Cash Flow
Free Cash Flow	-9.91M	-9.97M	-6.39M	-7.28M	-3.43M	-3.61M
Operating Cash Flow	-5.89M	-6.21M	-3.90M	-5.77M	-3.19M	-3.61M
Investing Cash Flow	36.42M	38.88M	-2.50M	4.72M	-237.00K	2.63M
Financing Cash Flow	-16.27M	5.38M	-323.00K	-353.00K	7.56M	337.00K

Pioneer Power Solutions Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.94
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PPSI, the sentiment is Negative. The current price of 3.94 is below the 20-day moving average (MA) of 4.23, below the 50-day MA of 4.39, and above the 200-day MA of 3.77, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 39.00 is Neutral, neither overbought nor oversold. The STOCH value of 11.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PPSI.

Pioneer Power Solutions Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PPSI	55 Neutral	$42.49M	-5.78	―	―	―	―
IPWR	53 Neutral	$28.23M	-2.65	-74.44%	―	-69.65%	11.41%
DFLI	44 Neutral	$30.32M	-0.09	―	―	18.24%	24.49%
GWH	43 Neutral	$40.27M	-0.31	-265.36%	―	-3.53%	24.37%
POLA	40 Underperform	$3.75M	-0.44	-119.92%	―	-44.32%	-49.47%

Pioneer Power Solutions Corporate Events

Pioneer Power Solutions Reports Q3 2025 Financial Results

Pioneer Power Solutions announced its third-quarter 2025 financial results, reporting a 7% increase in revenue to $6.9 million compared to the same period last year. Despite the revenue growth, the company experienced a decline in gross profit and an increased operating loss. Key achievements include significant project deliveries in school bus and fleet electrification, as well as new orders and partnerships in various sectors, indicating strong market demand and positioning for future growth.

The most recent analyst rating on (PPSI) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Pioneer Power Solutions stock, see the PPSI Stock Forecast page.